After a period of hot growth, it seems that profit-taking selling pressure has pushed a series of mineral stocks to fall sharply.
After a period of hot growth, it seems that profit-taking selling pressure has pushed a series of mineral stocks to fall sharply.
The trading session on February 18 witnessed a series of mineral enterprise stocks "fall", continuously decreasing in price and even hitting the floor.
This is an unexpected development after many consecutive price increases of the mineral group.
Right from the beginning of the morning session, KSV shares of TKV Minerals Corporation quickly plummeted and hit the floor at the end of the morning session. With overwhelming selling pressure, this stock was pushed into a state of almost no buyers in the afternoon session and closed at 269,600 VND/share, down 9.98%.
KSV has had a series of strong increases since the beginning of December 2024 until now and has continuously set trading peaks. The trading session on February 17 with a closing price of VND 299,500/share was also the highest peak of KSV since its listing and there were times when this stock increased beyond the threshold of VND 300,000/share.
In the storm of mineral stock prices, KSV leaders also took advantage to take profits. Mr. Ngo Quoc Trung - Member of the Board of Directors, Deputy General Director of KSV registered to sell all 5,100 shares he was holding from February 19 to March 20, 2025. During the same period, Mr. Dang Duc Hung - Member of the Board of Directors of KSV also registered to sell all 3,000 shares he was holding.
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| A series of mineral stocks fell sharply in price in the session of February 18, but still have good yields compared to the beginning of the year. |
Similar to KSV with a decrease of 10%, HGM shares of Ha Giang Mechanical and Mineral Joint Stock Company also hit the floor during the afternoon session of February 18.
In the upward trend of the mineral group since the end of last year, HGM has had a series of increasing sessions since the beginning of February 2025 with many ceiling sessions. In particular, on February 14, HGM increased sharply, exceeding the threshold of VND 400,000/share, putting this stock code in the group of the most expensive stocks on the market.
HGM's rise was supported by news that China has restricted exports of key minerals used in military and high-tech production, including Antimony. Currently, HGM is the only company in Vietnam that can produce finished Antimony on an industrial scale.
The decline spread across the industry with the participation of other stocks. MSR decreased by 4.93%, BMC decreased by 4.65%, AAH decreased by 14.75%,...
However, with the continuous increase, investors in mineral stocks are still making big profits. Compared to the beginning of 2025, stocks in the industry are still at high prices, specifically, KSV increased by 163%, MSR increased by 73%, HGM increased by 53%, BMC increased by 32%...
Source: https://baodautu.vn/sau-tang-nong-co-phieu-khoang-san-quay-dau-nam-san-d247597.html
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