HCMC – Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank, HOSE: CTG) has registered to sell its entire 8.93% stake in Saigon Port JSC (UpCOM: SGP) after earlier attempts to divest the shares failed to attract buyers.
The lender plans to sell more than 19.3 million SGP shares between May 25 and June 23, reducing its ownership from 8.93% to zero.
VietinBank previously made several unsuccessful attempts to offload the stake. From March 2 to March 31, the bank registered to sell 19.34 million shares but sold only 26,500 shares. In another offering between April 13 and May 12, it did not sell any shares.
According to Saigon Port’s 2025 annual report, Vietnam Maritime Corporation is the company’s largest shareholder with a 65.45% stake. Other major shareholders are VPBank with 7.44% and Toan Thang Trading Service Development Company with 9.83%.
Saigon Port reported first-quarter revenue of VND293.7 billion, up 11.7% from a year earlier. Its net profit rose 32% to VND144.66 billion, while its gross profit margin improved to 35.5% from 34.7% a year earlier.
Closing the trading session today, May 19, CTG inched down 1.38% to VND35,800 on a volume of nearly 15.7 million shares, and SGP climbed 3.45% to VND24,000, with 61,300 shares changing hands.
The VN-Index fell 15.01 points, or 0.78%, to 1,912.93 as heavy selling hit oil and gas, energy, fertilizer, chemical, and rubber stocks.
On the Hochiminh Stock Exchange, losers outnumbered gainers by 223 to 90. Trading volume topped one billion shares, with value reaching VND32.36 trillion, up 21% from the previous session. Block deals accounted for VND5.35 trillion of the total value.
Several large-cap stocks in the VN30 basket hit their floor prices, including BSR, PLX, GAS, and GVR. BSR recorded matched volume of more than 31.7 million shares.
Other stocks in the same sectors also declined sharply. PVT and PVD in the oil and gas sector, along with rubber companies PHR and HRC, plunged to their floor prices. ASP, DGC, BFC, PVP, DPM, and DCM lost between 3% and 5%, while DPR dropped 6.67% to VND40,600 per share.
A few stocks moved higher despite the broader decline. CTR closed at its ceiling price of VND93,400, while VTP gained 5.1% to VND71,700.
PC1, NHT, and VVS also hit their ceiling prices. PC1 posted matched volume of more than 14.6 million shares.
GEX, SBT, and MSB rose more than 3%. GEX and MBS were among the most actively traded stocks on the exchange, each with matched volume of around 32-33 million shares.
On the Hanoi Stock Exchange, the HNX-Index edged up 0.1% to 259.5 points. Total matched volume reached more than 80.9 million shares, with trading value of VND1.77 trillion.
