Foreign fund Dragon Capital 'dumped' nearly 2 million Mobile World shares

In the first months of the year, the group of foreign investors (foreign blocks) continuously maintained net selling sessions. The selling volume focused on technology, banking and real estate stocks. On the contrary, the group of retail stocks, typically Mobile World (MWG), was bought in large quantities.

Foreign fund Dragon Capital "dumped" nearly 2 million Mobile World (MWG) shares (Photo TL)

Recently, the foreign fund group Dragon Capital made a transaction against the trend when it "dumped" nearly 2 million MWG shares of Mobile World Investment Corporation in the session of July 30.

After this transaction, the number of MWG shares held by Dragon Capital decreased from 118.1 million units (8.07% of charter capital) to 116.1 million shares (7.94% of charter capital).

Transactions taking place in Dragon Capital's member funds include: Ware Group Limited selling 1.1 million units, Norges Bank selling 800,000 units and KB Vietnam Focus Balanced Fund selling 60,000 units.

Also in the same trading session, MWG shares recorded a total volume of 2,586,000 units, equivalent to a value of nearly VND 161 billion.

Regarding business results, in the second quarter, Mobile World recorded consolidated revenue of VND 34,134.1 billion. Profit after tax reached VND 1,172.4 billion, a sharp increase over the same period.

Source: https://www.congluan.vn/quy-ngoai-dragon-capital-xa-ban-gan-2-trieu-co-phieu-the-gioi-di-dong-post306032.html