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Tuesday, September 27, 2022

Licogi 16 leader registers to sell 2 million LCG shares

The Saigon Times

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HCMC – Bui Duong Hung, Chairman of the Board of Licogi 16 Joint Stock Company (LCG), has registered to sell 2 million LCG shares, which are listed on the Hochiminh Stock Exchange (HoSE), to reduce his ownership at Licogi 16 from 4.17% to 3.02%.

Hung said the sale, which is scheduled for the period from January 19 to February 17, aims to restructure the company’s investment portfolio.

From July 12, 2021 to January 13, 2022, LCG surged 165% from VND8,920 to VND23,650, becoming one of the best performers on HoSE. The stock continued the bullish movement today, as it increased from the reference price of VND23,700 to VND24,100, despite the news of the chairman’s planned stock sale.

In related news, the VN-Index of the Hochiminh Stock Exchange lost 0.03 points to close at 1,496.02 points today, January 14.

Losing stocks outnumbered winning ones by 285 to 174. Some 784.6 million shares worth over VND22.8 trillion changed hands on the southern market, falling 21.23% in volume and 26% in value compared with the previous session.

Approximately 50.5 million shares worth over VND1.86 trillion were traded in block deals.

On the Hanoi Stock Exchange, the HNX-Index rose 1.31%, or 6.04 points, to close at 466.86 points, with 122 winning stocks and 126 losing ones. More than 86 million shares worth some VND2.7 trillion were transacted on the northern market.

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