According to information just announced by Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII), the 2023 Extraordinary General Meeting of Shareholders (EGM) will be held on January 31. The list of shareholders will be finalized on December 25, 2023.

In particular, shareholders attending the 2023 Extraordinary General Meeting of Shareholders will receive a cash gift via bank transfer depending on the number of shares owned. Shareholders can attend in person or by proxy.

Money will be transferred to the shareholder's account within 24 hours after the organizer receives the confirmation message/email of attendance or authorization to attend.

This is not the first time CII has used cash to attract shareholders. Last year, the company used this trick but shareholders still did not show up in full. The company had to hold a second meeting to be successful.

At this meeting, CII will present to shareholders for discussion and approval the adjustment of some indicators in the convertible bond issuance plan (package 1 and 2) approved by the Annual General Meeting of Shareholders from May 2023. CII plans to issue VND 4,500 billion in convertible bonds.

Listed company news

The stock market has a number of other important events of listed companies.

* OGC : Ocean Group Corporation announced personnel changes with 4 resignations from senior leaders, including: Ms. Pham Thi Hong Nhung, member of the Board of Directors and General Director; Ms. Tran Thi Ngoc Bich, independent member of the Board of Directors; Ms. Nguyen Thi Thanh Huong, member of the Board of Directors; Mr. Pham Trung Hieu, Head of the Supervisory Board. OGC appointed Mr. Pham Hung Viet as General Director as legal representative.

* VIB : On January 22, Vietnam International Bank closed the right to pay cash dividend at a rate of 6%. Shareholders owning 1 share will receive 600 VND. The expected dividend payment date is February 21.

* CTR : January 18 is the transaction date without the right to receive the remaining dividend of 2022 of Viettel Construction Joint Stock Corporation. Accordingly, the dividend will be paid in cash at a rate of 19.19%, payment starting from February 6.

* VNC : Mr. Phan Van Hung, member of the Board of Directors of Vinacontrol Group Corporation, registered to buy 3.15 million shares via off-system transactions. Mr. Hung is holding more than 10,900 shares, accounting for 0.1%.

* SGN : AMERICA LLC, a major shareholder of Saigon Ground Services Corporation, bought more than 256,000 shares on January 8. This organization is holding more than 4.77 million shares, accounting for 14.24%.

* DXP : Tratimex P&L JSC, a major shareholder, an organization related to Mr. Hoang Van Quang, Vice Chairman of the Board of Directors of Doan Xa Port JSC, registered to sell all of its more than 3.24 million shares. The transaction is expected to take place from January 11 to February 9 by negotiation and order matching.

* TDM : Mr. Nguyen Van Tri, Chairman of the Board of Directors of Thu Dau Mot Water Joint Stock Company, registered to sell all 600,000 shares. The transaction is expected to take place from January 15 to February 7 by negotiation and order matching.

* TNC : Mr. Le Trung Duc, member of the Board of Directors of Thong Nhat Rubber JSC, sold more than 351,000 shares on January 3 by negotiation.

* MWG : Mr. Nguyen Duc Tai, Chairman of the Board of Directors of Mobile World Investment Corporation, was only able to buy 200,000 shares out of a total of 500,000 shares, registered to buy from December 12, 2023 to January 10, by order matching method. After the transaction, Mr. Tai holds more than 35.43 million shares, accounting for 2.422%.

VN-Index

At the end of the session on January 10, VN-Index increased by 2.95 points (+0.25%) to 1,161.54 points. Total trading volume reached more than 992.76 million units, worth VND 20,756.28 billion.

HNX-Index decreased 1.09 points (-0.47%) to 231.41 points. Total matched volume reached 88.7 million units, worth VND1,794.6 billion.

UpCoM-Index decreased 0.58 points (-0.66%) to 87.15 points. Total matched volume reached 34.2 million units, worth 473.4 billion VND.

Market commentary, Vietcombank Securities believes that large cash flows are still pouring into the banking sector, while on the contrary, short-term profit-taking is also quite strong, causing some stocks to be unable to maintain high prices after reaching peaks during the session.

From a technical perspective, the VN-Index had a slight increase but clearly showed a tug-of-war. The market's upward momentum is gradually slowing down and correcting in the short term.

Investors should stay close to the market if short-term selling pressure continues to increase sharply in mid- and small-cap stocks. This will be a good opportunity to disburse for stocks that are still in a medium-term uptrend in sectors such as securities and real estate.
According to Vietnam Construction (CSI), VN-Index is shaking at the expected resistance level of 1,165 points and this shaking period is likely not over yet.

CSI maintains the view of persistently holding the portfolio, waiting for market fluctuations and increasing the proportion of stocks in profitable codes when the VN-Index adjusts to the 1,130-1,137 point range.