Stocks that have just “stormed” have quickly cooled down

April 17, 2022 16:06 GMT+7

GEX, VGC, KBC, YEG, BCG, PVC, TNH, etc. are such codes. The common point of these codes is that they once “excited” investors to surf, but then suddenly turned down.

Meanwhile, KBC of Kinh Bac Urban Development Corporation closed last week at 50,600 VND/share. This price has dropped 4.7% since the beginning of April. Compared to the peak set at the beginning of the year, KBC’s share price has decreased by more than 18%.

Dang Thanh Tam’s business was recently warned by HOSE about the illegal trading of treasury shares. Specifically, KBC placed an order to sell treasury shares on March 15, exceeding 10% of the registered trading volume.

Another stock that creates a “strong feeling” for investors is YEG of Yeah1 Group JSC. This share price has dropped 19% since the beginning of April, to 22,450 VND/share. Notably, YEG has just experienced 6 consecutive price drops, of which 3 dropped to the floor price. Previously, YEG had peaked at 31,000 VND/share in early March 2022. Since then, YEG has dropped more than 27% in price after a series of continuous price increases in February.

With BCG of Bamboo Capital Joint Stock Company, BCG is not only noticed because the name is easily mistaken for Mr. Trinh Van Quyet’s business, the price movement of this stock also attracts investors’ attention.

From the peak price of 28,300 VND/share on March 25, BCG has now decreased by 17.66% to 23,300 VND/share. Since the beginning of April until now, BCG has experienced 7 sessions of decline and only 3 sessions of increase.

One stock that has just made investors wobble is PVC of PetroVietnam Chemicals and Services Corporation. PVC has just experienced 4 consecutive declines with two hitting the floor, becoming the main reason why this stock has “evaporated” 26% since the beginning of April.

PVC starts the new year 2022 when the price is only 16,800 VND/share. Compared to the current price of 23,800 VND, this stock has increased sharply by 41%. However, there was no longer a series of consecutive price increases that took place during February and March to help PVC reach a peak of VND 34,400/share. Compared to this price, PVC has “evaporated” 31% in price.

If compared from the beginning of 2022 to now, GEX shares of Gelex Group JSC have decreased by 31%, from the price of 49,000 VND now to only 33,950 VND/share after closing the session on April 17.

Especially in the last 7 sessions, in addition to the ceiling session on April 13, GEX had 6 sessions of decline with a decrease of 16% during this time.

Being part of the Gelex ecosystem, Viglacera Corporation’s VGC stock is also experiencing a similar scenario. Closing the session last week, VGC was at 51,200 dong/share after a sharp drop. Compared to the price of 59,000 dong at the beginning of the year, although VGC has only decreased by more than 13%, but VGC once peaked at 64,900 dong in early April after a series of 10 price increases, and then continuously decreased until now. Since then, after more than half a month, VGC has lost 23% of its market price.

A similar case is TNH of Thai Nguyen International Hospital Joint Stock Company. Having just experienced a series of continuous price reductions, TNH from the price of 57,900 dong has dropped to 51,900 dong/share at the close of last week. Before the start of the last discount chain, TNH used to increase by 33% in price since the beginning of 2022.

TNH is currently the only hospital to list shares on the stock exchange. Recently, a foreign shareholder, KWE Beteiligungen Investment Fund AG, has increased its ownership rate in this hospital from 6.8% to 7.03%. Thus, TNH currently has two foreign shareholders, KWE Beteiligungen Investment Fund AG (7.03%) and VBF Holding AG (1.04%).

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