HCMC – The Hochiminh Stock Exchange, or HOSE, will remove trade restrictions on the HBC stock of Hoa Binh Construction JSC from tomorrow, January 19, according to the local media.
HBC shares will be eligible for full-time trading starting from January 19. However, they will remain under supervision due to the company’s failure to submit its audited financial statements for two consecutive years (2021-2022).
Following the aforementioned decision, HBC shares soared by 6.9% to their ceiling price today, at VND8,680. Nearly 5.73 million HBC shares were traded on the southern bourse, almost five times as many as the stock’s average trading volume over the last 10 sessions.
Regarding its business performance, Hoa Binh Construction JSC made VND5.3 trillion in revenue between January and September 2023, plummeting by 50.9% over the same period in 2022.
The company has set a target of generating VND10.8 trillion in revenue and VND433 billion in after-tax profit this year.
On the southern bourse today, January 18, the VN-Index added 6.53 points, or 0.56%, against the previous session, closing at 1,169.06 points. There were 289 stocks advancing, 167 declining, and 124 staying at its reference price.
Trade volume plunged by 23% to 596.2 million shares, while trading value also declined by 21% to VND13.2 trillion. Block deals contributed nearly VND793.5 billion to the overall value, with 26.5 million shares changing hands.
VHM was one of the key drivers for the market today, as it surged by 3.1% to VND43,200 per share.
Bank stocks were the most liquid ones, with SHB and MBB continuing to lead in trading volume with 25.1 million and 23.6 million shares changing hands, respectively.
On the Hanoi Stock Exchange, the HNX-Index added a marginal 0.19%, or 0.42 points, closing at 229.93 points, with 80 winners and 74 losers. The total trading volume reached 47.7 million shares valued at over VND863.2 billion.
