Stocks of 2 "big guys" skyrocketed after news of State capital divestment

(Dan Tri) - Shares of Thuong Dinh Shoes and VTC Telecom increased to the ceiling for 12 consecutive sessions when there was information that the State shareholder was divesting capital.

At the end of the year, many state-owned enterprises announced information or registered to auction off shares of capital contributions in companies to ensure the completion of approved restructuring plans and capital structure projects.

Of which, Vietnam Posts and Telecommunications Group ( VNPT ) registered to sell all of more than 2 million VTC shares, equivalent to 46.73% of charter capital at VTC Telecommunication Joint Stock Company (VTC Telecom, stock code: VTC).

Workers check products before packaging (Photo: GTD).

Or the Hanoi People's Committee announced the plan to auction nearly 6.4 million GTD shares of Thuong Dinh Shoe Joint Stock Company. The starting price is 20,500 VND/share, the total minimum value is more than 131 billion VND, expected to be held on December 16, for investors who are economic organizations, social organizations and individuals at home and abroad.

Both stocks have shown positive developments around the news of divestment. GTD code recorded 12 consecutive ceiling price sessions from November 19 to VND59,400/share on December 4. The increase was recorded as 5 times during that time.

The company has had to send two consecutive explanations to the management agency about the stock price increase. According to this content, the company's production and business activities are still going on normally, no unusual factors are recorded. The sharp increase in stock price is a natural development based on market supply and demand. The company said it did not participate in influencing the transaction, affecting the stock price.

Similarly, from November 18th to now, VTC shares have also increased to the ceiling for 12 consecutive sessions. The market price reached 24,700 VND/share, 3 times higher than before the increase. Liquidity during this period also skyrocketed to tens of thousands of shares per session, much higher than the level of several hundred shares/day.

Explaining the reason for the sharp price increase, the company said it was due to objective developments in the supply and demand of the stock market. The decisions to buy and sell VTC shares were entirely made by investors themselves. The company's production and business activities continued normally, without any unusual changes or fluctuations that significantly affected its financial situation and production and business activities.

Source: https://dantri.com.vn/kinh-doanh/co-phieu-2-ong-lon-tang-bung-noc-sau-tin-nha-nuoc-thoai-von-20251205065220268.htm