HCMC – Phan Ngoc Hieu, a board member of PC1 Group JSC, has registered to sell his entire stake totaling more than 15.55 million PC1 shares.
He said the sale is intended to restructure his investment portfolio and is expected to take place from August 30 to September 27 through either block deals or order-matching transactions.
If the sale proceeds as planned, Hieu’s ownership in PC1 will decrease from 5% to zero, removing him from the list of major shareholders.
PC1 reported revenue of VND5.26 trillion for the first half of 2024, surging by 76.5% year-on-year, according to its second-quarter earnings report. Its net profit in this period rocketed nearly 3.5 times to VND203.72 billion.
Closing the trading session today, August 29, PC1 edged down by 1.57% to VND28,300 per share, with nearly three million shares traded.
With 174 winners and 214 losers, the benchmark VN-Index ended nearly flat on Thursday, closing at 1,281.47 points, a gain of just 0.03 point.
Trading volume and value on the Hochiminh Stock Exchange fell by 12% and 14%, respectively, to over 634 million shares worth VND14.03 trillion. Block deals accounted for VND1.3 trillion of the total value.
Bank stocks, which had provided support during the morning session, lost momentum by the close. STB, the most actively traded bank stock, rose by 3.1% to VND30,450 per share.
Other bank stocks, including VCB, ACB and MBB, recorded only slight gains, up by 0.44%, 0.61%, and 0.81%, respectively. Lenders VPB, TCB and VIB ended flat.
Securities broker VIX took the lead by liquidity, with 54.5 million shares changing hands. Despite the high trading volume, its share price inched up by only 0.8% to VND12,150 per share.
The HNX-Index of the Hanoi Stock Exchange lost 0.35 point, or 0.15%, to 237.88 points. Trading volume on the northern exchange reached 33.5 million shares valued at VND589.5 billion.
