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Dragon Capital reduces stake in DGC

The Saigon Times

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HCMC – Fund manager Dragon Capital has reduced its ownership in Duc Giang Chemicals Group JSC, which is listed on the Hochiminh Stock Exchange (HOSE) under the stock code DGC, by selling more than 694,400 DGC shares.

Dragon Capital’s affiliated fund, Vietnam Enterprise Investments Limited, offloaded around 597,700 DGC shares, while DC Developing Markets Strategies Public Limited Company sold 161,980 shares.

Norges Bank sold 14,710 DGC shares, and Hanoi Investments Holdings Limited fund bought 80,000 shares.

After these transactions, Dragon Capital’s stake in Duc Giang Chemicals Group dropped from 6.02% to 5.84% of charter capital.

Prior to that, Dragon Capital bought 400,000 DGC shares on November 7, and continued to acquire 150,000 more DGC shares on December 11.

Closing the trading session today, December 21, DGC shares fell by 0.66% to VND91,000, with more than 1.7 million shares changing hands.

On the southern bourse, the benchmark VN-Index added 1.67 points, or 0.15%, day-on-day, at 1,102.43 points, with 214 gainers and 246 losers.

There were nearly 521 million shares worth over VND11.2 trillion transacted on the bourse, falling by 13% in volume and 15% in value against yesterday’s session. Block deals contributed nearly VND1.6 trillion to the overall value, with more than 69.5 million shares transacted.

The VN30 basket saw 10 stocks advancing, 12 declining, and eight remaining unchanged.

Among the gainers, BID stood out with an increase of just over 1%, reaching VND41,800.

Steel producer HPG took the lead by liquidity in the basket with more than 14.3 million shares transacted, closing the session at VND27,200.

On the Hanoi Stock Exchange, the HNX-Index added 0.31 points, or 0.14%, day-on-day, closing at 228.48 points, with 69 winners and 72 losers. The total trading volume reached nearly 46 million units, with a value of VND822.5 billion.

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