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Dragon Capital increases stake in FPT Retail

The Saigon Times

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HCMC – Fund management firm Dragon Capital has continued to raise its ownership in FPT Digital Retail Joint Stock Company by acquiring 490,000 more FRT shares on the Hochiminh Stock Exchange.

Dragon Capital conducted the transaction on September 25, increasing its stake in FPT Retail from 8.65% to 9.01%.

Hanoi Investments Holdings Limited, a member of Dragon Capital, bought 390,000 shares, while DC Developing Markets Strategies Public Limited Company as another member acquired 100,000 shares.

Previously, Dragon Capital acquired 175,200 FRT shares on September 14, making it one of the major shareholders of FPT Retail.

Regarding business performance, FPT Retail incurred losses of VND212.68 billion in the first half of this year, according to its semi-annual consolidated financial report.

At the close of the trading session today, September 29, the FRT stock surged by 4.46% over yesterday’s session to VND89,000 per share, with more than 1.6 million shares changing hands.

Regarding the stock market, the benchmark VN-Index of the Hochiminh Stock Exchange inched up 1.72 points, or 0.15%, over yesterday’s session, at 1,154.15 points, with 277 gainers and 212 losers.

More than 574.8 million shares worth over VND13.9 trillion were traded on the southern bourse, plunging by 16.83% in volume and 12.19% in value day-on-day. Block deals contributed more than VND1.9 trillion to the overall value, with 38.88 million shares transacted.

VHM and VIC remained two main supporters for the stock market, contributing 1.84 and 1.11 points to the overall index, respectively. Closing the trading session, VIC soared to VND46,850 per share, or 4.1%, with 13.57 million shares traded, while VHM increased by 2.25% to VND45,500.

On the Hanoi Stock Exchange, the HNX-Index rose by 1.85 points, or 0.79%, against the day earlier, at 236.35 points. The trade volume totaled 79.6 million shares worth VND1.5 trillion.

SHS took the lead by liquidity on the northern bourse, with over 21.5 million shares changing hands. Closing the session, SHS fell by 1.15% to VND17,200 per share.

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