Fund Investment Boosts Buying Strength

Specifically, foreign fund Dragon Capital increased its ownership ratio in KDH (Khang Dien House Investment Joint Stock Company) from 6.98% to over 7%, corresponding to nearly 57 million shares, after buying an additional 800,000 shares. KDH on the session of April 23.

Closing the trading session, KDH market price closed at VND 33,450 per share, an increase of over 8% compared to the beginning of 2024. According to this price, it is estimated that foreign fund Dragon Capital had to spend nearly VND 27 billion to increase its ownership of KDH.

On the same day, foreign fund Dragon Capital bought 4.66 million shares of Mobile World Investment Joint Stock Company (MWG). After the transaction, the foreign fund group increased its ownership in MWG to over 91 million shares, with an ownership ratio of 6.25%.

Closing the session on April 23, 2024, MWG price closed at VND 49,800 per share, an increase of over 17% compared to the beginning of this year. According to this price, it is estimated that Dragon Capital spent more than VND 232 billion to complete the transaction.

In the same buying direction, HD investment fund increased its ownership ratio in FCN (FECON Joint Stock Company) to 11.12% (17.5 million shares) after adding 4 million shares of FCN in the session of April 25.

Previously, this investment fund became a major shareholder of FCN when it bought 7 million shares of FCN in the session of April 19, increasing its ownership to 13.5 million shares, corresponding to a ratio of 8.58%.

In the 2 sessions of April 19 and 25, FCN recorded negotiated transactions with a volume equal to the trading volume of HD investment fund. The transaction value was nearly VND 102 billion and VND 66 billion, respectively. Thus, HD investment fund spent a total of VND 168 billion to increase its ownership of FCN.

Source: VietstockFinance

Khang Di