Yesterday, ACLEDA Bank (ABC) shares on the Cambodia Securities Exchange (Cambodia Stock Exchange) closed at 11,000 Riels per share, and as of Tuesday morning, ACLEDA Bank's shares continued to rise to 12,100 Riels. One stock is up to 10%, the highest daily price.
As of 10:00 this morning, many investors are rushing to buy ACLEDA shares, and in the ongoing trading session (from 9:00 AM), the trading volume of ACLEDA shares will reach nearly 14,000 shares.
The strange thing is that those who want to buy stocks can not buy today, while sellers do not sell their shares, because they expect the shares they hold will continue to rise in price.
The reason for the increase in ACLEDA Bank's shares is after ACLEDA Bank announced the investment plan of ACLEDA Finance Co., Ltd. (AFT). ACLEDA Finance Company (AFT) will acquire ACLEDA Bank's shares on the Cambodia Securities Exchange and in accordance with the decision of the regulator, ACLEDA Finance Company (AFT) will acquire ACLEDA Bank's shares from 2022 to 2026 in accordance with the plan. And a five-year strategy.
The news of the acquisition of ACLEDA Finance Extra Stock (AFT) is good news for the stock market investors as well as providing additional investment support as ACLEDA Finance Extras (AFT) is one of the holding companies in the bank. ACLEDA holds about 25% of the total shares.
On the other hand, the reason why investors rush to buy ACLEDA shares may be because investors are worried that ACLEDA Finance Co., Ltd. (AFT) will collect a large number of shares, which will cause ACLEDA to continue to rise in price, so they are in a hurry to buy now. ACLEDA is still below market price.
