At the end of the session, VN-Index decreased below 1,020 points
According to VNExpress, at the end of the trading session on May 21, the VN-Index decreased by 25.56 points (equivalent to 2.46%), to 1,015 points. On the Hanoi floor, both major indexes, HNX-Index and UPCOM-Index, also sang in the red with decreases of 1.33% and 0.83%, respectively.
The range between opening and closing prices is being stretched due to the main influence of the blue chip group. Meanwhile, liquidity continued to decline because the trading market was less than VND4,500 billion. If negotiated transactions are excluded, liquidity has fallen below 4,000 billion.
The Gioi Di Dong continuously closes phone stores
Di Dong World Joint Stock Company (CK code: MWG) has just released its performance report for the first 4 months of the year with a high growth rate in both revenue and profit. However, the number of The Gioi Di Dong stores continues to decline.
According to this report, the chain size by the end of April was 1,065 stores, down 6 stores compared to the end of January. In the first 4 months of the year, The Gioi Di Dong closed 7 stores, the first time in many consecutive years of expanding scale.
LG Group Chairman passes away
According to Reuters, LG Group's chairman, Mr. Koo Bon Moo, passed away on May 20 after a year of fighting the disease.
Over his 20 years of operation, Koo Bon Moo has helped Korea's fourth largest corporation become a global brand, expanding its business empire to focus on three key areas, including consumer electronics, chemicals and telecommunications.
Before Chairman Koo passed away, LG established a joint stock company to rationalize its ownership structure and begin the inheritance process. Mr. Koo has sent his adopted son, Mr. Koo Kwang Mo, 40, to succeed him as the head of the group.
