VietNamNet Bridge - Tran Dinh Long continues to conquer new heights while Trinh Van Quyet remains in the first position on the list of the richest stock billionaires. 

Meanwhile, Ngo Chi Dung ‘swims against the current’ but Duong Cong Minh is encountering difficulties.

After a seven month boom, most of the shares which had impressive growth are now facing resistance thresholds. The pressure of profit taking caused the market to fall back and trading floors once again lit red.

However, the VN Index still rose for the fifth consecutive trading session thanks to the price increases of a series of blue chips, including Sabeco shares (SAB), Faros (ROS) of Trinh Van Quyet, Habeco (BHN), VP Bank (VPB) of Ngo Chi Dung and Hoa Phat Group (HPG) of Tran Dinh Long.

Quyet continues topping the list of the richest stock billionaires thanks to the continued price increase of ROS which has hit VND117,000 per share.

The billionaire now holds 318 million ROS which means his stock assets have reached VND38 trillion, or $1.7 billion.

After a seven month boom, most of the shares which had impressive growth are now facing resistance thresholds. The pressure of profit taking caused the market to fall back and trading floors once again lit red.

ROS always has very high liquidity. On September 6, ROS trading value accounted for 20 percent of the market liquidity. The figure is 13 percent so far this year, higher than that of nearly 1,000 other shares.

Analysts commented that the stock market has become busy recently partially thanks to the boom of ROS and FLC, both of which are Quyet’s businesses.

ROS made its debut on the stock market last year, but it has made a lot of records. With the high liquidity, the shares have been put into the baskets of investment funds and index calculation groups such as FTSE Vietnam ETF, V.N.M ETF, VN30 and MSCI Frontier Markets Index. 

ROS, a construction firm, has been thriving in a bustling real estate market, implementing construction works for all of FLC Group projects.

The stock market continues witnessing the strong rise of real estate, construction and building material shares, including HPG of Tran Dinh Long.

HPG price has climbed to an all-time record high of VND36,000 per share, thanks to which Long’s pocket has about $600 million.

He is now in the fourth position on the list of the richest stock billionaires and is likely to regain the third position which now belongs to Vietjet’s CEO Nguyen Thi Phuong Thao.

VPB of VP Bank has bounced back recently to VND39,000 per share. This has helped Ngo Chi Dung’s stock asset value increase to VND2.7 trillion. It is estimated that Dung and his family members now have $300 million worth of shares.

Meanwhile, Sacombank shares (STB) are still meeting difficulties and its price remains at VND12,000 per share, though it has a new company chair – Duong Cong Minh.

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