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Tuesday, July 23, 2024

PLX to divest from PG Bank

The Saigon Times

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HCMC – The Vietnam National Petroleum Group (PLX) has announced it will auction off its entire stake in the Petrolimex Group Commercial Joint Stock Bank (PGB).

It will put up 120 million PGB shares, or a stake of 40% in the bank, for auction on the Hochiminh Stock Exchange (HOSE), with a reserve price of VND21,300 per share.

PGB, formerly known as Dong Thap Muoi Rural Joint Stock Bank, was established in 1993. It now has 80 transaction offices and 16 branches nationwide.

At the close of the trading session today, March 1, PLX gained 3.62%, up VND1,350 to VND38,650, and reported a matching volume of around 495,100 shares.

The VN-Index of the HOSE rose 15.87 points, or 1.55%, from the session earlier, at 1,040.55, with 290 winners and 106 losers.

Trade on the southern bourse amounted to 523.6 million shares worth VND8.2 trillion, up 23.4% and 31% against the previous session, respectively. Over 54.9 million shares traded in block deals contributed over VND1.1 trillion to the overall value.

The VN30 basket saw 25 tickers rising, sending the VN30-Index up 19.47 points to 1,034.43, or 1.92%, over the previous session.

On the Hanoi exchange, the HNX-Index edged up 4.44 points, or 2.19%, from yesterday’s session, at 206.83, with 115 advancers and 59 decliners.

Over 59.6 million shares worth VND925 billion changed hands on the northern bourse, up 10.7% in volume and 22.3% in value compared to the previous session, of which 1.3 million shares valued at VND33.2 billion were transacted in put-through deals.

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