Investors continued to flee from FLC, the order to sell at the floor was over 100 million shares

03/29/2022 12:06 GMT+7

Chairman of FLC Group Trinh Van Quyet

During the morning session, FLC was always in a state of hitting the floor at 12,650 dong/share, the selling surplus was over 70 million shares, while the buy order was empty.

Not only FLC, but also stocks belonging to this enterprise’s ecosystem such as ROS, HAI, KLF, AMD continued to be sold off, prices dropped sharply.

Specifically, ROS fell to the floor at 8,160 VND/share with nearly 50 million shares outstanding, HAI decreased by 6.2% to 5,930 VND/share; KLF dropped 7.8% to 5,900 VND/share; AMD decreased by 6.8% to 6,210 VND/share.

However, the general market in this morning session was quite active with the return of banking and real estate codes. Closing the morning session, VN-Index increased 12.78 points to 1,496.94 points.

In the group of 30 stocks in VN30, only 4 stocks declined, 2 stocks stood still and 24 stocks increased.

Shares of some banks that are said to be the biggest creditors of FLC such as STB and BID also gained in this morning.

In yesterday’s session (March 28), rumors related to Mr. Trinh Van Quyet – Chairman of FLC Group caused FLC stocks to sell off, causing negative sentiment on the whole market, especially stocks that have just started selling. and small are highly speculative.

Right after the news that Mr. Trinh Van Quyet was temporarily banned from leaving the country for 1 month was published by some newspapers at the end of the morning session, the market was even more negative in the afternoon session. The strong selling force spread after the lunch break, causing VN-Index to drop more than 25 points. But the strong demand helped the market gradually narrow the closing range above 1,480 points.

Although losers dominated (315 losers vs 142 gainers) and VN-Index dropped by more than 25 points, cash flow was strong and the number of stocks that fell to the floor was less than 20, less than the number of advancers. The ceiling shows that investor sentiment has been much more stable than in the previous period.

The sell-off did not happen on a large scale, even with the exception of FLC and some real estate codes that are highly speculative or have their own stories such as HQC, HAR, LDG, NBB…, many stocks. Other times, when there is a strong decrease, there is good demand.

In a latest development related to the banking industry, at least two banks have stopped disbursing disbursements in the real estate lending field, namely Sacombank and Techcombank. However, TCB and STB, along with a series of banking and real estate codes, simultaneously increased in price in the morning session.

Specifically, BID increased by 0.5% to 41,800 VND/share; STB increased 1.1% to 32,150 VND/share, VPB increased 0.3% to 36,350 VND/share; TPB increased 2.7% to 40,450 VND/share; MBB increased 0.3% to 31,600 VND/share, CTG increased 0.8% to 32,050 VND/share;…

Real estate codes such as: KDH increased by 0.6% to 53,200 VND/share; VIC increased 0.1% to 80,600 VND/share. In contrast, PDR decreased by 0.6% to 92,100 VND/share; NVL decreased by 0.4% to 82,200 VND/share;…

his gentle