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NAG wants to move to Hochiminh Stock Exchange

The Saigon Times

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HCMC – Nagakawa Group Joint Stock Company, which trades its NAG shares on the Hanoi Stock Exchange, has announced it will move from the northern bourse to the Hochiminh Stock Exchange after it secures shareholders’ approval.

The movement is expected to increase the liquidity of its shares and attract more investment, the firm said.

According to its 2023 business plan, NAG aims to increase revenue by 6% over 2022 to around VND2 trillion and profit by 47% to VND35 billion.

Last year, it posted VND1.9 trillion in revenue and VND23.8 billion in profit after tax.

Nagakawa Vietnam Joint Stock Company, formerly known as Nagakawa Vietnam Joint Venture Company, was established in the northern province of Vinh Phuc in 2002.

The firm produces and sells electronics products, air conditioners and home appliances. With a total investment of around VND200 billion, its 10-hectare factory in Vinh Phuc can make 250,000 products annually.

Closing the trading session today, March 22, NAG gained 1.16% over the previous session to VND17,400, extending its winning streak for the fourth session.

The VN-Index of the HCMC bourse ended on an upbeat note as it gained 8.11 points, or 0.79%, from the session earlier, at 1,040.54, with 203 winners and 170 losers.

Around 458.8 million shares worth over VND8.6 trillion changed hands, with 76 million shares traded in block deals contributing nearly VND1.6 trillion to the overall value.

Lender VPB advanced 3.2% and took the lead by liquidity with a matching volume of more than 42 million shares.

With 80 stocks rising and 68 others declining, the HNX-Index edged up 0.85 points, or a fractional 0.42%, over the session earlier at 203.96.

Trade on the Hanoi exchange amounted to nearly 50.2 million shares with a value of over VND929.6 billion, up 9% in volume and 16.6% in value against yesterday’s session.

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