Stock market movements today 4/21

April 21, 2022 12:30 GMT+7

Mr. Do Thanh Nhan, who has just been prosecuted for manipulating stock prices.

After 30 minutes of morning trading, VN-Index dropped more than 15 points, officially breaking through the threshold of 1,380 points when it was only 1,368 points. A series of large and small stocks were in the red with nearly 400 losers.

When the market is deep, no stocks become the focus of selling because almost all are in the same state of selling. The group of stocks belonging to “family” of Louis Holdings of Do Thanh Nhan continued to drop to the floor and were in a state of oversold piled up, while “no buyers”.

Specifically: TGG shares of Louis Capital JSC fell to the floor at 14,250 dong/share, this is TGG’s 5th consecutive losing session, of which 3 sessions fell to the floor; BII of CTP Louis Land fell to the floor price for the fourth consecutive session, to 7,500 dong/share; APG of APG Securities JSC also fell to the floor price for the second consecutive session in a series of 5 recent price drops, to 11,200 dong/share. In the last 12 sessions, APG only had one bullish session.

Continuing with other stocks related to Mr. Do Thanh Nhan, AGM shares of An Giang Import-Export JSC fell to the floor at 42,000 VND/share. This is the second floor drop in a row in a series of 5 recent price drops of AGM.

SMT shares of Sametel JSC even fell to the floor for the fourth consecutive session to 12,600 dong/share; DDV of Dap – Vinachem Joint Stock Company also fell to the floor for the second consecutive session in a series of 4 recent price drops, to 19,000 VND/share; VKC of Vinh Khanh Plastic Cable Joint Stock Company fell to the floor for the fourth consecutive session, extending the series of 6 consecutive sessions without increasing prices, to 7,300 VND/share.

Meanwhile, TDH shares of Thu Duc Housing Development Joint Stock Company are banned from trading in the morning, but yesterday session also fell to the floor, following four consecutive declines.

Notably, the above stocks were once “blown” by Mr. Do Thanh Nhan to unbelievable levels. At the time of September last year, after Mr. Do Thanh Nhan – chairman of the board of directors of Louis Holdings – and a group of related shareholders conducted the M&A deal, Truong Giang Investment and Construction Joint Stock Company (certificate code) TGG securities, new name Louis Captial), TTG stock was pulled to a peak of 74,800 dong, up 6,000% compared to the market price of 1,200 dong at the beginning of the year.

In addition to TGG, a series of “ice tea” stocks belonging to the above Louis group suddenly became “Miss” with a price increase of 150% to 600% before returning to the ground as it is today.

Mr. Do Thanh Nhan currently holds nearly 1.5 million AGM shares of An Giang Import-Export, equivalent to 8.16% of charter capital. This company has a traditional business of exporting rice, after it was handed over to Mr. Do Thanh Nhan, the company developed the Louis Rice brand. In addition, Mr. Nhan also directly owns 1.4 million TGG shares, equivalent to 5.12% of the company’s charter capital.

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