Vingroup Stocks Contribute Nearly 100 Points Year-To-Date: How Much Higher Can VN-Index Go?

The stock market VN-Index has recently recorded strong growth fueled by the Vingroup stock group, with four stocks VIC, VHM, VRE, and VPL contributing nearly 100 points year-to-date. Specifically, in the trading session on May 20th, this group helped VN-Index rise nearly 19 points. Since the beginning of the year, VIC has surged 125%, VHM by 57%, VRE over 47%, and VPL by nearly 40%. In total, these four stocks have added over 93 points to the index, while the VN-Index itself has only increased by nearly 50 points (~4%). The market capitalization of this group accounts for about 15% of the entire HoSE exchange, making them significantly impactful on the overall index.

Experts assert that the market still has room for growth, with the VN-Index potentially reaching between 1,900 and 2,000 points. According to one fund’s predictions, the long-term target for the VN-Index is 2,500 points. Notably, foreign investors have resumed net buying since early May, indicating a positive outlook for the market and the prospect of upcoming upgrades.