A stock suddenly skyrocketed to the highest level on the stock exchange.

This morning (June 28), XDC shares continued to increase by 150,000 VND, bringing the price to 882,100 VND and becoming the highest priced stock on the stock exchange. XDC shares also surpassed VNZ code of VNG Corporation, currently at 728,000 VND - which has held the top price position on the exchange since the beginning of the year.

XDC's series of ceiling price increases has started since May 8. Thanks to the large trading margin of 15% on UPCoM, XDC's stock price has increased rapidly from VND18,000 to nearly VND900,000, recording a record increase of 42.6 times in less than 2 months.

XDC code suddenly increased continuously, becoming the most expensive stock on the stock exchange

However, just like what happened with many stocks on the UPCoM floor or with the VNZ code earlier this year, XDC's liquidity is extremely low. Each session, this stock only matches 100 - 200 units and very rarely reaches 1,000 units. The reason is that the number of shares circulating outside of this company is too small.

XDC shares have been traded on UPCoM since December 1, 2022 with only 8,200 shares registered for trading. The reference price on the first trading day was VND 15,500/share. This is the number of shares that were successfully auctioned out of a total of nearly 3.28 million shares offered for public auction in October 2022. Almost no investors have paid attention to this stock, even when it started trading on UPCoM.

Tan Cang Construction Company Limited has not yet been equitized. The predecessor is a Naval Engineering unit and 100% of the charter capital is owned by Tan Cang Saigon Corporation. This is an enterprise operating in the field of construction, repair of hydraulic works; dredging of river ports, sea ports and leasing of shore cranes in localities such as Quang Nam , Khanh Hoa, Ba Ria-Vung Tau, Ho Chi Minh City...

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