The pressure of profit-taking has put VN-Index under quite strong adjustment pressure in this morning’s trading session (December 6). The index at one point fell below the threshold of 1,070 points before pausing at 1,077.59 points, recording a loss of 16.08 points, equivalent to 1.47%. VN30-Index decreased 21.54 points, equivalent to 1.94% to 1,089.4 points.
In the VN30 basket, there are up to 28 codes stocks decreased in price and only 1 code increased The number of stocks increasing in price on HoSE is nearly 3 times higher (307 codes decreased and 133 codes increased). This is a relatively understandable development because VN-Index has had a series of very strong increases since the bottom during the past 2 weeks for many stocks. gave profits of dozens or even hundreds of percent.
On the HNX, although there were 104 codes decreasing and 55 codes increasing, the HNX-Index still increased slightly by 0 38 points, respectively 0 17 % increased to 220 34 points; UPCoM-Index decreased 0 62 points, equivalent to 0 85% to 72 62 points.
Market liquidity this morning was high, showing that Although the pressure to take profits is strong, the participation of cash flow is also significant. The total trading volume in the morning session on HoSE amounted to 692,97 million shares, corresponding to a transaction value that jumped to 11,029,66 billion VND.
If real estate stocks are a “hot-rising” group, “In this recovery, this is also the group that is under the strongest selling pressure this morning. HPX decreased by 6 8%; LGL fell to the floor. NVL decreased by 6.8%; DXS decreased 6 7%; HTN decreased by 6 7%; DXG decreased 5 3%; VRE decreased by 4 9%; KHG decreased by 4 4%; SCR decreased by 4 3%.
Basic resources stocks were also adjusted quite strongly. SVT decreased 6 1%; SMC decreased by 3 5%; NKG decreased by 3 4%; KSB decreased by 3 1% HPG decreased by 3%. Banking stocks, except for LPB and HDB, increased in price while TCB also dropped sharply by 4.7%; BID decreased by 3 8%; STB decreased 3 6%; EIB decreased by 3 2%; CTG decreased by 2 6%. Industry stocks finance recorded a decline in some codes such as BSI down 4%; VIX dropped 3 7%; HCM decreased by 36%; TVB decreased by 3%; APG decreased by 2 8%.
However, all market developments seem to have no impact on the rapid increase of L14 – the stock code of Licogi 14 Joint Stock Company. Mr. Nguyen Manh Tuan (known as Mr. A7) is a member of the Board of Directors.
L14 had its 15th consecutive ceiling increase. And because L14 is listed on the Hanoi exchange (HNX), the amplitude increases each session by approximately 10%. With the recent series of ceiling increases, L14 has jumped from 18,300 VND (closing price on November 15) to 75,200 VND this morning, equivalent to an increase of 311% in just over half a month.
In text recently sent the State Securities Commission an explanation for the stock price ceiling increase for 5 consecutive sessions from November 23 to November 29. Licogi 14 said the company is still operating in production business is stable and normal with no special fluctuations in operations
The fact that L14 stock increased to the ceiling for 5 consecutive sessions is beyond the company’s control because the supply and demand of the stock market depends on the decisions of investors to buy and sell shares. into emotional psychology in each stage of the stock market.
Licogi 14 Joint Stock Company strictly implements regulations on information disclosure on the stock market in a transparent and public manner. and always comply with the provisions of the law” – the business side affirmed.
Mr. Pham Gia Ly – Chairman of the Board of Directors of Licogi 14 – has just announced the purchase of 370,000 shares out of total 500,000 L14 shares have been registered to increase ownership ratio from 7 07% to 8 27%. The reason for not buying all the registered shares was explained by Mr. Ly as not reaching the expected price. However, Mr. Ly’s transaction took place from November 8 to November 15 – before L14 started its chain of ceiling increases.
In the same afternoon, Licogi 14 Financial Investment Joint Stock Company (L14FI ) – an organization related to many internal people of L14 including Mr. Nguyen Manh Tuan – has registered to buy 200,000 L14 shares by order matching method from November 22 to December 21. Meanwhile, Ms. Nguyen Thuy Ngu – Mr. Nguyen Manh Tuan’s sister – registered to sell more than 705,000 L14 shares from November 3 to December 2.
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