Breakthrough of UPCoM market

Index and liquidity break out strongly

In July 2025, UPCoM (Unlisted Public Company Market – the market for public companies not listed on HOSE or HNX) witnessed remarkable growth. The UPCoM-Index – a measure of stock price fluctuations on the floor – increased by 4.75 points compared to the end of June, reaching 105.59 points on July 31.

Liquidity increased with average trading volume reaching 90.52 million shares/session, up 71% compared to the previous month. Average trading value reached VND1,504.83 billion/session, up nearly 92%.

In the group of stocks with the highest liquidity, ABB of An Binh Commercial Joint Stock Bank led the way with more than 28.34 million shares matched, accounting for 13.61% of the total market. Next were HNG of Hoang Anh Gia Lai International Agriculture Joint Stock Company and BVB of Ban Viet Commercial Joint Stock Bank, each with more than 8.3 million shares, accounting for 3.99% and 3.98%, respectively. The remaining two stocks in the top 5 were SBS (Saigon Thuong Tin Commercial Joint Stock Bank Securities) and VGT (Vietnam Textile and Garment Group) with liquidity ratios of 2.68% and 2.65%.

Regarding price fluctuations, NS2 (Hanoi Clean Water Joint Stock Company No. 2) increased the most, from VND15,600 to VND39,000/share, equivalent to 150%. MCG (Vietnam Mechanical and Electrical Construction Joint Stock Company) increased by 105% and VE9 (VNECO 9 Electrical Construction Joint Stock Company) increased by 100%. In addition, DNN (Da Nang Water Supply Joint Stock Company) and TAB (Binh Dinh Pharmaceutical - Medical Equipment Joint Stock Company) increased by 100% and 82.9%, respectively.

Foreign investors (foreign blocks) continued to net sell - that is, sell more than buy - with a value of 743 billion VND, up 78% compared to June. The total trading value of this block reached more than 2,200 billion VND, including 729 billion VND of buying and 1,472 billion VND of selling.

Opportunities and risks go hand in hand

Securities investment activities of the securities company itself reached a scale of VND567 billion, up 10%. Of which, VND389 billion was bought and more than VND177 billion was sold, recording a net purchase of more than VND211 billion, 5 times higher than last month. Leading this group is TSJ (Hanoi Tourism Services JSC) with VND86 billion, accounting for 15% of the scale. Code VGR (Vietnam Infrastructure and Real Estate Development Corporation) reached nearly VND180 billion, all of which were bought. ACV (Vietnam Airports Corporation) reached VND106 billion.

In July, UPCoM welcomed 5 new enterprises and 4 enterprises canceled their trading registration. As of July 31, 2025, the entire floor had 887 enterprises, with an average capitalization value (total market value of outstanding shares) of VND 1,427 trillion, up 0.74% compared to the previous month.

With the growth momentum in both index and liquidity, UPCoM continues to attract the attention of investors. The presence of many stocks with strong price increases shows significant profit opportunities, but also requires investors to be cautious in the context of rapid market fluctuations.

Mr. Minh

Source: https://baochinhphu.vn/but-pha-cua-thi-truong-upcom-102250813161118715.htm