– SJC gold approaches 82 million VND/tael, gold ring price sets a record
On March 8, SJC gold prices continued to dance, increasing to a record, creating an unprecedented price ‘fever’.
Gold ring prices tend to increase sharply due to limited domestic supply and gold businesses are not licensed to import raw gold.
Ending the afternoon session of March 8, the price of SJC gold bought and sold was 79.90 – 81.92 million VND/tael, an increase of 200,000 VND/tael sold compared to 9:30 am on March 8. The difference between buying and selling is 2.02 million VND/tael.
At the Doji system in Hanoi and Ho Chi Minh City, the price of SJC gold sold ranges from 81.75 to 81.85 million VND/tael.
At Phu Quy SJC Store, the transaction price of gold is 79.80 – 81.70 million VND/tael, an increase of 100,000 VND/tael sold compared to the early afternoon of March 8. SJC gold price traded at Bao Tin Minh Chau is 79.85 – 81.65 million VND/tael, 100,000 VND/tael sold compared to early afternoon of the same day. The difference between buying and selling is 1.8 million VND/tael.
In particular, the selling price of the Thang Long Bao Tin Minh Chau Golden Dragon plain round ring reached a record high of 69.43 million VND/tael, an increase of 300,000 VND/tael compared to 1:40 p.m. on March 8. Thus, gold ring prices continue to set new high records.
Previously, at 3:00 p.m. March 8, Doji Jewelry Group listed the price of 9999 round gold ring at 67.95 – 69.2 million VND/tael (buy – sell). This is the highest gold ring price ever recorded.
At the same time, Saigon Jewelry Company Limited (SJC) listed the price of plain round gold rings from 1 – 5 at only 67.25 – 68.5 million VND/tael (buy – sell). The difference between the buying and selling prices of gold rings ranges from 1.2 to 1.35 million VND per tael.
According to some economic experts, currently, interest rates are continuously decreasing and investment is difficult, so cash flow tends to flow to precious metals. However, many experts warn that people should be careful when buying and hoarding gold at a time when prices are continuously setting records like today. Because the world economic situation is currently unpredictable, gold prices are very erratic, rising high but also falling immediately.
The domestic SJC gold price is 16.86 million VND/tael higher and the SJC gold ring price is 3.64 million VND/tael more expensive than the world gold price.
– Notable stock events on March 9
Information on the calendar of notable stock events on March 9 about businesses listed on the stock market.
* VNM: March 15 is the trading day without the right to receive dividends for the third period of 2023 of Vietnam Dairy Products Joint Stock Company – Vinamilk (VNM – HOSE), the last registration date is March 18. Accordingly, dividends will be paid in cash at a rate of 9%, payment starting from April 26, 2024.
* MWG: Ms. Nguyen Thi Thu Tam, sister of Mr. Nguyen Duc Tai – Chairman of the Board of Directors of Mobile World Investment Joint Stock Company (MWG – HOSE) registered to sell 200,000 MWG shares from March 14 to April 12 according to the method agreement and order matching. It is expected that if the transaction is successful, Ms. Tam will reduce her ownership in MWG to more than 329,000 shares.
* C32: Ms. Nguyen Dinh Tu Nhi, wife of Mr. Nguyen Le Van – Chairman of the Board of Directors of CIC39 Joint Stock Company (C32 – HOSE) registered to buy 200,000 C32 shares, rate 1.33% from March 13 to April 11 according to the method agreement and order matching. Currently, Ms. Nhi does not hold any C32 shares.
* CNG: AMERICA LLC, major shareholder of CNG Vietnam Joint Stock Company (CNG – HOSE) sold more than 344,000 CNG shares on March 6. Thereby, reducing ownership in CNG to 2.5 million shares, a ratio of 7.12%.
* THG: March 19 is the trading day without the right to receive dividends for the second period of 2023 of Tien Giang Investment and Construction Joint Stock Company (THG – HOSE), the last registration date is March 20. Accordingly, dividends will be paid in cash at a rate of 10%, payment starting from April 10, 2024.
* TVS: Ms. Dinh Thi Hoa, Member of the Board of Directors of Thien Viet Securities Joint Stock Company (TVS – HOSE) registered to buy more than 6.59 million TVS shares from March 14 to April 12 by agreement. It is expected that if the transaction is successful, Ms. Hoa will increase her ownership in TVS to more than 19.97 million shares, a ratio of 13.2%.
* CKG: Ms. Nguyen Thi Hoa Le, Member of the Board of Directors of Kien Giang Construction Investment Consulting Group Joint Stock Company (CKG – HOSE) sold nearly 310,000 CKG shares from February 22 to March 5 by agreement method. . Thereby, reducing ownership in CKG to 400,000 shares, a ratio of 0.42%.
* DVG: Mr. Trinh Van Nhat – Deputy General Director of Dai Viet Group DVG Joint Stock Company (DVG – HNX) unsuccessfully purchased 500,000 DVG shares registered to buy from January 26 to February 23. Thereby, still holding just over 790 DVG shares.
– Bitcoin decreased slightly, trading around the 67,000 USD mark
