HCMC – Dragon Capital has reduced its ownership in Mobile World Investment Corporation (HOSE: MWG) to below 7% following a series of net foreign share sales since the start of this year.
On March 25, the investment fund company offloaded 243,600 MWG shares, lowering its stake from 7.02% to 6.9987%. Notably, Norges Bank sold 223,600 shares, while Vietnam Enterprise Investments Limited divested 200,000 shares. Meanwhile, Hanoi Investments Holdings Limited acquired 150,000 shares and Amersham Industries Limited bought 30,000 shares.
Foreign investors have maintained a net selling stance on MWG shares since January. At the beginning of the year, foreign ownership limits stood at 43.5 million MWG shares. By March 31, this figure had increased to 47.27 million, signaling a net sell of 3.77 million shares over the first three months.
In 2024, the company recorded revenue of VND134.34 trillion, up by 13.6% compared to the previous year, and after-tax profit of VND3.73 trillion. For 2025, it looks to obtain revenue of VND150 trillion and net profit of VND4.85 trillion.
Closing the trading session today, March 31, MWG dropped 1.34% to end at VND59,000 per share, with over 6.5 million shares changing hands.
Vietnam’s stock market slid as large-cap stocks came under pressure, though mid- and small-cap stocks managed to stay resilient.
On the Hochiminh Stock Exchange (HOSE), the VN-Index lost 10.6 points, or 0.8%, to close at 1,306.86 points, with 135 winners and 322 losers.
Trade surged to more than 867.8 million shares valued at VND21.2 trillion, up by over 29% in volume and nearly 32% in value against the previous session. Block deals contributed 114.67 million shares worth VND3.66 trillion.
Despite the overall downward trend, mid- and small-cap stocks performed well. Tickers such as TSC, CIG, FIT, HAP, TNT, and SMC all hit their ceiling prices, while others like TDH, HDC, and HPX performed strongly.
Bank stocks offered some support by trading mixed, with MBB, TPB, VIB, and ACB edging higher. MSB was among the notable gainers, adding 3% to VND12,200 per share and ranking fourth by liquidity with 22.26 million shares traded. Meanwhile, SHB was the most actively traded stock with 56.6 million shares changing hands but lost 2% to VND12,450.
Securities and steel stocks edged mildly lower. VIX declined by 2.4% on a matching volume of 27.4 million shares, while SSI eased 1.3% with 19.5 million shares changing hands. HPG shed 1.5% with 26.5 million shares transacted.
Real estate stocks mostly saw modest corrections, but HDC, KBC, and VCG bucked the trend, each receiving strong demand. HDC rose by 3.2% on a volume of 17.67 million shares, KBC advanced 2.5% with 16.2 million shares, and VCG improved 2.6% on trades totaling 13.26 million shares.
Rubber stocks came under selling pressure. DPR, GVR, and PHR plunged to their daily floor prices, while TRC lost 5.8%. Producers of rubber-based goods also weakened, with CSM, CSV, and SRC sliding by around 5%.
On the Hanoi Stock Exchange, the market likewise extended its losses as selling pressure intensified. The HNX-Index closed down by 3.14 points, or 1.32%, at 235.06, with 126 decliners dwarfing 36 gainers. Some 50.6 million shares valued at VND870.5 billion changed hands on the northern exchange.
