Foreign investors increased their buying, the General Director also registered to buy more, GEX still fell to the floor

April 25, 2022 14:58 GMT+7

Although the stock market was in a downtrend, foreign investors had a positive move as they continued to net buy nearly 2,700 billion dong last week.

Notably, GEX of Gelex Group Joint Stock Company was the stock that was bought the most by foreign investors with 10.1 million shares, far ahead of the following two tickers, STB (6.1 million) and VRE (5. 8 million).

In fact, GEX also had two consecutive gaining sessions before closing the last trading week. However, entering the first session of the new week, April 25, this stock dropped again, a familiar trend of GEX in recent days. In the first session of the week, GEX hit the floor at 27,450 dong/share.

In general, since the beginning of April until now, GEX’s stock price has plummeted 29%. Even compared to the peak of 41,650 VND/share set by GEX in early March, this stock has been blown 34% in price.

A notable move at GEX recently was that General Director Nguyen Van Tuan registered to buy 10 million shares to increase ownership. Buy-in period starts from April 25 to May 25, 2022. Thus, after two days of price increase, this stock fell to the floor on the same day that General Director Nguyen Van Tuan started buying.

Mr. Nguyen Van Tuan registered to buy another 10 million GEX shares.

Mr. Tuan currently owns more than 192 million shares, equivalent to 22.58% of the total outstanding shares. If the transaction is carried out according to the registration, this 8X businessman will increase the number of shares owned to more than 202 million shares, equivalent to 23.75% of the outstanding shares.

Compared to the transaction price of April 25, the amount of money Mr. Nguyen Van Tuan spent to buy another 10 million shares is expected to be about VND 275 billion.

In addition to owning 22.58% of shares in GEX, Mr. Nguyen Van Tuan also owns 14.84% of shares in VIX Securities Joint Stock Company (formerly Xuan Thanh Securities Company).

At this moment, the amount of GEX and VIX shares Mr. Tuan owns is worth more than VND 6,400 billion.

In addition to directly owning the above shares, Mr. Tuan also indirectly owns shares in the businesses of the Gelex ecosystem that he leads. Specifically, Mr. Tuan is currently the Chairman of the Board of Directors of Viglacera Corporation (VGC), Chairman of the Board of Directors of Cadivi Electric Wire and Cable Company (CAV), Chairman of the Board of Directors of Gelex Energy Company Limited (the company that owns Investment Joint Stock Company). Song Da clean water – VCW and Long Son Petroleum Industrial Park Development Joint Stock Corporation – PXL); Chairman of the Board of Directors of Vietnam Electrical Equipment Joint Stock Company; Chairman of the Board of Directors of SAS – CTAMAD Co., Ltd.

On the day that the Vietnamese stock market dropped a record of more than 70 points, a series of stocks in the Gelex ecosystem mentioned above did not trade very well.

Specifically, Viglacera’s VGC fell to the floor at 44,100 dong/share; Cadivi’s CAV decreased by 1.76% to 61,500 VND/share; VIX of VIX Securities decreased by 6.54% to 14,300 VND/share; VCW of Song Da Clean Water stood at 36,000 VND/share.

PXL of Long Son Petroleum Industrial Park Development was the only code in this group that increased by 5.25% to 12,000 VND/share. However, since the beginning of April until now, PXL has decreased by 40% in price.

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