HCMC – DGC shares of DucGiang Chemicals Group JSC were placed under trading restriction by the Hochiminh Stock Exchange on May 19 after the company failed to submit its 2025 audited financial statements more than 45 days past the deadline.
Under the restriction, DGC shares can only be traded during afternoon sessions through order matching and block deals.
Earlier this month, HOSE moved the DGC stock from warning status to supervisory control, effective May 13, after the company delayed filing the audited report by more than 30 days.
The company said its board approved the appointment of UHY Audit and Advisory Services Limited as auditor for the 2025 financial statements on May 8. The audit contract was signed three days later. It added that the audit process is being accelerated and the audited report is expected to be released in the second quarter of 2026.
According to the company’s self-prepared earnings report, its first-quarter revenue fell 24.4% year-on-year to VND2.12 trillion, while its after-tax profit plunged 48.6% to VND430 billion.
Its gross profit margin declined to 23% from 34.9% a year earlier.
Closing the trading session today, May 20, DGC edged down 2.2% to VND48,800, with over 5.4 million shares changing hands.
The benchmark VN-Index moved sideways as bargain hunting helped the market recover from steep intraday declines in real estate and energy stocks. The index edged up 0.3 point, or 0.02%, to 1,313.23 points, with 79 winners and 239 losers on the Hochiminh Stock Exchange.
Trading volume reached nearly 1.2 billion shares worth VND31.79 trillion. Volume rose 19% from the previous session, while trading value fell 2%. Block deals accounted for 118.9 million shares valued at VND2.64 trillion.
Real estate stocks led market volatility, with many shares in this sector briefly hitting their floor prices before recovering late in the session. By the close, only HHS, HAR and DXG remained at the lower limit. HDC, CII, DIG and HTN still lost more than 5%, while NVL and EVG dropped over 4.5%.
Buying demand also returned to oil and gas shares. BSR reversed from a floor-price decline to close up 2.09% at VND31,800, with more than 27.3 million shares traded. PLX climbed 4.4% to VND43,850 after earlier falling close to its floor price. GAS recovered from a loss of more than 6% to end up 3.7% at VND89,700.
Natural rubber stocks also rebounded. PHR surged to its ceiling price of VND69,900, while GVR reversed from a floor-price slide to gain 2.87% to VND37,600.
Bank stocks remained mostly lower. HDB posted the sharpest fall among lenders, down 3.37% to VND25,800. MSB narrowed its loss to 0.35% after falling more than 4% in the morning session.
Brokerage shares stayed in negative territory, although losses narrowed compared with the morning session. SHB was the most actively traded stock with 105.6 million shares changing hands, followed by VIX with 50.9 million shares.
On the Hanoi Stock Exchange, the HNX-Index increased 1.83 points, or 0.71%, to 261.33, with 41 advancers and 90 decliners. The northern bourse saw 89.6 million shares worth VND1.6 trillion changing hands.
