Many stocks hit the ceiling continuously, businesses explain 'don't know the reason'

Many stocks have increased sharply recently when the stock market is on the rise. According to regulations, when the stock price increases to the ceiling for 5 consecutive sessions, businesses must explain. But so far, all the explanations have followed the "pattern" of market supply and demand, the company does not know the reason... and most investors are no longer surprised by this content.

When the stock price hits the ceiling for 5 consecutive sessions and the company explains according to regulations

For example, after 10 consecutive ceiling sessions from February 29 to March 13, the ICF stock price of the Seafood Investment Joint Stock Company on the UPCoM floor increased by more than 254% from VND2,400 to VND8,500/share. This is the highest increase in the market during this time. Along with the price increase, the average matched liquidity of ICF in the last 10 ceiling sessions reached nearly 330,000 units, 4.5 times higher than the average of the previous 10 sessions. According to the company's explanation, the operating situation is still normal, without any changes. "The company does not know the reason for the increase in the stock price," the explanation stated.

Businesses do not know why stocks continuously hit the ceiling

Or VRC shares of VRC Real Estate and Investment Joint Stock Company also unexpectedly increased continuously since March 6. VRC increased from the ceiling to push the market price to 12,000, up nearly 50% after 6 sessions. At the same time, the average trading volume per session was over 200,000 shares, 4 times higher than the average of the previous quarter. According to the explanation of this enterprise, the shares increased due to objective developments and depended on supply and demand of the stock market. The company's business activities are also taking place normally and the company has no impact on the trading price of VRC shares.

Another case that has recently seen a series of ceiling price increases is HTL stock of Truong Long Engineering and Automobile Joint Stock Company. Specifically, HTL code increased to the ceiling price for 7 consecutive trading sessions, from January 31 to February 15, equivalent to an increase of nearly 50% (the HNX floor amplitude is 10%), bringing the price of this stock from VND 12,200 to over VND 19,000. The company also explained that the ceiling price of the stock was entirely due to market supply and demand. Investors' trading decisions for HTL stock are beyond the company's control. The company's operations are taking place normally, there are no unusual fluctuations and the company has no impact on the stock trading price...

Source: https://thanhnien.vn/nhieu-co-phieu-tang-tran-lien-tuc-doanh-nghiep-giai-trinh-khong-biet-nguyen-nhan-185240313175439665.htm