VDS: Explanation for 5 consecutive ceiling-hitting sessions

On 27/02/2012, Viet Dragon Securities Corporation explained the stock ceiling hitting for 5 consecutive sessions from 20/02/2012 to 24/02/2012 as follows:

Because the price of VDS stock has been quite low (much lower than book value), as the market has fine signals, VDS stock has got the interest of investors. The turns of VDS stock price completely complied by the law of supply and demand, the trading of VDS stock was because of the demand of investors and was out of company’s control.

Moreover, the operation of company had no anomaly beside the disclosed information and operation results of 2011 that have been fully disclosed on company’s website and reported to the State Securities Commission and Hanoi Stock Exchange.

hnx

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