HCMC – Binh Son Refining and Petrochemical Company Limited (BSR) has obtained approval from the Hochiminh Stock Exchange (HOSE) to list more than 3.1 billion BSR shares on the southern bourse. The exact listing date has not yet been disclosed.
BSR first traded on the UPCoM stock exchange in March 2018. Over time, this stock has consistently been one of the most traded on the exchange for unlisted firms.
In anticipation of its shift to HOSE, the stock has drawn huge investment capital in recent times. Closing the trading session today, December 13, BSR surged by 4.65% day-on-day to VND22,500, maintaining a steady upward trend since mid-November.
BSR is the operator of the Dung Quat Oil Refinery, Vietnam’s first oil refinery. By the end of June, the Vietnam Oil and Gas Group (PVN) remained the sole major shareholder of BSR, owning 92.13% of its capital.
On the southern exchange, the VN-Index of the Hochiminh Stock Exchange today lost 4.78 points, or 0.38%, against the previous session, at 1,262.57 points, with 105 winners and 280 losers.
Around 478.8 million shares worth VND11.4 trillion were transacted, down by 13.6% in volume and 15.4% in value compared to yesterday’s session. Block deal transactions contributed around VND1.96 trillion to the overall value.
The market saw three stocks with liquidity exceeding 10 million shares, all belonging to the VN30 basket. HPG led with 17.27 million shares traded, closing down 1.1%. TCB and SSI both saw around 11 million shares exchanged, with TCB rising 0.4% and SSI falling 0.8%.
After 11 consecutive sessions of hitting the upper limit, VCA today came under strong selling pressure and dropped 6.8% to VND16,400 per share, with trading volume reaching 0.34 million shares.
On the northern bourse, the HNX-Index inched down by 0.98 point, or 0.43%, at 227 points. Around 39.4 million shares, valued at VND651.7 billion, were traded.
