THV: Explanation for the floor plunge for 5 consecutive sessions.
On 03/01/2012, Thai Hoa Viet Nam Group Joint Stock Company explained the stock floor plunge for 5 consecutive sessions from 22/12/2011 to 28/12/2011 as follows:
- Due to the current situation of Vietnam stock market, price of listed stocks including THV have continuously fallen.
- Price of THV has been low now, so its collar was narrow. If the price increases, it would be ceiling-hitting. Otherwise, if the price decreases, it would be floor-plunging.
- The company’s operation has been carried out as normal. The consecutive floor-plunging sessions were out of the Company’s control.
hnx
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