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HOSE to delist TGG shares next week

The Saigon Times

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HCMC – The Hochiminh Stock Exchange (HOSE) has announced it will delist some 27 million TGG shares of Golden Group JSC on December 18, with a total face value of around VND273 billion.

The move follows HOSE’s earlier decision to suspend the trading of TGG shares from September 18 due to the firm’s delays in submitting its 2022 audited financial statements and its 2023 audited semi-annual earning reports.

Its January-September revenue nosedived by 99.5% year-on-year to a mere VND3 billion. The firm also incurred a loss of VND21 billion during this period.

TGG shares were priced at VND2,370 each at the close today, December 13.

The VN-Index on the HOSE plunged by 1.19%, or 13.43 points, to 1,114.2 points, as losers far outnumbered winners by 448 to 89.

Trade volume and value surged by 30% over the previous session, with 844 million shares worth VND18.4 trillion changing hands. Block deals accounted for 80.4 million shares worth VND2.2 trillion.

The VN30 basket, the 30 largest-cap stocks, was the main drag on the main index, with 27 bluechips dipping. Only three stocks – BVH, VJC and HDB – managed to advance 1%, 0.5%, and 0.3%, respectively. The VN30-Index shed 14.38 points to end at 1,106.83 points.

VRE was the biggest decliner with a 2.7% drop while HPG caused the benchmark index to lose 0.86 point as it inched down by 1.28%. HPG was the most actively traded stock on the bourse, with 33.3 million shares matched.

The Hanoi Stock Exchange echoed the downward trend on the HOSE, with 113 decliners and 50 advancers. The HNX-Index slipped by 3.29 points, or a 1.42% decrease, to 228.42 points.

There were 97.2 million shares valued at VND2 trillion being traded on the northern bourse.

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