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Dragon Capital increases stake in DGC

The Saigon Times

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HCMC – Fund management firm Dragon Capital has increased its ownership in Duc Giang Chemicals Group JSC, which is listed on the Hochiminh Stock Exchange (HOSE).

Norges Bank, a member of Dragon Capital, purchased 150,000 DGC shares on December 11, increasing the group’s ownership from from 5.98% to 6.02%.

In prior transactions, Dragon Capital acquired 400,000 DGC shares on November 7.

Regarding business performance, Duc Giang Chemicals Group reported revenue of over VND2.4 trillion and after-tax profit of VND802 billion in the third quarter of 2023, declining by 33.3% and 47% year-on-year, respectively.

In January-September, Duc Giang Chemicals Group made VND7.3 trillion in revenue and VND2.5 trillion in after-tax profit, falling by 35.1% and 49.1% versus the year-ago period, respectively. With this result, however, the company achieved 83.5% of its annual profit target.

Closing the trading session today, December 14, DGC fell by 0.95% day-on-day to VND95,000, with 1.5 million shares transacted.

With 138 gainers and 384 decliners, the benchmark VN-Index of the Hochiminh Stock Exchange shed 4.07 points, or 0.37% against yesterday’s session, closing at 1,110.13 points.

More than 681 million shares worth nearly VND14.7 trillion were traded on the southern bourse, down 19% in volume and 20% in value. Block deals contributed more than VND2.5 trillion to the overall value, with 77.1 million shares traded.

Steel maker HPG took the lead by liquidity with over 31.7 million shares transacted, closing the session at VND27,050, falling 1.1% over yesterday’s session.

It was followed by real estate developer NVL with more than 30.6 million shares changing hands at VND16,300 per share, plunging by 4.1% day-on-day.

With 70 winners and 91 losers, the HNX-Index on the Hanoi Stock Exchange lost 1.19 points, or 0.52% day-on-day, at 227.23 points. There were around 80.9 million shares worth nearly VND1.6 trillion traded on the northern bourse.

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