Vietnam real estate stocks rise across the board

In the stock market trading on the morning of May 3, the market continued to perform strongly, and many stocks rose collectively.

At the close of the morning, all three major stock indexes rose, with nearly 440 stocks rising. The VN index paused at 1,223 points, with an increase of 7.08 points (+0.58%); the Hanoi Stock Exchange's indices, including the HNX index and the UpCoM index, rose by 0.64% and 0.16% respectively. The trading volume of the entire market remains at a low level of less than 700 billion VND, indicating investor skepticism and caution.

Stocks across all sectors rose considerably, with each stock rising approximately 2-3%. Many stocks with smaller market capitalizations hit their daily limits on the Hanoi Stock Exchange, Hanoi Stock Exchange and Listed Companies Stock Exchange.

It is worth noting that many real estate stocks, which were heavily sold in the previous trading days, reversed and rose on this trading day, such as PDR up 3.24%, CEO up 2.79%, VRE up 2.42%, and KBC up 2.41%.

Among them, Real Estate Development Corporation (PDR) has just announced that it will close the shareholder list on May 13 and issue 134 million new shares to existing shareholders at a ratio of 5.5:1. The issue price is VND10,000, while the market price of the stock is more than VND27,000.

Meanwhile, the real estate company CEO (codenamed CEO) successfully held the second annual general meeting of shareholders in 2024 this morning, after the previous one failed due to lack of shareholder attendance.

Another real estate company, HQC, the "social housing giant" Hoang Quang, only rose 0.26% to VND3,840 per share, but this was the third consecutive day of gains for the stock.

It is worth noting that after Zhang Yingshun, chairman of the board of directors of Huang Quan Company, announced that he had successfully purchased 2 million shares of HQC on April 26, the stock price of HQC rose. The purpose of this purchase is to implement a personal financial plan. After the transaction, Zhang's shareholding ratio in Huangquan increased from 0% to 0.34%.

A few days ago, Nanquan Investment Co., Ltd., which is related to Huang Quan, Zhang Meiyun, the daughter of Huang Quan’s chairman Zhang Yingshun and Huang Quan’s chairman Zhang Yingshun, announced that it had sold all its holdings between March 29 and April 26. of 2 million HQC shares. The purpose is to balance the investment portfolio.

Zhang Yingshun notably sold 16.35 million HQC shares held through negotiation in August 2023.

Meanwhile, Huang Quan Group Co., Ltd., which is linked to Zhang, sold all 3 million HQC shares between August 9 and August 11 to balance its investment portfolio.

At the same time, Nanquan Investment Company registered to purchase 20 million HQC shares during the same period to balance the investment portfolio, but ultimately purchased only 2 million shares.