Steel stocks are ‘hot’ again, big bosses quickly take profits

by worldysnews
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* HQC: Hoang Quan Real Estate Services Commercial Consulting Joint Stock Company successfully issued 100 million individual shares at a price of 10,000 VND/share, mobilizing 1,000 billion VND. In particular, privately issued shares are restricted from transfer for 1 year, from March 4.

* NLG: Mr. Tran Thanh Phong, Standing Vice President of Nam Long Investment Joint Stock Company, registered to sell 650,000 shares, from March 7 to April 5, according to the transaction method of agreement and order matching on the floor.

* KPF: Mr. Nguyen Khanh Toan, Chairman of the Board of Directors of Koji Asset Investment Joint Stock Company, registered to sell all 260,000 shares from March 8 to April 6 by agreement and order matching method.

* PET: Ms. Pham Thi Hong Diep, Deputy General Director of PetroVietnam General Services Joint Stock Company, registered to sell 150,000 shares from March 8 to April 6 by agreement and order matching method.

* NAG: Anh Vu International Economic Development Company Limited, major shareholder of Nagakawa Group Joint Stock Company, registered to sell all more than 3.21 million shares from March 7 to April 7 by agreement and matching method. Comeinand.

* DVG: Ms. Du Thi Van, General Director of Dai Viet Group Joint Stock Company, unsuccessfully purchased 500,000 shares from January 26 to February 23. Currently, Ms. Van does not own any shares.

* TNG: Mr. Nguyen Manh Linh, Member of the Board of Directors of TNG Investment and Trading Joint Stock Company, only sold nearly 0.45 million shares, out of a total of 1.63 million units registered from January 31 to February 28 according to the method. agreement and order matching.

VN-Index

Closing the session on March 6, VN-Index decreased 7.25 points (-0.57%), down to 1,262.73 points. HNX-Index decreased 1.9 points (-0.8%), down to 235.45 points. UPCoM-Index decreased 0.54 points (-0.59%), down to 91.24 points.

Market commentary, KB Securities Vietnam (KBSV) said that the correction state appeared widely across most industry groups, showing strong and overwhelming profit-taking selling pressure in most trading sessions. Corrective inertia may continue to impact the index in the coming spans.

After a long series of increases, the above developments are understandable. The uptrend of VN-Index is expected to return soon under the positive movement of cash flow with the support threshold set around 1,240 (+/-5) points.

Investors are recommended to avoid chasing during hot uptrends, and only place orders to disburse a portion of the buffer weight for currently held positions when the index or target codes fall to near support areas.

Vietcombank Securities (VCBS) recommends that investors keep calm and consider taking partial profits on stocks for signs of shortness of breath and weakening upward momentum.

At the same time, continue to patiently wait for correction sessions with a wider margin to disburse stocks for signs of attracting stable cash flow in the retail, banking, and securities industries.

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