Proprietary trading firms significantly ramped up their net buying activities on the Ho Chi Minh Stock Exchange (HOSE), reaching a substantial 914 billion VND.
Despite the company’s ongoing losses, its stock has surged dramatically as investors are driven by speculative sentiment rather than fundamental performance.
With nearly VND 3.6 trillion raised from its IPO, TPS plans to allocate the funds towards securities brokerage, proprietary trading, and other strategic initiatives.