Steel stocks diverge, billionaire Tran Dinh Long's assets are saved

(Dan Tri) - Steel stocks increased and decreased differently, in which HPG code of Hoa Phat increased by 2.76%. Billionaire Tran Dinh Long's assets on the stock exchange recovered compared to the end of last week, reaching over 43,000 billion VND.

At the end of today's trading session (February 11), steel industry stocks were strongly differentiated. Stocks that increased in price include HPG (Hoa Phat), NKG (Nam Kim), SMC (SMC Investment and Trade)...

On the other hand, stocks that decreased in price include HSG (Hoa Sen), TIS ( Thai Nguyen Iron and Steel), GDA (Ton Dong A Steel)... Some stocks that maintained their prices include TLH (Tien Len Steel), TVN (Vietnam Steel Corporation).

Steel stocks are divided in today's session (Photo: HPG).

Notably, HPG shares increased by 2.76% to VND26,100/unit. Trading volume was also in the top 3 of the market, at nearly 29 million shares. Foreign investors were the largest net buyers of this stock on the HoSE, with a net purchase value of nearly VND50 billion.

Yesterday, HPG shares fell 4.69%, causing Mr. Tran Dinh Long's assets - Chairman of Hoa Phat - to decrease by more than 2,000 billion VND compared to the end of last week, to 41,910 billion VND. Including his wife, children and other members, Mr. Long's family's assets on the stock exchange decreased by about 2,800 billion VND.

In today's session, when HPG shares recovered compared to yesterday, Mr. Long's asset value was about 43,065 billion VND, reaching nearly the level of last week.

Today is the second trading day after the market received news that US President Donald Trump announced that he will impose a 25% tax on all steel and aluminum imported into the US.

Experts say that Mr. Trump's tax policy does not have a big impact on Vietnamese businesses. The most affected group is galvanized steel, because of the large amount of exports to the US. For example, Dong A Steel exports to the US account for about 35%, Nam Kim accounts for about 25%, Hoa Sen accounts for 15%. Hoa Phat alone accounts for less than 5%.

Returning to the general market, VN-Index increased by 5.19 points to 1,268.45 points. HoSE and HNX were in green. VN30 index basket was the pillar of the market when it increased by 7.52 points.

The main index was strongly affected by leading stocks such as FPT, HPG and banking stocks including TCB,SHB , SSB, MBB, TPB. On the contrary, some stocks negatively affected the VN-Index such as MWG, GMD, SSI, PNJ, VCB...

Foreign investors continued to net sell today, net selling on HoSE alone was more than 580 billion VND. Of which, MWG was the most net sold (115 billion VND), VNM (97 billion VND), SSI (91 billion VND), GMD (89 billion VND).

Source: https://dantri.com.vn/kinh-doanh/co-phieu-thep-phan-hoa-tai-san-ty-phu-tran-dinh-long-duoc-cuu-van-20250211152818654.htm