HPG shares fluctuate strongly, will Mr. Tran Dinh Long's assets be affected?

Closing the session on May 12, VN-Index increased by 15.96 points, equivalent to 1.26%, to 1,283.26 points. VN30-Index increased by 19.79 points; HNX-Index increased by 1.91 points and UPCoM-Index increased by 0.19 points.

Hoa Phat 's HPG shares were the most negatively impacted on the VN-Index today. In this morning's trading session, HPG shares were traded with a sudden volume of nearly 45 million units. Strong selling pressure caused this stock to fall 2.4% to VND25,050/share.

At the end of the session, HPG shares recovered to VND25,400/share and recorded a trading volume of more than 64.7 million units.

Previously, information spread on the market about a fire believed to be at a factory in the Hoa Phat Dung Quat Iron and Steel Complex, Quang Ngai province.

Sharing with Dan Tri reporter, a representative of Hoa Phat Group said that last week, blast furnace No. 1 of Hoa Phat's Dung Quat 1 steel plant had a leak of molten iron. According to the company, this is a normal incident in production and Hoa Phat estimates that the downtime for repairs will be about 1-2 weeks.

Billionaire Tran Dinh Long - Chairman of the Board of Directors of Hoa Phat Group (Photo: HPG).

The strong fluctuations of HPG shares also affected the assets of billionaire Tran Dinh Long - Chairman of the Board of Directors of Hoa Phat Group. Specifically, the assets of "steel king" Tran Dinh Long decreased by 22 million USD, down to 2.1 billion USD, according to an update from Forbes.

Market liquidity improved compared to last weekend with matched order value reaching over VND21,640 billion. The board was strongly diversified with 196 stocks increasing, 4 stocks hitting the ceiling, 59 stocks remaining unchanged and 111 stocks decreasing.

Notably, Techcombank's TCB stock had the most positive impact on the general index, with an increase of 6.52% to VND29,400/share. Following that, VIC, FPT, VCB, MBB, ACB , TPB... stocks also had a positive impact on the market.

Foreign investors sold heavily VCB, HPG, STB, VHM, MSN, VCI... On the contrary, foreign investors bought FPT, PNJ, VHM, NLG, DXG...

Source: https://dantri.com.vn/kinh-doanh/co-phieu-hpg-bien-dong-manh-tai-san-ong-tran-dinh-long-co-bi-anh-huong-20250512161112124.htm