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Monday, December 2, 2024

VinaCapital’s investment fund to sell 8 million PVS shares

The Saigon Times

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HCMC – Vietnam Investment Property Holding Limited, a member of VinaCapital, has announced to sell eight million shares of PetroVietnam Technical Services Corporation (HNX: PVS) to restructure its portfolio.

The transactions are set to take place from December 2 to December 31 through block and matching deals.

After completing the sale, the investment fund will reduce its ownership in PVS from nearly 15.7 million shares, accounting for 3.28%, to just under 7.7 million shares, or 1.6% of the charter capital.

Previously, two other member funds of VinaCapital, VINACAPITAL-VMEEF and the VINACAPITAL-VESAF, purchased 400,000 and 300,000 PVS shares from November 7 to November 20, respectively.

Closing the trading session today, December 2, PVS inched down by 0.29% against the final session last week to VND34,300 per share, with 1.7 million shares changing hands on the northern market.

Regarding stock news, the VN-Index today added 0.75 point, or 0.06% compared to the session on November 29, closing at 1,251.21 points, with 147 winners and 221 losers.

More than 497.4 million shares worth VND11.97 trillion were transacted on the southern exchange, down by 1.1% in volume and 11.1% in value against the final session last week. Block deal transactions contributed about VND2.4 trillion to the overall value.

The VN30 index dropped by 2.5 points as 17 stocks declined and only nine saw gains. Among them, BVH continued to extend its gains, rising 3.2% to VND49,000 per share, while VCB increased by 1%, closing at VND94,200. The other stocks experienced only minor fluctuations, with changes of around 0.5%.

On the northern bourse, the HNX-Index rose by 0.68 point, or 0.3%, at 225.32 points, with 76 stocks advancing and 58 declining. The total trading volume reached over 33.6 million shares, with a value of VND608.5 billion.

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