Top 10 best-performing stocks in Vietnamese market 2021
Illustrative image (Photo: VNA)
As of December 30, five out of the best growth stocks in Vietnam have seen increases of more than 1,000 percent in value, with one even reaching an over 2,000 percent rise.
The top-performing stock was ATA of Ntaco JSC with a value surge of 2,050 percent. It is being traded on the Unlisted Public Company Market (UpCoM) with total capitalisation worth more than 50 billion VND (2.19 million USD). From just 200 VND per unit at the beginning of 2021, ATA is now being traded at 4,300 VND per unit. Its value peaked on November 1 at 5,400 VND per unit.
However, there has been no transaction or if any, of small volume of the stock on the market.
ATA is followed by TGG of Louis Capital JSC (1,600 percent), PTO of Post And Telecommunication Services Construction Work Joint Stock Company (1,162 percent), RGC of PV - Inconess Investment Joint Stock Company (1,153 percent), NOS of Oriental Shipping and Trading JSC, LIC of LICOGI Corporation (1,100 percent), TNT of TNT Group JSC, LCM of Lao Cai Mineral Exploitation & Processing JSC, CMS of Construction and Manpower JSC, and KHB of Hoa Binh Minerals Joint Stock Company.
It is noteworthy that the consecutive surge of TGG and other stocks related to the Louis Holdings in August and September has triggered concern of investors. The State Securities Commission sent an inspection team to work with Louis Holdings in early October on the abnormal developments of those stocks.
The stock market has set records in terms of scores, liquidity and the number of new accounts this year, as investors have seen it as a shelter amid complex developments of the COVID-19 pandemic.
Mirae Asset Securities (MAS) said in 2021, the VN-Index has successfully surpassed the 1,200 point mark and conquered the 1,500 point threshold, despite the economy experiencing two consecutive pandemic outbreaks.
Banking, real estate, materials, basic construction, financial services were the market leaders, contributing 31 percent, 23 percent, 15 percent, 10 percent, and 8 percent, respectively, to the growth of VN-Index.
The firm reported that by the end of November 2021, VN-Index increased by nearly 34 percent compared to 2020 and was named among the markets with the highest profitability in the world./.
Related News
Vietnamese, Brazilian firms asked to work together to raise trade to 10 billion USD
14:12 | 25/09/2023 Headlines
Expert: Vietnamese economy to continue growth track
16:01 | 29/08/2023 Import-Export
Vietnamese, Singaporean PMs attends investment promotion conference
15:59 | 29/08/2023 Headlines
Vietnamese goods to better penetrate UK market
15:43 | 20/07/2023 Import-Export
Latest News
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
More News
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
IASB recommends Vietnam prepare infrastructure to apply IFRS
09:57 | 16/04/2024 Finance
Strong decentralization for ministries, branches and localities to manage and use electricity projects
10:50 | 15/04/2024 Finance
The Tax sector’s revenue collection reached 33% of current appropriation
10:50 | 15/04/2024 Finance
Savings interest rates begin rising amid slowing bank deposits
17:58 | 14/04/2024 Finance
Ministry of Finance conducts general verification of public assets
17:07 | 14/04/2024 Finance
Your care
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance