Defying Market Trends, 65-Year-Old Tycoon Gains an Additional Nearly 60 Billion VND

In contrast to the decline of the Vietnamese stock market, the assets of this 65-year-old tycoon still recorded an increase of nearly 60 billion VND.



Vietnam's stock market continued to perform negatively in the trading session on December 15. At the end of the session, the VN-Index recorded a decrease of 7.83 points to close at 1,102.30 points, this is the third consecutive losing session of the main index of Vietnam's stock market.




The HNX-Index recorded a decrease of 0.21 points to close at 227.02 points; Upcom-Index decreased 0.17 points to close at 85.05 points. For the whole week from December 11 to December 15, VN-Index decreased a total of 22.14 points (1.97%), HNX-Index decreased 4.18 points (1.81%).




During the week, liquidity on HoSE reached 77,512.71 billion VND, down 25.8% compared to the previous week, trading volume decreased by 27.6%.




In contrast to the decline of the Vietnamese stock market in the trading session on December 15, the NVL stock code of No Va Real Estate Investment Group Joint Stock Company recorded an increase of 600 VND/share, equivalent to an increase of 3%. .68%, to close at 16,900 VND/share. Statistics show that NVL is one of the stocks with the most positive impact on the VN-Index during the weekend trading session.





A series of stocks recorded a sharp decrease in the trading session on December 15




NVL shares increased sharply after the news of reaching an agreement to restructure a convertible bond package worth 300 million USD listed in Singapore into common shares of the Company with an initial price of 40,000 VND.




This level is 3.4 times lower than the price of 135,700 VND given in 2021. However, the above figure is still more than 2.3 times higher than NVL's current market price of 16,900 VND/share. According to the announcement, the number of converted bonds is also allocated into 30%, 40%, 20% and 10% respectively instead of converting all at once.





The rising momentum of NVL shares in the trading session on December 15 not only brought joy to corporate shareholders. This increase also helps Chairman Bui Thanh Nhon's assets increase by tens of billions of dong. Specifically, with directly holding more than 96.7 million NVL shares, Chairman Bui Thanh Nhon's assets recorded an increase of more than 58 billion VND.




Although only directly holding more than 96.7 million NLV shares, the amount of shares held by individuals and businesses related to Chairman Bui Thanh Nhon at NLV is about 42.74%, equivalent to 833.6 million shares. Calculated according to market price, this number of shares corresponds to more than 14,087 billion VND.




After the third consecutive falling session of the Vietnamese stock market, experts from SSI Securities Company said that the downward trend continued on the VN-Index and this index closed below the EMA average lines. Technical indicators RSI and ADX point towards a weakening cycle, giving a view that the bearish cycle will continue to expand, towards the 1,095 - 1,096 area.




Vietcap securities company experts predict that next session, VN-Index may have a recovery phase after the ETF portfolio restructuring session to retest the MA20 and MA50 resistances at 1,105-1,108 points.




If buying force is weak and cannot help the index overcome this resistance, VN-Index may reverse and decrease again. At that time, the Negative technical signal will be confirmed and contribute to increasing selling pressure, causing the VN-Index to fall deeper to the November support area around the 1,080 point mark.




Experts from SHS Securities Company assess that the market is tending to move more closely in both the short and medium term and SHS expects the market to gradually form a new accumulation base.




SHS believes that the market in the short term is in an adjustment period amid accumulation and still has expectations of recovery and is aiming for a short-term barrier of 1,150 points if VN-Index increases again and tests the support of 1,100 points successfully. In the medium and long term, although the market loses its uptrend, it will find a new balance point and accumulate, so the medium and long-term risks are not high.

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