At the end of the last trading session of May 2022, the VN-Index decreased slightly by 1.24 points (-0.1%) to 1,292.68 points, ending the previous 5 consecutive increasing sessions. Meanwhile, the HNX-Index ended the session up 2.99 points (0.96%) to 315.76 points.
On the day VN-Index turned slightly down and ended the previous impressive growth streak, the stock code DGC of Duc Giang Chemicals continued to record an increase of VND 8,600/share, equivalent to an increase of 4% to close the last trading session of May at VND 223,600/share.
The increase of DGC helped the assets of the family of 66-year-old tycoon Dao Huu Huyen - Chairman of the Board of Directors of the enterprise record an increase of nearly 400 billion VND when Mr. Huyen, his wife, son and daughter are directly holding nearly 45.6 million DGC shares. According to the market price at the end of the trading session on May 31, the assets directly held by Mr. Huyen's family are worth nearly 10,200 billion VND.
Mr. Dao Huu Huyen and his wife are holding a large amount of DGC shares.
Recently, DGC announced that June 6 is the last registration date to receive 2021 dividends. The ex-dividend date is June 3. DGC currently has more than 171 million shares outstanding. The company plans to issue more than 200 million additional shares (117%), capital from undistributed after-tax profits. Accordingly, shareholders owning 100 shares will receive 117 new shares.
If completed, DGC's charter capital could increase from VND1.7 trillion to VND3.7 trillion. It is expected that Mr. Huyen's family will receive more than 53 million new DGC shares in this dividend payment, increasing the number of shares owned to nearly 99 million shares.
Although DGC recorded a 4% increase in the last trading session of May 2022, compared to the closing price of the last trading session of April, this stock code still recorded a decrease of more than 7%. Even compared to the peak price of VND 254,800/share set in the trading session on April 19, DGC is still recording a decrease of 22% from the peak.
After the VN-Index turned down in the last trading session of May 2022, commenting on the stock market in the first trading session of June, experts from Yuanta Vietnam Securities Company said that the market may return to an upward trend and the VN-Index may test the resistance zone of 1,315 - 1,328 points. At the same time, the market is still in a short-term accumulation phase, so the average trading volume remains low and cash flow may be differentiated between groups of stocks. In addition, Yuanta assessed that short-term disbursement opportunities continue to increase.
Similarly, experts from Dong A Bank Securities Company (DAS) are also optimistic that in the coming time, the market story is being continued by news about a 2% interest rate support package for businesses to recover the economy . Stocks in benefiting industries such as aviation, banking, export manufacturing... are expected to trade actively, while steel and real estate groups are still under a lot of pressure. VN-Index is expected to surpass 1,300 points in the coming sessions.
Meanwhile, experts from KB Securities Vietnam (KBSV) commented that increased profit-taking pressure has caused the index to react early with a near resistance zone around 1.30x. Although the correction pressure may continue in the next session, the opportunity to expand the recovery is still maintained with a notable support zone around 1.26x.
Investors are advised to continue holding medium-term positions but take partial profits from short-term positions when stock prices approach resistance levels.
Experts from Asean Securities Company (Aseansc) predict that in the trading session of June 1, a tug-of-war may occur between buying force at the support zone of 1,285 - 1,290 points and selling force at the resistance zone of 1,295 - 1,300 points, before there is a clearer trend distinction towards the end of the day.
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