Vinpearl Corporation's Initial Public Offering (IPO) on HoSE propels VPL, boosting Vietnam's Index beyond 1,290 points.
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Riding on Vinpearl's Debut, Vietnamese Stock Market Soars!
HANOI, VIETNAM - The Vietnamese stock market riding high, thanks to the grand entrance of Vinpearl JSC (VPL) on the Hṓchí Minh Stock Exchange (HoSE)! This bad boy hit the daily limit and led the entire market on its debut day.
Vinpearl's Triumphant Debut
Vinpearl JSC, a subsidiary of the powerful Vingroup, made its debut on the 13th of May, 2025. The reference price was VND 71,300 per share, but it bolted to the ceiling price of VND 85,500 on its very first day! Such a monumental increase skyrocketed Vinpearl's market capitalization beyond VND 150,000 billion, propelling it into the list of the top ten most valuable companies on the exchange1.
The Market's Unstoppable Uptrend
With VPL pumping up the market, the VN-Index barreled above the 1,290-point level. Market liquidity improved slightly, and foreign traders kept loading up on shares. By the closing bell, the VN-Index had shot up 10.17 points, or 0.79 per cent, to 1,293.43 points. The market remained bullish, with 205 winners stealing the limelight from 106 losers2.
Total trading value on HoSE reached a staggering VND 23.5 trillion (around US$905.5 million), with over 942 million shares changing hands2. The VN30-Index, which tracks the 30 largest listed stocks, gained 10.74 points, or 0.78 per cent, to finish at 1,382.782. Among the VN30 constituents, an impressive 20 stocks surged, 9 declined, and one held tight2.
Vinpearl's Dominating Impact
While other 'Vin' stocks edged up or dipped, Vinpearl's monstrous performance was the crowning glory. Although VIC eked out a 0.25 per cent gain, VHM and VRE slumped 0.48 and 0.39 per cent respectively, VPL's gain was enough to bestow more than seven points to the VN-Index, which managed a 10-point overall surge2.
VPL witnessed mere three transactions during the morning session, totalling just 4,800 shares. Nevertheless, the ceiling-price buy orders lingered near 1.44 million shares2. With a market cap exceeding VND 153.3 trillion, VPL is now the ninth-largest listed company on HoSE and is readying to become a powerhouse of the benchmark index2.
Analysts' Two Cents
Experts from Saigon - Hanoi Securities (SHS) believe that the VN-Index is perched at the start of an accumulation phase around the 1,260-point area, which matches the 200-day moving average. The 1,300-point level remains a formidable psychological and technical resistance, recalling the turbulence that struck the market following the tariff announcement2. The overall market sentiment and trend continue to swim upwards, fueled by large-cap stocks in the VN30 group2.
A corner of Vinpearl Hòn Tre in Nha Trang City, Khánh Hòa Province. Vinpearl's VPL shares officially debuted on the HoSE on Tuesday, hitting the daily limit and leading the entire market. - VNA/VNS Photo
Even though plenty of stocks are fairly priced based on fundamentals, and numerous short-term opportunities await, the index's return to its pre-tariff announcement range dulls the appeal for fresh investments2. "Investors holding high allocations may consider temporary portfolio adjustments as the VN-Index inches closer to the 1,300-point resistance level," SHS advises2.
Investment Advice
Investors are strongly encouraged to keep a balanced portfolio and put faith in stocks with robust fundamentals, leading positions in critical sectors, and promising growth trends that align with Vietnam's economic trajectory2.
- As the digitally transforming tourism industry increasingly merges with finance, AI could play a significant role in analyzing stock market trends and predicting the performance of companies like Vinpearl, whose stocks soared after their debut.
- Despite the unstoppable uptrend in the Vietnamese stock market, some experts worry about the potential impact of AI on various industries in the future, particularly finance, as the line between traditional and technology-based sectors continues to blur.
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