With the announcement of the successful sale of 5% of Bach Hoa Xanh Investment and Technology capital to CDH Investments - an investment company from China, MWG increased sharply. VN-Index also closed at the highest level of the session.
MWG increased sharply, nearly 1,100 billion VND worth of shares were transferred
At the close of trading on April 9, MWG shares led the retail industry, increasing sharply by 5.6% to VND52,800, with 19.5 million units matched. Other codes such as PIT also increased by 4.8%; PET increased by 2.9%; DGW increased by 2.1%.
MWG contributed more than 1 point to the overall increase of VN-Index. Liquidity at MWG this session also skyrocketed compared to the average trading of more than 10 million shares/session in the past quarter. Including negotiated transactions, the total value of MWG shares transferred this session reached nearly 1,100 billion VND.
MWG is one of the stocks that has the strongest impact on VN-Index (Source: VNDS).
Shares of Nam Dinh tycoon Nguyen Duc Tai increased sharply in price in the context of Mobile World announcing that in April, Bach Hoa Xanh Investment and Technology Joint Stock Company, a subsidiary of Mobile World, completed the transaction of offering individual shares to investors.
The offered share ratio is 5% of the total issued shares of Bach Hoa Xanh Investment Company. With the positive cash flow and continuously improving business results of Bach Hoa Xanh, especially the goal of Bach Hoa Xanh starting to have after-tax profit at the company level from 2024, Bach Hoa Xanh Investment Company does not need to offer shares up to 20% as originally planned.
The partner receiving the shares in this deal is CDH Investments, an investment company from China.
The proceeds from the offering will be used to finance the general operating and business development needs of Bach Hoa Xanh Investment Company and Bach Hoa Xanh Trading Joint Stock Company, a subsidiary of Bach Hoa Xanh Investment Company.
The market suddenly "turned the wheel", rushing to buy stocks
The market on the afternoon of April 9 brought many surprises to investors. While some stocks showed signs of recovery in the morning session, while the general sentiment was still uncertain, the index suddenly accelerated. The VN-Index "stepped on the gas" and increased sharply by 12.47 points, equivalent to 1%, closing at the highest level of the session at 1,262.82 points, successfully reclaiming the 1,260 point mark.
This proves that selling pressure has been exhausted and the money that was on the sidelines in the afternoon session has entered the market more aggressively, accepting to chase many stocks when prices have increased sharply, even at ceiling prices.
Market breadth was completely tilted towards the upside. Green covered the market with 332 stocks increasing in price compared to 137 stocks decreasing on HoSE.
HNX-Index also increased by 2.28 points, equivalent to 0.96%; UPCoM-Index increased slightly by 0.04 points, equivalent to 0.05%.
High-market stocks such as financial services and banking stocks recovered quickly and strongly. LPB attracted attention when it hit the ceiling price of VND18,550, with more than 9.8 million shares matched and no sellers, with a ceiling price buy surplus at the end of the session of approximately 1.7 million units. Other large codes such as BID also increased by 3.7%; CTG increased by 2.2%; MBB increased by 2.1%.
Stocks with good price increases: VDS increased by 6.1%; FTS increased by 4.4%; CTS increased by 4.1%; AGR increased by 4%; VCI increased by 3.8%; VIX increased by 3.7%; BSI increased by 3%; HCM increased by 2.9%; ORS increased by 2.8%...
In the real estate group, QCG maintained its performance at the ceiling increase of VND13,150 until the end of the session; LEC increased by 6.7%; SZC, DIG, VRE, DXG, LHG, SCR, TDC, CRE, KBC; TEG, DXG, LDG, TLD all increased by 2% or more.
After a series of strong selling, POM has recovered spectacularly from the floor price of 3,510 VND to the ceiling price of 4,030 VND, with no sellers. Accordingly, investors who bought at the floor price had a "huge" profit with an amplitude of nearly 14% in just one trading session. Statistics show that 2.46 million shares were traded at the floor price and by the end of the session, POM was bought at the ceiling price of up to 1.49 million units.
Many investors happily boasted of "reaping fortune" at the beginning of the lunar month thanks to buying stocks at low prices during the session, temporarily recording significant profits.
Duong Chung (According to Dantri.com.vn on April 9)
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