HCMC – Vietnam Joint Stock Commercial Bank for Industry and Trade (HOSE: CTG) has registered to sell all 19.6 million shares it holds in Saigon Port JSC (UPCoM: SGP), offloading its entire 9.07% stake, with transactions expected to be completed by February 13.
The lender, VietinBank, plans to sell all 19,616,627 SGP shares from January 19 to February 13, reducing its ownership to zero, under an approved plan to offer the shares to the public, reported local media.
The move follows a failed auction in December 2025. VietinBank had offered the same number of shares at a starting price of VND29,208 per share.
The auction was scheduled for December 22 at the Hanoi Stock Exchange. However, no investors registered by the 3:30 p.m. deadline on Dec. 15, leading HNX to cancel the auction.
Saigon Port was equitized from a wholly state-owned enterprise under Vietnam Maritime Corporation and began operating as a joint stock company on October 1, 2015.
The company launched its initial public offering on June 30, 2015, on the Hochiminh Stock Exchange and its shares have been traded on the Unlisted Public Company Market (UPCoM).
As of September 30, 2025, major shareholders of Saigon Port included Vietnam Maritime Corporation with 65.45%, VietinBank with 9.07%, VPBank with 7.44%, Toan Thang Trading Service Development Company with 9.83%, and other shareholders holding less than 5%, accounting for 8.21%.
Closing the trading session today, January 16, CTG edged down 1% to VND39,600, with a trading volume of nearly 21.7 million shares.
The VN-Index rose 14.33 points, or 0.77%, to 1,879.13 on Friday, driven mainly by gains in Vingroup-related shares, while market liquidity fell sharply from the previous session.
On the Hochiminh Stock Exchange, 143 stocks gained and 174 declined. Trading volume reached more than 1.01 billion shares worth VND 34.37 trillion, down over 18% in volume and 16% in value day-on-day. Block deals accounted for more than 40.5 million shares valued at VND 2.32 trillion.
For the week, the VN-Index posted three gaining sessions and two declining sessions, rising 11.23 points, or 0.6%.
Vingroup-related stocks continued to have the strongest impact on the index. VIC rose 4.5% to VND159,900, VHM gained 3.4% to VND124,100, and VRE added 1.8% to VND32,000, together contributing nearly 16 points to the VN-Index.
Among other blue chips, FPT stood out as it remained at the daily ceiling, ending at VND105,300, with nearly 24 million shares traded.
MWG climbed 3.6% to VND87,000. Major banking stocks cooled, with TCB, BID, STB and VCB posting gains of around 1% or less.
On the downside, GAS, HDB and GVR led the decline, falling 3% to 4%, while DGC and VNM lost nearly 2%.
Mid- and small-cap insurance stocks, which advanced earlier in the session, retreated by the close, with BVH, MIG and BMI ending up modestly by 0.7% to 1.3%.
Retail and distribution stocks performed better, with PNJ and FRT rising 6%, while DGW surged to its ceiling price of VND46,000.
On the Hanoi Stock Exchange, the HNX-Index hovered around the reference level before moving lower. By the close, the northern exchange saw 87 gainers and 66 decliners. The HNX-Index fell 0.88 point, or 0.35%, to 252.28, with trading volume of more than 103.3 million shares worth VND 2.13 trillion.
