The VN-Index closed with a gain of over 6 points, primarily driven by the Vingroup stocks, which continued to be the main force behind the benchmark index’s upward momentum. Meanwhile, the market remained in a “green shell, red core” state, with declining stocks outnumbering advancing ones on the HoSE. The cash flow primarily boosted Vin-related stocks, with VPL hitting its ceiling at one point and closing with a 6% increase. VHM and VRE also saw price increases.
Thanks to the contributions of Vingroup stocks, the real estate sector became the market’s focal point. VIC alone contributed nearly 13 points to the index, double the VN-Index’s daily gain. VIC’s dominance was evident last week, as it single-handedly accounted for nearly 28 points of the VN-Index’s total 36.06-point increase over the week.
VIC’s market dominance.
The positive trading of Vingroup stocks propelled the net worth of Pham Nhat Vuong to a new high of $23.6 billion, ranking him 97th globally. Mr. Vuong is Vietnam’s first billionaire to enter the top 100 richest people in the world. Compared to the beginning of 2025, his wealth has tripled.
On December 8th, Vingroup will finalize the list of shareholders eligible to receive shares issued to increase equity from owner’s capital. According to the plan, the conglomerate will issue nearly 3.9 billion shares at a 1:1 ratio, meaning each shareholder holding one share will receive an additional share. This is the largest share issuance in the history of Vietnam’s stock market. Post-issuance, Vingroup’s chartered capital will double to over 77 trillion VND.
In contrast to the leading group’s surge, the VN30 basket traded weakly, with only 10 gainers and 17 decliners. Nine stocks fell by more than 1%, including FPT, GVR, STB, MSN, and LPB.
After a heated rally, the Gelex group adjusted, with GEE among the most negatively impacted stocks, dropping 5.3%. GEX and VIX also declined by over 2%. VIX led the market in liquidity, with transactions exceeding 1.446 trillion VND.
At the close of the final November trading session, the VN-Index rose by 6.67 points (0.4%) to 1,690.99 points. Meanwhile, the HNX-Index and UPCoM-Index declined. Foreign investors net bought nearly 350 billion VND, focusing on FPT, VCB, and VJC.
Billionaire’s Stocks Hit as Brokerages Unload Shares in Friday’s Session
Proprietary trading firms net sold VND 360 billion on the Ho Chi Minh Stock Exchange (HOSE).
VN-Index Surges Near 1,700 Points as Billionaire Pham Nhat Vuong Joins the World’s Top 98 Wealthiest Individuals
The weekend trading session of November 28th concluded with a mixed performance, as the VN-Index managed to stay in the green while the overall market was dominated by a sea of red.
Technical Analysis for the Afternoon Session of November 28: Sustaining the Uptrend
The VN-Index continues its upward trajectory, nearing the Upper Band of the Bollinger Bands. Meanwhile, the HNX-Index remains in a tug-of-war, with trading volumes consistently hovering at lower levels.
Vinpearl Granted Margin After Six Months of Listing; Novaland and Other Controlled Stocks Face Further Cuts
Vinpearl Corporation (HOSE: VPL) has officially qualified for margin trading, meeting all requirements post its minimum listing period and avoiding any warning status. Meanwhile, HOSE maintains its list of 65 ineligible stocks, primarily due to regulatory restrictions, warning statuses, and negative financial results.
Stock Market Update 24-11: VN-Index Surges, Yet Red Dominates the Market
The VN-Index kicked off the week with a near 1% gain, yet selling pressure persisted among mid- and small-cap stocks, resulting in a market divided—a “green exterior, red interior” scenario.
