Why did a series of stocks in the FLC ecosystem escape the floor price?

04/02/2022 06:55 GMT+7

Stocks in the FLC Group ecosystem recovered in the trading session on April 1

Specifically, among the Group’s ecosystem stocks, nearly 53 million FLC shares at floor price and 46 million shares of ROS at floor price were bought by domestic and foreign investors. Closing the session, FLC recorded a decrease of 1.4% to 10,850 dong/share and ROS decreased by 2% to 6,920 dong/share respectively with huge trading volume. FLC alone nearly 100 million shares matched; ROS shares more than 88 million matched shares. These two stocks had extremely high liquidity in the market in the 1st session.

In particular, the “rescue” signal is more evident in the remaining stocks in the ecosystem of FLC. Specifically, KLF, CFS and ART on HNX all increased by 10% to 5,500 dong/share and 8,800 dong/share, respectively. On HOSE, two stocks, HAI and AMD, after 4 consecutive sessions of hitting the floor price, turned to rise to the ceiling by 6.9%.

So why was the group of stocks in the FLC ecosystem being rescued?

According to Mr. Nguyen Huu Dieu – Investor on VPBS, this group was rescued because the stock price has reached the bottom for many years, besides, the large buying force from domestic and foreign investors is also the reason why for this stock to close to reference in the afternoon session.

Prior to that, in the past 4 trading sessions, foreign investors have been net buyers of FLC shares in a row: On March 29, foreign investors bought 292,900 shares with a total trading value of 3,705 billion dong, accounting for 9% of purchases on the market. the whole market; On March 30, foreign investors continued to buy 265,400 shares with a total trading value of 3,313 billion dong, accounting for 15% of transactions in the whole market; On March 31, foreign investors continued to buy 370,300 shares with a total trading value of 4.1 billion dong and on April 1, foreign investors continued to buy 1.5 million FLC shares with a total value of 16 billion dong. This shows that the Group’s assets are still attractive in the eyes of investors.

In addition, the Group’s announcement that Mr. Dang Tat Thang assumed the position of Chairman of the Board of Directors showed that FLC continued to operate, and was also one of the moves to reassure investors that had a positive effect when this stock continued to operate. continued to be locked to the floor in the past many trading sessions…

FLC is well known in the market since October 2011, when FLC shares were officially listed on the Hanoi Stock Exchange (HNX). On November 22, 2010, FLC Joint Stock Company officially changed its name to FLC Group Joint Stock Company with the initial registered charter capital of 170 billion VND. FLC is also known to be the owner of hundreds of outstanding real estate projects stretching from North to South. Before Mr. Trinh Van Quyet was detained and prosecuted, FLC continuously announced investment plans in a series of new projects and researched investment, legal promotion for nearly 300 projects…

According to DDDN