On November 20, the Vietnamese stock market saw the VN-Index increase by 7 points, but the number of decliners outnumbered gainers. In this context, VTC shares from VTC Telecom hit a new high of 9,900 VND/share, the highest price in nearly 1.5 years. Similarly, ABC shares from VMG Media surged by 8.4%, closing at 14,200 VND/share, with trading volume reaching almost 800,000 shares. The upward trend for these stocks was driven by news that VNPT would auction all its shares in these companies at prices significantly above the current market rates. VNPT plans to sell over 2.1 million VTC shares at a starting price of 49,200 VND/share and 5.77 million ABC shares at 32,950 VND/share. The purpose of this divestment is to focus resources on core sectors, especially in digital infrastructure and services, as both companies report disappointing financial outcomes.
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