HOSE requests VRC to explain the stock’s consecutive 5-day limit increase

On March 12th, the Ho Chi Minh City Stock Exchange (HOSE) issued a letter requesting VRC Real Estate and Investment Joint Stock Company (HOSE: VRC) to provide an explanation for the continuous 5-day limit-up on their stocks from March 6th to March 12th, 2024.

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Stock VRC hits the trading limit for 5 consecutive sessions

Based on the regulation on public disclosure in the stock market, “Public companies must disclose abnormal information within 24 hours from the time one of the following events occurs: In case the company becomes aware of events or information that affect the company’s stock price, the company must confirm or rectify the event or information”

Meanwhile, based on the document dated May 16, 2022 from the State Securities Commission regarding HOSE’s requirement for listed organizations to report, disclose the information related to the Company that has an impact on the stock price volatility within 24 hours from the time the stock price reaches the trading limit or drops continuously for 5 sessions.

In the stock market, VRC stock has been hovering around 8,000 VND per share since the beginning of 2024. However, the stock price has suddenly surged to its limit for 5 recent trading sessions starting from March 6, accompanied by an improvement in trading volume as well.

Stock price of VRC since the beginning of 2024

Kha Nguyen