HCMC – Dragon Capital has reduced its stake in PV Drilling (HOSE, ticker: PVD) to below 5%, so it is no longer the latter’s largest shareholder, said local media reports.
DC Developing Markets Strategies Public Limited Company, part of Dragon Capital, sold 600,000 PVD shares on November 5, reducing its stake from 1.35% to 1.24%.
After the transaction, Dragon Capital lowered its ownership from 5.1% to 4.996% and is no longer a major shareholder in PV Drilling.
It is worth noting that PVD shares have been continuously falling, from VND34,900 on April 2 to VND25,500 on November 8, or a loss of 26.9%. Closing the trading session today, November 11, PVD inched down by 0.59% to VND25,350 per share.
In terms of business performance, PV Drilling reported VND6.5 trillion in revenue in January-September 2024, up by 60.7% compared to the same period last year, and VND460.74 billion in after-tax profit, up by 34%.
On the southern exchange, the VN-Index of the Hochiminh Stock Exchange lost 2.24 points, or 0.18%, against the previous session, at 1,250.32 points, with 162 winners and 210 losers.
There were over 555.5 million shares worth VND13.9 trillion changing hands, up by VND43.4% in volume and 41% in value compared to the final session last week. Block deals contributed nearly VND2 trillion to the overall value.
The VN30 basket closed the session with a decline of nearly 7 points, with 10 stocks up and 19 stocks down. A highlight was the strong rebound of HPG shares, which rose 2.6% to reach the day’s peak price of VND27,700 per share.
This stock gave the largest boost to the market, while its liquidity surged to lead the market with nearly 41 million shares traded.
On the northern exchange, the HNX-Index inched down by 0.02 point, or 0.01%, at 226.86 points. The total trading volume reached VND49.6 million shares worth nearly VND910 billion.
