DIG shares set a liquidity record

DIG shares of Construction Development Investment Corporation today, March 15, matched 69.88 million units, nearly double compared to yesterday and the highest level since listing on the stock exchange.

DIG shares of the Construction Development Investment Corporation continued to go against the market trend today to maintain the excitement throughout the session. DIG closed at 28,500 VND, up 3.65% compared to the reference price to extend the increasing streak for the fourth consecutive session. This increasing streak helped the stock accumulate nearly 9% more than the price range at the beginning of the week.

The biggest highlight of the March 15 session of DIG shares was the trading volume of up to 69.88 million units, an increase of nearly 34 million units compared to yesterday. Of these, about 8.5 million shares were transferred at the price of 28,500 VND and about 124,000 shares were successfully traded at the session's highest price of 29,000 VND.

DIG's trading volume today accounted for 7.31% of the total matched volume on the Ho Chi Minh City Stock Exchange, far surpassing the proportion of the following stocks such as HPG 3.75%, VND 3.47% and EIB 3.22%. With 69.88 million shares traded, DIG's trading value at the end of the week reached VND1,989 billion, the highest since this stock was listed on the stock exchange 14 years ago.

With more than 609.8 million shares outstanding, DIG's market capitalization is at VND 17,380 billion.

DIG's increase was in line with the real estate group's performance when many small and medium-cap stocks reversed from decline to increase at the end of the session. The signs of real estate stocks heating up came after the Prime Minister 's meeting with a series of leading enterprises to discuss the year's monetary policy to remove difficulties for production and business. It is likely that the group's increase will continue when the Government leaders continue to chair conferences with localities to remove difficulties and promote the implementation of social housing projects on March 16.

DIG stock price and liquidity chart.

DIC's Board of Directors recently announced the final registration date to attend the company's annual general meeting of shareholders in April. During this meeting, the company will report its 2023 business results with revenue of VND1,027 billion, down 46% year-on-year. However, thanks to the sudden increase in financial revenue and cost reduction, the company reported a profit after tax of VND176 billion, up 18% year-on-year.

At the end of 2023, DIC had total assets of about VND16,888 billion. Early last month, the company announced that it had successfully mobilized VND600 billion in individual bonds with a term of 3 years and an issuance interest rate of 11.25% per year.

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