Dividend payment of 84%, stock of a plastic company fluctuates strongly

The market absorbed a significant amount of shares sold, helping the transaction value reach VND15,056 billion, an increase of more than VND4,000 billion compared to the previous session.

During the trading session on April 10, many investors tended to take profits on stocks that had increased in price recently.

In particular, in the afternoon session, selling pressure increased in large-cap stocks such as VCB,ACB , VNM, VIC, VHM, SAB, HPG, MSN... creating pressure on the whole market. Investors were worried about losing profits so they rushed to sell stocks, real estate, public investment, construction materials, oil and gas...

The overwhelming selling pressure caused the VN-Index on the HoSE to close the session down 4.3 points (-0.4%) to 1,065 points; the VN30-Index fell 1.4 points (-0.1%), creating pressure on the market. This group had up to 20 codes falling in price from 0.2% to 2.3%.

On the contrary, the HNX-Index was not affected by large stocks so it still increased by 0.4 points to 212 points. The UPCoM floor decreased by 0.1 points to 77.9 points.

Although the selling pressure was strong, it was still absorbed by the buyers, the stocks that decreased in price dominated but the decrease was not large. This was shown through the successful matching volume on the HoSE floor reaching 857 million shares, the transaction value reached 15,056 billion VND, an increase of more than 4,000 billion VND compared to the previous session.

Stock codes that had a negative impact on the VN-Index were VCB, BID, VIC...; on the contrary, MWG, TCB, KBC... increased in price, helping the index narrow its decline. As a result, the entire HoSE had 173 codes increasing in price and 215 codes decreasing.

According to VCBS Securities Company, the decrease in VN-Index along with significantly increased liquidity shows that investors are in a short-term profit-taking mood and show no signs of slowing down.

One of the notable points of today's stock trading session is that BMP shares of Binh Minh Plastic Company continued the upward trend from many previous sessions, but near the end of the session on April 10, they were sold at a low price.

In the last 7 trading sessions, BMP has had 6 consecutive sessions of price increase, from 58,000 VND to 62,700 VND/share (price on April 7). On April 10, BMP stock price reached 64,000 VND but was then sold for profit, so by the end of the session it dropped to 62,200 VND/share.

Some securities companies said that recently, many investors are interested in BMP shares. when Binh Minh Plastic Company plans to use almost all of its 2022 profits to pay dividends at a rate of 84% in cash.

Accordingly, at the 2023 annual general meeting of shareholders to be held on April 28, BMP will submit to shareholders for approval a profit distribution plan, including cash dividend payment at a rate of 84%/par value (VND 8,400/share).

Source: https://nld.com.vn/kinh-te/co-phieu-bat-dong-san-thep-bi-ban-manh-20230410164257493.htm