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Wednesday, July 24, 2024

MWG, Home Credit join hands to boost sales

The Saigon Times

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HCMC – Mobile World Investment Corporation (MWG) has inked a deal with Home Credit on financial support for consumers, aiming to boost sales at MWG channels via the cooperation avenue to around US$2 billion, equivalent to VND45 trillion, within the next three years.

As per the agreement, MWG will prioritize Home Credit as a long-term strategic partner and maintain Home Credit’s leading market share in the chain.

Meanwhile, Home Credit will provide customers at thegioididong.com, Dien May Xanh, and TopZone with diverse financial solutions, including lower interest rates, more abundant lending budgets, and diverse borrowing options.

The signing ceremony took place in HCMC on August 16, marking the 10-year anniversary of collaboration between the two businesses.

Doan Van Hieu Em, CEO of MWG, said that this agreement will offer more payment options for MWG customers and drive new consumer trends.

Closing the trading session today, August 18, MWG plunged by 6.86% day-on-day to VND50,200, with over 14.2 million shares changing hands.

Regarding the stock exchange today, the high selling pressures caused numerous stocks to hit floor prices, dragging the VN-Index down by 55 points to breach the threshold of 1,200 points.

At the end of the session, the VN-Index of the Hochiminh Stock Exchange plummeted by 55.49 points, or 4.5% over yesterday’s session, to 1,177.99 points, with 486 decliners and 25 advancers.

The total trading volume surpassed 1.7 billion units, with a value of VND36,145 billion, up 51.15% in volume and 41.6% in value compared to the previous session. Block-deal transactions totaled more than 56.9 million units valued at VND1,287 billion.

The market saw 158 stocks hitting the floor prices, accounting for 30% of the total stocks listed on HOSE.

In the VN30 basket, only VCB managed to maintain a slight gain of 0.1%, while the remaining 29 stocks declined, mostly by more than 4%. Among these, VIC, VPB, MWG, VHM, GVR, POW, and SHB all closed the trading session at the floor prices.

NVL took the lead by market liquidity with 58.96 million units traded, followed by DIG with over 43 million shares, and DXG with 39.37 million shares changing hands.

With 32 winners and 207 losers, the HNX-Index of the Hanoi Stock Exchange slid 14.01 points, or 5.6% over the previous session, to 235.96 points.

Trade on the northern bourse amounted to nearly 238.17 million shares worth VND4,169 billion, with 0.18 million shares worth VND7.25 billion traded in put-through deals.

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