Dragon Capital’s foreign fund, Vietnam Enterprise Investment Limited, sold 1 million shares of VCG (Vietnam Export Import and Construction Corporation) on February 27, which helped the selling force gain the upper hand.
Specifically, on February 27, Vietnam Enterprise Investment Limited, a billion-dollar subsidiary fund of Dragon Capital, sold 1 million shares of VCG, reducing the group’s ownership percentage to 5.92%, equivalent to nearly 32 million shares.
| Price fluctuations of VCG shares from the beginning of 2023 to the trading session on March 1, 2024 |
Based on the closing price of VCG shares at the session on February 27, which was 24,600 dong/share, it is estimated that Dragon Capital group earned nearly 25 billion dong.
Before that, in January, Dragon Capital continuously bought VCG shares. Specifically, on January 16, foreign funds net bought 700,000 VCG shares, increasing ownership percentage to over 6%; on January 23, they acquired over 4.5 million VCG shares, increasing ownership percentage to over 7%; on January 25, they bought an additional 1.25 million shares, increasing ownership percentage to over 8%; by January 30, they bought another 1 million shares, increasing ownership percentage to over 9%.
After diligently accumulating a total of over 17.4 million VCG shares, Dragon Capital foreign fund started selling off VCG shares when the price almost reached its highest level in a month. The most recent sale was on February 20, when they sold 1 million shares, reducing ownership percentage to below 7%.
On the buying side, the Dragon Capital group bought a total of 127.5 thousand FRT shares of FPT Retail Digital Corporation on February 27, increasing ownership percentage to over 7%, equivalent to over 9.6 million shares.
| Price fluctuations of FRT shares from the beginning of 2023 to the trading session on March 1, 2024 |
Considering the closing price of 135,900 dong/share in this session, it is estimated that the Dragon Capital group spent over 17 billion dong on this deal.
From the beginning of 2024 until the time of the aforementioned transaction, the foreign fund sold a net amount of about 5.4 million FRT shares. During this period, FRT shares increased by 27%.
 Source: VietstockFinance
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