At the end of the trading week from November 17-21, the VN-Index increased by 19.47 points (+1.19%), to 1,654.93 points. Liquidity was gloomy and behind behind behind the 20-week average by 43%.
The average matched volume on the HOSE floor reached 761 million shares/session, up more than 6% compared to last week, the average trading value reached VND21,675 billion, up more than 2% compared to last week.
Regarding the trading value of foreign investors, this group of investors continued to net sell with strong pressure, only having a trading session on Thursday to suddenly return to net buying, but quickly turned around selling on the weekend. Accumulated after 5 sessions, foreign investors net sold VND 2,213 billion in the whole market.
Statistics according to each stock code in the last trading week showed that VCI was the focus of the strongest net selling point with a value of 653 billion VND, the highest in the whole market. Followed by STB with VND 605 billion, MBB (420 billion VND) and VND (347 billion VND).
On the other hand, the net buying force is HPG with a value of VND 1,028 billion, far exceeding the rest. Next are VNM (446 billion VND), FPT (392 billion VND) and TCX (158 billion VND).
On the HOSE floor, it is noteworthy that the pair of bluechips VJC and VIC, although the increase was only over and under 10%, was a positive driving force for the VN-Index. In particular, VJC shares are only not far from the peak set in the session on October 30. For VIC, it continues to record a new historical peak.
Continuously breaking the peak, billionaire Pham Nhat Vuong's Vingroup (VIC code) stock is creating the most special wave on the Vietnamese stock exchange. Since the beginning of the year, VIC has increased its market price by nearly 70%, closing the session on November 21 at VND 229,700/share.
Vingroup's market capitalization has also increased by nearly VND 730,000 billion since the beginning of the year, setting a new record of nearly VND 885,000 billion (~33 billion USD). The 25-year history of the Vietnamese stock market has never witnessed such a capital increase. Vingroup's increase since the beginning of the year alone has been larger than all other stocks on the exchange.
With current capitalization, Vingroup continues to firmly hold the No. 1 position on the stock exchange, far from the top behind. The corporate value of billionaire Pham Nhat Vuong even far exceeded the total capitalization of the two largest banks in the market, Vietcombank and BIDV. This is a huge leap forward as Vingroup enters 2025, still outside the top 10 with capital.
VIC shares increased "at the top" pushing billionaire Pham Nhat Vuong's assets to skyrocket. On the Vietnamese stock exchange alone, the Vingroup Chairman's assets have reached more than VND500,000 billion, a figure greater than the capitalization value of all stocks on the stock exchange except Vingroup.
According to the latest update from Forbes, on November 21, billionaire Pham Nhat Vuong had assets of more than 21 billion USD, ranking 109th in the list of the richest people in the world. In addition, a large part of Mr. Vuong's assets are also at VinFast - a Vietnamese enterprise listed on Nasdaq with a capitalization of more than 8 billion USD.
Returning to the market's trading trend, analysts from SHS Securities Company (SKS) assessed that the short-term trend of VN-Index is moving to a period of positive accumulation recovery in the support zone around 1,645 points, corresponding to the current 20-session average price zone. It is expected that the market will soon move towards resistance around 1,700 points, corresponding to the highest price range in August and September 2025. However, liquidity will not be able to recover soon, only about 70% of the average. Stock groups are alternating to recover after decline and are under pressure to adjust and re-evaluate short-term support zones after the recovery.
Experts from BIDV Securities (BSC) commented that the tug-of-war trend is still the dominant trend during this period, especially when the VN-Index moves towards old resistance zones. The market is still likely to move towards 1,680 - 1,700 points in the coming sessions, but will be accompanied by fluctuations. Investors should be cautious about the market when trading.
