HCMC — Tay Ninh Rubber JSC (HOSE: TRC) has announced it plans to sell all its stock of 875,000 treasury shares in the second half of this year.
The shares will be sold at market price but not below VND51,000 each. TRC shares have fallen 21.6% from VND85,100 on March 25 to VND67,300 per share on July 9.
In the first quarter of the year, TRC reported revenue of VND226.13 billion, surging 55.4% over the same period lasr year. Net profit rocketed 357.7% to VND70.4 billion.
The company said improved gross margin—from 21.6% to 38.9%—helped lift gross profit by 180.1% to VND87.88 billion.
Vietnam’s benchmark VN-Index rose on Wednesday, led by gains in banking and real estate stocks, with strong trading activity across large-cap and brokerage shares.
The VN-Index climbed 15.86 points, or 1.12%, to 1,431.32 points, with 192 winners and 127 losers. Trading volume and value improved by 22% and 25% over the previous session, with nearly 1.5 billion shares worth VND35.43 trillion changing hands, respectively.
The VN30-Index, which tracks the 30 largest-cap stocks, added 14 points to close at 1,543.27 points, with 23 gainers and six losers. VCB rose 4.2% to VND61,500, contributing over five points to the VN-Index. It saw 16.45 million shares traded, with foreign investors net buying nearly 4.2 million shares.
Real estate stocks VHM and VIC added over four points to the main index. VHM gained 3.3% to VND81,800, while VIC rose 1.8% to VND95,000.
Brokerage shares remained active. ORS closed at its ceiling with 25.4 million shares traded. SSI advanced 5.5%, with volume topping 72.5 million shares. Foreign investors net bought nearly 17 million shares.
Bank shares continued to support the market. VPB added 2.3%, TPB climbed 6.4%, and HDB jumped 3%. SHB was the most traded stock with over 111.6 million shares, but fell 1.1% to VND14,000 despite net foreign buying of 19 million shares.
The real estate sector was among the top three contributors to the market uptrend. In addition to Vingroup stocks, developers like DXG, DIG, and PDR posted modest gains with strong liquidity.
On the Hanoi Stock Exchange, the HNX-Index increased 0.95 point, or 0.4%, to 238.63 points, with 105 stocks up and 60 others down. Trading volume on the northern exchange reached 165.9 million shares worth a total of VND2.76 trillion.
