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Wednesday, July 24, 2024

LUT shares to be delisted next month

The Saigon Times

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HCMC – The Hanoi Stock Exchange (HNX) has announced it will delist nearly 15 million LUT shares of Luong Tai Invesment and Construction Joint Stock Corporation on June 21, with a total face value of around VND150 billion.

The company will be delisted due to its auditor, Nam Viet Auditing and Accounting Financial Consulting JSC, issuing a disclaimer of opinion on the firm’s 2022 financial statements.

According to Article 120 of Government Decree 155/2020 guiding the execution of the Securities Law, a public company will face compulsory delisting when the auditing firm refuses to audit or has adverse opinions or refuses to offer opinions about the latest annual financial statement of the listed company or has qualified opinions about the annual financial statements for three consecutive years.

The company recorded a net loss of VND621 million in the first quarter this year while it earned VND134 million in profit in the same quarter last year.

At the time of announcement, LUT shares were priced at VND1,700 each.

Today, May 30, the benchmark VN-Index of the Hochiminh Stock Exchange added 3.07 points, up 0.29%, from the previous session, to 1,078.05 points. The southern bourse saw 225 winners and 156 losers.

With over 922.9 million shares worth VND16.4 trillion changing hands, trade on the market rose 9% in volume and 20% in value day-on-day, including 106.9 million shares valued at VND2.8 trillion traded in block deals.

Lender VCB was a key driver today as it contributed 1.6 points to the main index, with a matching volume of 564,500 shares and a gain of 1.5% to VND94,500 per share.

There were 13 bluechips rising and 10 others dipping in the VN30 basket. Real estate developer PDR increased the sharpest with a gain of 5.8%, while VHM lost 1.1%, the steepest fall among losers.

GVR, FPT, VCB, MSN, MWG, and NVL jumped between 1.1% and 2.3%. The VN30-Index inched up 2.05 points to 1,071.82.

Real estate and construction stocks continued to attract cash flow, with many of them shooting up to their daily upper limit, including FCN, VRC, KPF, QCG, CIG, LGL and TDH.

NVL took the lead by liquidity today with a matching volume of more than 28.1 million shares, followed by PDR with 22.7 million shares traded.

With 101 advancers and 68 decliners, the HNX-Index of the Hanoi exchange extended its winning streak to five straight sessions, inching up 1.03 points, or 0.47%, to 221.33 points.

There were over 111.9 million shares worth VND1.8 trillion changing hands on the northern market.

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