Stock Market

"The group of foreign funds now holds a substantial stake in VTO, with their ownership rising to 6.21% of the capital, equivalent to 4.96 million units, following the transaction. This significant investment showcases their confidence in the company's potential and highlights their belief in its future prospects."

The Vietnamese stock market has come a long way from its nascent beginnings. It has witnessed a remarkable transformation with thousands of listed companies, an exponential rise in market capitalization, and a thriving ecosystem of domestic and foreign investors.

"In his final statement, the defendant, Trinh Van Quyet, former chairman of the FLC Group, expressed his unwavering ambition to excel in industries such as golf courses, resorts, and aviation. However, he acknowledged that some of his actions had crossed legal boundaries and violated the law."

The Chairman of the State Securities Commission of Vietnam expressed confidence in the newly appointed leaders, encouraging them to build upon the achievements of their respective departments. Emphasizing the importance of unity and innovation, the Chairman urged the leaders to foster a collaborative environment and drive forward with initiatives that enhance the effectiveness of their assigned functions and duties.

Dragon Capital, a prominent investment group, has recently trimmed its stake in Mobile World Investment Corporation (MWG). The group sold 1.05 million shares, reducing its holdings to 7.99% of the company's charter capital. This move by Dragon Capital signifies a strategic adjustment in their investment portfolio, potentially opening up opportunities for other investors to step in and seize the initiative in the dynamic Vietnamese market.

On the HOSE exchange, the top 10 stocks witnessed a steep decline, discounting between 12%-30%.

As of the end of Q2 2024, Bamboo Capital Group has successfully achieved 34.4% of its revenue plan and 43.8% of its after-tax profit plan, as presented at the 2024 Annual General Meeting of Shareholders.

In the sell-off, HVN stocks witnessed the most significant net sell-off across the board, with a value of 40 billion VND. Following suit, HDH, PDR, and POW stocks faced selling pressure, each recording net selling values of over 30 billion VND.

With impressive results, The Gioi Di Dong has achieved 52.5% of its annual revenue target and a remarkable 86.5% of its profit goal.

The stock market has been on a consecutive losing streak, causing investor dismay. However, a positive sign is the emergence of strong buying support at lower levels, indicating a potential bottom for stocks.