Bonanza for all but two top 10 HoSE stocks

By Phuong Dong June 8, 2021 | 04:03 pm PT

An investor observes stock price movements at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.

Eight of 10 largest caps on the Ho Chi Minh Stock Exchange (HoSE) have seen their stock rise significantly this year, but the remaining two have experienced a downturn.

Leading the pack is VPB of lender VPBank, whose share price has risen nearly 112 percent over last year to VND72,000 ($3.14). It is followed by HPG of steelmaker Hoa Phat Group, up 62 percent to VND68,000 per share.

The other six gainers include TCB of largest private lender Techcombank, CTG of state-owned VietinBank, VHM of real estate giant Vinhomes, VIC of biggest private conglomerate Vingroup, VCB of state-owned lender Vietcombank, and GAS of energy giant PetroVietnam Gas.

Of the two tickers that saw their prices decrease, VNM of dairy giant Vinamilk has slipped 18 percent this year to VND90,000, while BID of state-owned lender BIDV is down 3 percent from last year to VND46,800.

VIC has retained its first place in terms of stock price at VND123,000 per share. In second place is VHM, which has dislodged VNM from the position, growing 15 percent over last year to reach VND106,000.

BID, meanwhile, has replaced TCB as the lowest priced stock in the HoSE top ten.

The total market capitalization of the HoSE as of June 7 was VND5.09 quadrillion ($220.7 billion), with the top 10 largest caps accounting for 49 percent of this figure.

Vietnam’s benchmark VN-Index hit 1,319.88 points Tuesday, growing 19.6 percent this year.