HCMC – BCG Shares of Bamboo Capital Group JSC will be subject to trading restrictions on the Hochiminh Stock Exchange (HOSE) starting May 27 due to its failure to submit the audited financial report for 2024 on time.
According to a notice issued by HOSE on May 20, if the delay persists, BCG shares may face further sanctions, including trading suspension or delisting.
Under the new trading system developed by the Korea Exchange (KRX), restricted stocks like BCG can only be traded through multiple periodic matching sessions, each lasting 15 minutes. Block deals and odd-lot transactions are not permitted for these stocks.
Despite the reporting delay, BCG’s unaudited financial results for the fourth quarter of 2024 showed solid growth. Full-year revenue reached VND4.37 trillion, up 9% year-on-year, while after-tax profit surged 394% to VND845 billion.
The announcement sent BCG shares plunging to their floor price of VND3,200 today, May 21, with nearly 27 million shares changing hands.
The benchmark index rose 0.6% on Wednesday, supported by gains in real estate stocks, with VHM and several other property firms hitting their ceiling prices. With 137 winners and 183 losers, the VN-Index gained 7.9 points to 1,323.05 points.
Stock trade improved 11.8% in volume and 10% in value over the previous session, with 1.06 billion shares worth VND25.2 trillion changing hands. Block deals accounted for 91 million shares valued at VND2.6 trillion.
VHM surged to VND67,300, leading a sector-wide rally. NVL, VCG, TEG, CII, and GEX also reached their upper trading limits. GEX saw the largest ceiling-price buy surpluses with over 8 million shares, followed by NVL with 7.55 million.
VIC reversed earlier losses, closing 2.19% higher at VND93,500. Several other real estate stocks rose more than 3%.
In the banking sector, STB performed well with a 5.82% gain, ending at VND41,800. EIB, VPB, and SHB posted gains of around 1%. BID, VCB, TPB, and others ended flat, while LPB declined 1.21%.
Securities stocks mostly declined, with ORS down 2.28% and VDS falling 1.67%. Steel stocks showed limited movement, with HSG, HPG, and VCA seeing minor gains.
Liquidity remained highest in the banking sector. SHB took the lead with 78.34 million shares traded, followed by VPB with 68.31 million and VIX with 49.4 million.
On the Hanoi Stock Exchange, the HNX-Index dropped 0.24 point, or 0.11%, to 217.46 points, with 65 advancers and 87 decliners. Trading volume on the northern bourse reached 71.1 million shares valued at VND1.06 trillion.
