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Tuesday, June 18, 2024

DCM to export products to Australia, New Zealand

The Saigon Times

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HCMC – PetroVietnam Ca Mau Fertilizer JSC (HOSE: DCM) is about to ship a batch of high-quality fertilizers to Australia and New Zealand.

The company is preparing for its first shipment of granular urea exports to New Zealand, while also completing the final procedures to obtain approval for exporting products into the Australian market.

This is an optimistic sign showcasing the company’s determined efforts to expand its presence in major international markets.

As of now, the company’s products have been present in 18 countries, with the export volume in 2023 reaching 344,000 tons. Its export value was estimated at around US$136 million, accounting for 25% of the total revenue from the company’s fertilizer products.

Closing the trading session today, DCM moved sideways at VND34,000 per share, with more than 3.3 million shares transacted.

With winners outnumbering losers by 321 to 153, the VN-Index of the Hochiminh Stock Exchange gained 3.97 points, or 0.33%, over the previous session on February 7 to 1,202.5 points.

The total trading volume reached over 868.7 million shares, worth nearly VND19.4 trillion, a 27% increase in volume and a 25% rise in value over the session on February 7. Block deals contributed VND772.7 billion to the overall value, with nearly 25 million shares transacted.

Bank stocks performed well today, with TCB rising by 3% to VND38,400 per share, and MBB increasing by 2.8% to VND24,150 per share.

Lender SHB took the lead by liquidity in the market with more than 44.4 million shares changing hands. Closing the session, it increased by 2.2% to VND11,900.

On the Hanoi stock market, the HNX-Index added 1.71 points, or 0.74%, at 232.75 points, with 106 advancers and 56 decliners. There were more than 59.2 million shares worth VND1.23 trillion changing hands on the market.

TVC was in the spotlight as it soared by 9.7% to VND7,900 per share, with 1.35 million shares transacted.

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