Son of billionaire buys 33.3 million HPG shares for over 800 billion dong as stock climbs

Today’s stock market session (April 14) saw “hot money” return to the steel stock group, with HPG and other steel sector names rising sharply. Tran Dinh Long, the son of the chairman of Hoa Phat Group (HPG), reportedly spent about 800 billion dong to buy 33.3 million HPG shares.

Steel stocks lead as capital flows return

The steel stock group rebounded strongly as funds flowed into the sector, lifting many shares to their daily ceiling. This marked one of the rarer instances in recent sessions where the materials sector became the main focus, drawing both domestic and foreign investors.

HPG stood out by maintaining a leadership position, gaining 2.7% to 28,550 dong per share. Liquidity also surged to nearly 62 million shares, well above the market average. Foreign investors returned to net buying strongly in HPG, suggesting that long-term confidence remains supported.

Other steel-related stocks such as HSG, NKG, TVN, and VGS also rose strongly, with many nearing the ceiling price and recording high trading volumes—signs that both speculative and investment capital were entering the market simultaneously.

VN-Index rises, then trims gains

The market continued to trend upward, though not without pressure. The VN-Index rose nearly 25 points at one stage before trimming gains and closing up 16.69 points to 1,775.65. The intraday pullback indicates profit-taking pressure as the index approached a near-term resistance area.

VinGroup stocks drive the index

The main driver behind the VN-Index’s rise was the VinGroup family of stocks. Large-cap support remained a key factor, particularly from VIC and VHM, which rose broadly and contributed substantially to the index’s gains.

In addition, other large names including DGC, HAG, and DBC traded positively, helping sustain overall market momentum.

Mixed sector performance and cautious liquidity

Despite the index advance, money flow during the session showed clear dispersion. The oil and gas group turned negative after earlier gains, while some bank and consumer stocks rose only mildly or remained mixed. Overall liquidity was nearly flat, reflecting cautious sentiment and reluctance to push into higher prices.

Foreign buying returns

A positive development was the return of foreign investors to net buying, with a value of nearly 200 billion dong. Foreign flows focused on blue-chip stocks including VIC, HPG, and MBB. While the buying was not large enough to trigger a clear breakout, it was described as a meaningful psychological signal amid recent volatility in capital flows.

Market close

• VN-Index: +16.69 points (+0.95%) to 1,775.65
• HNX-Index: +0.75 points (+0.30%) to 252.41
• UPCoM-Index: +0.65 points (+0.51%) to 128.35