NDX price plunges due to NDN's divestment?

NDX price plunges due to NDN's divestment?

 NDX shares of Da Nang Housing Development Construction JSC (HNX: NDX) fell 19% after only 1 week, closing the session on November 29 at 12,000 dong. Recently, major shareholder NDN has just registered to sell 1.6 million shares of NDX from November 29 to December 24.



Mr. Nguyen Quang Trung - Chairman of the Board of Directors of NDX is concurrently the General Director of Da Nang Housing Development Investment Joint Stock Company (HN: NDN) (HNX: NDN). Mr. Trung personally holds 318,500 shares of NDX, equivalent to 3.32%.

Recently, NDN has just registered to sell 1.6 million shares of NDX, equivalent to 16.7%. The transactions are expected to take place between November 29 and December 24. Based on the price of 12,000 VND/share in the morning session of November 30, the estimated value of the deal is about 19 billion VND. If the sale is completely successful, NDN will reduce its ownership from 4.6 million shares (47.6%) to 3 million shares (31%).










Notably, NDX stock has dropped sharply in the last 5 sessions. Since the peak of 14,800 dong/share on November 22, the NDX market price has plummeted 19% after only 1 week, closing on November 29 at 12,000 dong/share.















Regarding the NDN, on November 27, the City Council. Da Nang said that it has received the report on anti-corruption work and thrift practice and anti-waste in 2021 from the People's Committee of Da Nang City. City People's Committee

Notably, through the inspection at the NDN, the City Inspector. Da Nang detected signs of crime and transferred 1 case to the investigative agency of Da Nang City Police for investigation and handling according to regulations.


With what news will the Vietnamese market start the last trading session of November? Import and export of goods in November increased by 3.5% compared to the previous month, rubber prices recovered in mid-November and the US confirmed its determination to discharge its strategic oil reserves… Here are the main contents of 3 new news in November. movements of today's trading session Tuesday, 11/30.

Import and export of goods in November increased by 3.5% compared to the previous month
According to data from the General Statistics Office, the import and export turnover of goods in November was estimated at 59.7 billion USD, up 8.5% over the previous month. In the first 11 months, the total two-way turnover maintained a growth rate of 22.3% over the same period last year, reaching 599.12 billion USD. Specifically:


Exports in November reached 29.9 billion USD, up 3.5% over the previous month. In 11 months, the turnover is equivalent to 299.67 billion USD. Processed industrial goods lead the way, estimated at $266.75 billion. Next are agricultural products - forest products; Seafood; fuels and minerals. The US is Vietnam's largest export partner with $84.8 billion. Next are China, EU, ASEAN, Korea, Japan.

Import turnover in November reached 29.8 billion USD, up 14% compared to the previous month.
In 11 months, the economy imported 299.45 billion USD of goods, up 27.5% over the same period last year. In which means of production is the group that is imported the most with $ 280.2 billion. Next is the group of consumer products. China is still the place where Vietnam imports the most goods with $98.5 billion. Followed by Korea, ASEAN, Japan, EU, USA. Vietnam's trade surplus reached 100 million USD in November.

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