Specifically, one member fund of Dragon Capital, Norges Bank, sold 60.5 thousand shares of HDG in the session on March 04, reducing its ownership ratio to 3.71%, while the ownership ratio of the Dragon Capital group decreased to 4.99%, officially leaving the position of a major shareholder. Based on the closing price of HDG shares in the session on March 04 at VND 28,300/share, it is estimated that the Dragon Capital group collected over VND 1.7 billion.
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Trading of HDG shares by the Dragon Capital group on March 04, 2024
Source: HDG
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According to the published list, along with Norges Bank, DC Developing Markets Strategies Public Limited Company is the remaining member of the Dragon Capital group that owns HDG shares.
Note that in the latest disclosure of information by the Dragon Capital group related to the selling transaction that changed the ownership at HDG on January 19, the number of members at that time reached 5.
Thus, in the past nearly 2 months, this fund group has sold a total of over 17 million HDG shares, equivalent to a rate of 5.59%. It is worth noting that with 3 members who have sold all the shares they hold, including the CTBC Vietnam Equity Fund selling 14.85 million shares (a rate of 4.86%), KB Vietnam Focus Balanced Fund selling 320 thousand shares (a rate of 0.1%), and Samsung Vietnam Securites Master Investment Trust selling 488 thousand shares (a rate of 0.16%). Prior to that, this fund group also continuously made selling moves in January 2024.
Compared to the number of up to 42.2 million shares (a rate of 13.8%) in the last HDG share trading announcement in 2023 (implemented on December 22), this fund group has sold a total of nearly 27 million shares.
Recently, HDG shares were predicted to be removed from the VNM ETF by BSC Research because they are outside the top 98% of accumulated free-float market capitalization. On March 08, 2024, MarketVector Vietnam Local Index is expected to announce the component stock portfolio. March 15, 2024 is expected to be the completion date for the entire portfolio restructuring of the ETF referencing this benchmark.
* HDG and HNG may be removed from the VNM ETF.
In the stock market, HDG shares have increased by nearly 3% since the beginning of 2024, reaching VND 28,400/share at the end of the session on March 07, 2024, with an average liquidity of over 2.3 million shares per day.
| HDG stock performance since the beginning of 2024 |
Huy Khai.
