Market trends seem to be changing as “new winds” are blowing into the technology and telecommunications industry. As a result, technology stocks are the focus of investment in the global stock market and Vietnam is no exception.
Along with the recovery of VN-Index, a series of technology stocks "led each other" to rise strongly. From the big pillars in the industry to a series of stocks of smaller enterprises, all reached the "top".
Race to the top of history
The most prominent is the “growth machine” FPT of FPT Corporation. With the closing price on June 7 at 142,000 VND/share, FPT stock continues to conquer new peaks.
Since the beginning of the year, FPT shares have broken the peak more than 25 times, recording an increase of about 40%. If calculated over the past year, FPT shares' market price has doubled. The increase in stock prices has pushed FPT's market capitalization to a new record of nearly 176,700 billion VND (7.3 billion USD), an increase of 54,600 billion compared to the beginning of the year and becoming the 5th largest capitalized enterprise on the market.
Technology stocks are in the spotlight on the stock market.
Not to be outdone, CMG shares of CMC Technology Group are also a “bright star” as they continuously conquer new peaks at VND67,400/share (session 7/6). CMC’s market capitalization also set a record, reaching about VND13,046 billion, an increase of more than VND71% compared to a year ago and 5 times higher than when it was first listed.
Not only FPT and CMG, a series of other technology stocks, such as those belonging to the "FPT family" and "Viettel family", are also trading actively and are at their highest prices ever.
Specifically, a stock in the “FPT family”, FOX of FPT Telecom Joint Stock Company (FPT Telecom), has increased by about 85% in value compared to mid-April 2024. At the current price of VND 106,900/share, FPT Telecom's capitalization reaches more than VND 52,600 billion. This is the next stock in the FPT group to join the “three-digit club” on the stock exchange, after FPT and FRT of FPT Retail.
Similarly, a “Viettel family” stock, VGI of Viettel Global Investment Corporation, is also trading at its historical peak of around VND90,000/share. Compared to the end of April, VGI’s market price has increased by 40%, and increased by about 220% after 3 months.
Viettel Global's market capitalization also increased to VND 275,465 billion (over USD 11 billion), significantly higher than the VND 192,400 billion (USD 7.9 billion) at the beginning of 2024. With more than USD 11 billion in capitalization, Viettel Global surpassed a series of "names" such as Vingroup, Vinhomes, Hoa Phat, Vinamilk, FPT, PV Gas and many banks, to "sit" in the 3rd position in the list of largest companies in the Vietnamese stock market. Viettel Global's value is currently only behind Vietcombank and BIDV.
Not only stocks of large technology companies, cash flow has spread quite widely to small and medium-sized stocks in this group. For example, TTN stock of Vietnam Technology and Communications Corporation (VNTT, code: TTN) has just had a series of price increases, including 2 consecutive ceiling sessions to 19,500 VND/share.
TTN's impressive growth started in March, with an increase of more than 100% after only 3 months. Although the price has increased rapidly, this stock is still "sold out" with a ceiling price purchase surplus of nearly 900 thousand units in the session on June 5.
Notably, although VNTT's scale is still very modest compared to the "big guys" in the same industry, the stock's surge has also doubled the company's market capitalization in just a few months, to 613 billion VND.
Source: VnBusiness
