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VTP to leave UPCoM for HOSE next week

The Saigon Times

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HCMC – Viettel Post Joint Stock Corporation has received approval from the Hochiminh Stock Exchange (HOSE) to list nearly 122 million VTP shares from March 12.

The decision to list on HOSE comes after the cancellation of VTP shares’ trading registration on the Unlisted Public Company Market, or UPCoM.

The reference price for its debut on HOSE will be set at VND65,400 per share, with a trading band of 20% around this price on the debut day.

With charter capital of VND1.2 trillion, VTP is a member of the military-run Viettel Group and operates a logistics ecosystem offering services such as express delivery, supply chain management, and cross-border e-commerce.

During its last trading session on UPCoM on February 29, VTP closed at over VNND78,400 per share, with a matching volume of more than 1.7 million shares.

Closing the trading session today, March 4, the VN-Index edged up by 3.13 points, or 0.25%, to 1,261.41 points, with 276 winners and 190 losers.

Stock trade improved by 22.9% in volume and 20.5% in value, with 1.18 billion shares valued at VND28.6 trillion changing hands. Block deals amounted to 122.3 million shares worth nearly VND2.7 trillion.

Industrial estate stocks outpaced the market, with KBC shooting up to its upper limit of VND33,350 per share, the highest in six months. It was the third most actively traded stock on the southern market.

Real estate stocks DIG and NVL closed 2% and 1.2% higher, respectively. Both stocks led the market by liquidity, with their respective trading volumes reaching 49.27 million shares and 38.23 million shares.

On the Hanoi Stock Exchange, the HNX-Index rose by 0.95 point, or 0.4%, to 237.38 points, with 116 advancers and 64 decliners.

Total trading volume on the northern exchange reached nearly 104.2 million shares valued at around VND2.1 trillion.

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