SGGPO
Investors expected the stock market to bounce back after the news that the State Bank cut interest rates for the third time like the previous two times, but VN-Index dropped again. In which, banking codes dropped sharply and put pressure on the index.
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| Banking stocks "red on fire" after the news of interest rate reduction |
The stock market in the trading session on May 25, right from the opening session, appeared in red before the cautious trading of investors.
Notably, after the news of interest rate reduction, banking stocks dropped sharply such as: TCB down 1,81%, STB down 1,97%, VIB down 1,41%, LPB down 1,07 %, MSB decreased by 1,23%… Particularly, securities stocks were divided. Many stocks gained quite well such as BSI hitting the ceiling price, FTS up 5,76%, CTS up 6,15%, ORS up 3,31% but SSI down 0,66%, VND down 2,13%, HCM down 1,31 ,thirty first%…
While banking stocks were "red in fire", real estate and industrial park stocks attracted cash flow, causing many real estate stocks to increase strongly. For example: ITA increased to the limit, VHM increased by 1,49%, DIG increased by 1,21%, HHV increased by 1,45%, CII increased by 2,46%, LCG increased by 3,09%, KHG increased by 3,62%, TIP up 2,01%…
Closing the session, VN-Index dropped 4,06 points (0,38%) to 1.061,79 points with 215 losers, 168 gainers and 55 standstill stocks. Closing the session on HNX, HNX-Index increased slightly by 0,17 points (0,08%) and stood at 215,96 points with 78 gainers, 87 decliners and 68 unchanged stocks. Market liquidity remained at a good level with the total trading value on the two official exchanges about 2 billion dong.
In this session, foreign investors continued to be strong net sellers with nearly 570 billion dong on HoSE.
Regarding the trading of FLC shares, on May 24, the Hanoi Stock Exchange (HNX) informed that FLC shares continued to be suspended from trading.
Previously, on May 22, HNX issued Decision No. 5/QD-SGDHN on the introduction of restricted trading for FLC shares of FLC Group Joint Stock Company from May 473, the reason was The transaction registration organization is late to submit its audited 25 financial statements more than 5 days after the expiration of the time limit for disclosure of information as prescribed. At the same time, FLC shares are still being suspended from trading according to the decision No. 2022/QD-SGDHN dated February 45, 79 of the Hanoi Stock Exchange. Therefore, HNX said that FLC shares continued to be suspended from trading.
According to FLC Group Joint Stock Company, the enterprise has more than 64.700 shareholders. Previously, in order to protect investors' interests, the Ho Chi Minh City Stock Exchange (HoSE) decided to cancel the listing of nearly 710 million shares of FLC Group on HoSE from February 20, 2. After that, the Vietnam Securities Depository Center transferred the registration and depository data of FLC shares to the UPCOM market from February 2023, 22.
