Kosy Group shares rebound after 90% value drop

Kosy Group (KOS) shares have experienced a sudden reversal, marking two consecutive daily ceiling increases. On November 2, the stock rose 6.9% to 4,340 VND per share, following a previous ceiling increase on October 30. This recovery follows a severe decline where the stock price plummeted approximately 90%, falling from nearly 35,000 VND to 3,800 VND in just over a month.

The price volatility occurred amid significant forced liquidations of shares held by major shareholders and individuals related to the company leadership. Kosy Real Estate Investment Co., Ltd., an entity linked to Chairman Nguyen Viet Cuong, had nearly 2.3 million KOS shares sold via forced liquidation by a securities company between October 27 and October 30. Previous liquidations also affected related parties, including Nguyen Trung Kien, the Chairman's brother.

Despite the recent rebound, the stock price remains approximately 84% lower than its level prior to the crash. Trading volume has surged significantly, with recent sessions seeing high liquidity compared to the previous period of near-zero demand.