The share of Quoc Cuong Gia Lai Company rose sharply today, despite the decline of most stocks
The trading session closed today with the draw situation, but the sellers won when the UN index temporarily lost 1.69 points, equal to 0.17% to 985.67 points. On the HSX there were 140 decliners compared with 119 attackers.
However, the performance of the index showed positive signs when the recovery after the low point of the session was 892.88 points. Exactly at that moment (11 hours) the bottom-line cash flow has pulled the index up.
HNX Index increased by 0.61 points or 0.55% to 111.13 points, but this profit was driven by the large-cap equities (ACB, CEO and PVS) while 72 shares decreased (14 stocks hit the ground), overwhelmed by 46 players.
Market liquidity was maintained with 98.3 million shares traded on the HSX in the morning session, trading value reached VND 2,266.3 billion. The figure on the HNX was 27.2 million shares of VND 426.78 billion, respectively.
The fact that large cap stocks fell (despite the small decline) made the market more pessimistic. VIC, VCB, SAB, VNM, ROS, CTG, VPB, BVH, KDC, MWG … at the same time. Meanwhile, the increase in PLX, VRE, BID, CTD … has not reached the UN Index reference level.
While most shares fell on the floor, QCG Quoc Cuong Gia Lai unexpectedly rose by 2% to 8,600 dong / share. Previously this code had undergone adverse transactions, no price increases for 5 consecutive sessions (4 sessions taken).
QCG was disadvantageous because of unfavorable information about the suspension of the building permit and transfer of real estate projects in Residential Trade – Service Residential Complex 2/9, Hai Chau District, TP. Da Nang.
According to feedback from the QCG representative, the company has completed the infrastructure for over a year. As far as the electrical part is concerned, due to procedural obstacles, the company has completed 95% of the underground and is waiting for the permit to train the rest (including digging, laying, pulling, connecting, closing electricity).
QCG signed a contract on July 30 to connect energy projects in the project with Da Nang Power One-Member Limited Company. In addition, the company has applied for the permit to install medium and low voltage transmission lines and transformer stations at the Da Nang Department of Transport on 3/8.
According to this company, QCG has in fact already prepared the material, the equipment and the labor, but the corresponding permit procedures are not consistent so that the company can not perform.
Back to the stock market, this morning also saw the recovery of YEG (to VND3.100) after having landed on the ground yesterday. In the same way FLC also increased slightly and corresponded to almost 6.6 million shares – the highest matching order.
VPBS believes that the market can maintain its upward trend in the current narrow band if there are no unexpected factors in the negative direction.
At the same time, Vietcombank Securities (VCBS) advises investors to take short-term profits to protect their profitability in the short term and to continue looking for potential stocks. extreme in the second half of 2018 on the basis of.