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Friday, July 19, 2024

Dragon Capital raises stake in FPT Retail

The Saigon Times

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HCMC – Dragon Capital has increased its ownership in FPT Digital Retail Joint Stock Company, whose FRT shares are listed on the Hochiminh Stock Exchange, from 7.91% to 8.04%.

Hanoi Investments Holdings Limited, a member of Dragon Capital, purchased 175,200 FRT shares on September 14. This transaction made Dragon Capital a major shareholder of FPT Retail JSC.

In related news, FPT Retail incurred a loss of VND212.68 billion in the first half of this year, according to its semi-annual consolidated financial report.

FPT Retail set a target of achieving VND34 trillion in revenue and VND240 billion in before-tax profit for 2023. With the poor business performance in the first half of 2023, the company is significantly far from its profit target for the full year.

Closing the trading session today, FRT decreased by 0.78% to VND88,500 per share, with 569,800 shares changing hands.

Regarding the stock market, the VN-Index of the Hochiminh Stock Exchange lost 13.37 points, or 1.09%, over yesterday’s session, at 1,212.72 points, with 150 winners and 370 losers.

The trade volume totaled over 963.6 million shares worth VND23 trillion, surging by 10% in volume and 13% in value. Of the total, 39.8 million shares valued at VND1.37 trillion were traded in block deals.

Almost all blue chips fell into the red, except for BCM, GVR, PLX and VRE. Notably, SSI plunged by 4.9% to VND34,750 per share, followed by MWG with a decline of 2.9% to VND54,200 per share.

Some stocks in the real estate and construction sectors also saw a sharp fall in prices. For example, CIG was down by 4.4% to VND7,000, while QCG fell by 4.3% to VND13,400 per share.

With 71 advancers and 101 decliners, the HNX-Index of the Hanoi Stock Exchange lost 2.95 points, or 1.16%, to 251.87 points. The total trading volume exceeded 101.4 million shares, with a value of over VND2.24 trillion.

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