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Stock news March 28: HUT shares related to Miss Ngoc Han plummeted

After being crowned the beauty queen, this stock ticked up strongly but dropped again in the past week. Many investors stood still because they believed in Miss.

Last week, HUT stock (Tasco Joint Stock Company) hit the ceiling price in the first two sessions of the week, then went to the floor again for two consecutive sessions. From the highest price of the week at the beginning of the week 51,300 VND/share, HUT dropped to only 40,500 VND/share. On the 6th session, HUT increased again by 9.14%, to 44,200 VND/share.

HUT is a stock that many investors are interested in when it has surged for a long time. In just the past month, HUT’s stock has doubled to VND 49,800/share.

Within a year, HUT stock increased 8 times while the VN-Index increased by just over 20%. Within two years, this stock has increased in price more than 27 times.

HUT’s price drop made many investors worried in the context of authorities demanding explanations about price movements. In the explanation about HUT’s price increase, Tasco said that the recent increase in HUT’s stock price was due to the movements of the stock market on the basis of information announced by the company in accordance with the law.

Stocks related to Miss Ngoc Han suddenly plummeted
Upward chart of stocks related to HUT

In the group of stocks related to HUT, DNP (Dong Nai Plastic JSC) hit the ceiling in the first two sessions of the week, then fell in the next two sessions, down 1.73% on March 23 and down 2 on March 24. ,ninety four%. The last session of the week on March 25, DNP price increased slightly by 0.61%, DNP ended the session at 33,200 VND/share. However, it is also a stock that has gained 70.3% in two weeks.

Shares of NVT (Ninh Van Bay Tourism Real Estate JSC) increased from 14,800 VND/share to 26,500 VND/share, up 72.3%. Previously, Tasco announced a resolution approving the establishment of Tasco Land. Once established, Tasco Land will invest in NVT.

Notably, Miss Dang Thi Ngoc Han was appointed as Deputy General Director in charge of external affairs from March 16, 2022. Ngoc Han is also the Director of External Relations of Dong Nai Plastic JSC (DNP) according to the introduction on her personal Facebook page.

Appearing in a TV program, Miss Ngoc Han attracted attention when she revealed that she was allocating 50% of her assets on the stock market. At the same time, Miss Vietnam 2010 also revealed holding these stocks.

New accumulation area around 1,500 points

In the last session of last week, the bottom-fishing demand around the support area of ​​nearly 1.48x points along with the decrease of sellers helped the VN-Index to have a sideways session accumulating in a narrow range.

VN-Index closed in the early green in the last session of last week after 2 previous correction sessions. Liquidity declined significantly and remained at a high level.

Stocks related to Miss Ngoc Han suddenly plummeted
VN-Index stands at 1,498.5 points

At the end of the last trading session of the week, VN-Index stood at 1,498.5 points, corresponding to an increase of 29.4 points (2%) compared to the previous week. HNX-Index increased by 10.54 points (2.34%) to 461.75 points. UPCoM-Index increased 0.96 points (0.83%) to 117 points.

According to VDSC, the supply pressure seems to have cooled down, as shown by the steady decrease in liquidity and the narrowing of the candlestick’s body band. The bottom fishing effort is gradually showing results. With the signal of the correction slowing down, the market is facing an opportunity to increase in the near future.

Therefore, investors need to observe signs of demand in order to expect a short-term uptrend of the market. Currently, it is still possible to consider participating in some stocks that are attracting cash flow on an active accumulation basis.

Duy Anh

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