On July 4, API shares of Asia- Pacific Investment Corporation suddenly increased to the ceiling price of 7,500 VND/share. APS shares of Asia- Pacific Securities Corporation and IDJ shares of IDJ Vietnam Investment Corporation also approached the ceiling price at times. These are the 3 Apec "family" stocks involved in the stock manipulation case that has just been prosecuted by the Investigation Security Agency - Hanoi City Police.
At the end of the session, API maintained its ceiling price with nearly 2.9 million shares traded; APS increased by 6.33% to VND8,400 with nearly 11.8 million shares traded and IDJ increased by 2.74% to VND7,500 with record liquidity of more than 18.6 million shares.
3 Apec stocks were successfully rescued
A session earlier, cash flow unexpectedly poured in to buy more than 11.5 million API shares. However, the price of this stock has not been able to escape the floor. Similarly, APS shares had more than 7.25 million units traded and IDJ had more than 10.8 million shares traded. However, all three of these stocks have not been successfully rescued as they continued to record their 6th consecutive floor-drop session. The trading volume of all three Apec "family" stocks is considered a record while in previous floor-drop sessions, only a few tens of thousands to about 300,000 units were matched.
Despite the increase, after hitting the floor for 6 consecutive sessions, all 3 Apec stocks are still down more than 40 - 50%. In the explanation document after 5 consecutive sessions of hitting the floor, IDJ said that the continuous floor drop of stocks is due to supply and demand in the stock market and the company's business operations are still going on normally. The company is committed to always complying with legal regulations for public companies.
After the stock manipulation case was announced, many securities companies have removed these stocks from their margin lending portfolios since the end of June. All three companies also simultaneously replaced their Board of Directors Chairman and several key leaders after several individuals were prosecuted and temporarily detained.
Source: https://thanhnien.vn/3-co-phieu-ho-apec-duoc-giai-cuu-thanh-cong-185230704143245909.htm
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