Vietnam Airlines' HVN shares hit the floor due to trading restrictions

SGGPO 07/06/2023 16:48

VND and HVN were sold off strongly during the session, causing HVN to hit the floor. VND, although it escaped the floor at the close of the session, still fell by 6.5%.

VND and HVN were sold off and fell sharply.

The Vietnamese stock market in the trading session on July 6 was submerged in red under strong selling pressure from investors. Foreign investors also continued to net sell nearly 314 billion VND on the HOSE floor.

One of the reasons that negatively affected the market and caused the decline to spread was that VND shares (VNDirect Securities Company) were sold off with a record high of nearly 106 million units, causing this stock to hit the floor at times. Although at the end of the session, VND escaped the floor, it still decreased by 6.5% to 18,050 VND/share.

In addition, HVN shares ( Vietnam Airlines Corporation) were also sold off by investors, so at the end of the session, they dropped to the floor price of VND 13,300/share and there were no buyers. The reason is that HOSE has just decided to transfer HVN shares from the controlled category to the restricted trading category from July 12, 2023 because Vietnam Airlines was 45 days late in submitting its audited financial statements for 2022 compared to the prescribed deadline.

Large banking stocks also fell sharply from 1 to nearly 3%, contributing to the sharp decline in VN-Index, including VCB, VPB, STB, MBB, TCB, VIB, ACB , HDB...

Many construction and real estate stocks also decreased from 2-6% such as: PDR, DIG, NLG, CII, QCG, EVG, TGG, LGL, HPX, CIG, PTL, TTB...

In addition to VND, many other securities stocks were also in red. However, a few rare securities stocks still maintained green color such as SSI, VCI, MBS, HCM, BSI... in which VCI increased by 2.4%.

At the end of the trading session, VN-Index decreased by 8.4 points (0.74%) to 1,126 points with 339 stocks decreasing, 94 stocks increasing and 75 stocks remaining unchanged.

At the end of the session at Hanoi Stock Exchange, HNX-Index also decreased by 2.76 points (1.21%) with 138 stocks decreasing, 44 stocks increasing and 150 stocks remaining unchanged.

Market liquidity increased sharply with total transaction value across the market reaching nearly VND 21,190 billion.

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