Sunday,  Nov 18, 2018,20:00 (GMT+7) 0 0
MWG dips on data breach reports
By Phuong Thao
Thursday,  Nov 8, 2018,19:12 (GMT+7)

MWG dips on data breach reports

By Phuong Thao

HCMC – Shares of Mobile World Investment Group (MWG) tumbled today, November 8, as local media had reported over a breach of data of customers transacting at its The Gioi Di Dong electronic stores.

Data on more than 31,000 transactions at the store chain using bank cards were breached and disclosed on RaidForums, a forum for database trading. The revealed information includes part of bank card numbers, and transaction times, venues and values.

MWG had rejected the breach overnight, but its share price still slumped 3.3% to the intraday low of VND108,300 in the morning phase. It rebounded a bit in the afternoon and closed the day down 1.8% at VND110,000.

Meanwhile, the entire stock market went through another dismal transaction day, with trading value hitting a four-month low at VND2.7 trillion, down 13% against the session earlier. The VN-Index of the Hochiminh Stock Exchange advanced a slight 4.12 points, or 0.45%, at 926.28.

Blue chips reported sluggish trade, as only 10 stocks in the VN30 basket saw matching volume of over one million shares. Housing developer VHM and retailer VRE outperformed the market, gaining 2.8% and 2% at VND74,700 and VND31,000, respectively.

Meanwhile, some small stocks in the property sector kept attracting cash flow. FLC again led the market for liquidity with 16 million shares traded, followed by HAG and QCG with over five million shares each.

The HNX-Index of the Hanoi Stock Exchange rose 0.34 point, or 0.33%, at 104.54, putting an end to its three-day losing streak. Trading volume on the northern bourse increased 15% at 35 million shares but value fell 3% at VND414 billion.

SHB was the most actively traded stock but the bank closed at the reference price of VND7,600. Its fellow bank NVB reported matching volume of over 1.7 million shares, rising 2.1% at VND9,800.

Foreigners turned active net buyers, net purchasing 1.4 million shares with the total value of VND119.6 billion on the HCMC market, up 49.5% and 39% versus Wednesday, respectively.

They net bought VND23.5 million shares worth of shares of dairy giant VNM and VND16.7 billion of securities firm SSI. In contrast, the investors net sold 438,000 shares of property firm NVL valued at VND30.2 billion.

On the Hanoi market, foreigners net sold over one million shares worth more than VND19 billion, soaring two-fold and three-fold against the previous day, respectively. They chiefly sold shares of petroleum technical service firm PVS and construction enterprise VGC.

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