Novaland Shares Plummet: Investors Left Reeling as Stock Hits Rock Bottom
- The Ho Chi Minh City Stock Exchange (HoSE) has announced the removal of Novaland (NVL) and SC5 shares from the list of securities eligible for margin trading.
- The decision was made due to the delay in publishing the reviewed semi-annual financial report for 2024, exceeding the 5-day deadline for information disclosure as prescribed.
- Novaland, a well-known brand in the real estate and stock market, has been affected by this decision.
Novaland and SC5 Shares Removed from Margin Trading List
The Ho Chi Minh City Stock Exchange (HoSE) has announced the removal of Novaland (NVL) and SC5 shares from the list of securities eligible for margin trading.
The decision was made due to the delay in publishing the reviewed semi-annual financial report for 2024, exceeding the 5-day deadline for information disclosure as prescribed.
Novaland, a well-known brand in the real estate and stock market, has been affected by this decision. As a result, investors have rushed to sell NVL shares, causing the price to drop to the floor price of 11,850 VND/share, with nearly 40 million shares matched.
Additionally, there were over 2 million units left to sell at the floor price. In contrast, SC5 shares have no liquidity and maintain the reference price at 17,500 VND/share.
The removal of these shares from the margin trading list may impact investor activity and market trends. Investors are advised to stay informed about market developments and adjust their strategies accordingly.