On May 21, VN-Index maintained positive momentum despite a majority of falling stocks. Notable gains were seen in Vinhomes (VHM) and Vietnam Airlines (HVN). VHM stock reached a ceiling price of 67,300 VND/share, with a market capitalization of approximately 276 trillion VND, solidifying its position as the largest real estate company in the stock market. HVN also surged to 36,450 VND/share, nearing its historical peak from 2018, with a YTD increase of over 27%, following approval for capital increase and investment in 50 new aircraft. Novaland (NVL) returned to peak levels since September 2024, increasing its value but still below its 2021 peak, with a market cap of 25 trillion VND. The company sought approval for a debt-for-equity swap. Gelex (GEX) also hit its ceiling price at 32,500 VND/share, with a market cap of 28 trillion VND, marking an 82% YTD increase. The market exhibits strong differentiation, with VN-Index not making significant gains but some stocks still seeing notable rises.
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