HCMC – Pacific Petroleum Transportation JSC, or PVTrans Pacific, will launch its PVP shares on the Hochiminh Stock Exchange (HOSE) on January 17, according to a HOSE announcement.

With its charter capital of over VND940 billion, PVTrans Pacific will have more than 94 million PVP shares listed. The starting price for the first trading session will be VND10,350.

PVTrans Pacific began trading its shares on the Unlisted Public Company Market (UPCoM) in mid-December 2016 at VND11,000 each. After over seven years of trading on the UPCoM, PVTrans Pacific delisted its shares from the UPCoM yesterday.

By the end of last year, PetroVietnam Transportation Corporation (PVTrans/PVT) and Vietcombank Securities Company (VCBS) remained the two biggest shareholders of PVTrans Pacific. PVTrans owns 61.2 million PVP shares, equivalent to a 64.9% stake, in PVTrans Pacific. VCBS holds 10 million PVP shares, or a 10.61% stake.

As for its business performance from January to September last year, PVP obtained VND961 billion in revenue and more than VND207 billion in after-tax profit, up 7.8% and 34% year-on-year, respectively.

In the local stock market, the benchmark VN-Index of the HOSE closed almost unchanged compared to the previous session at 1,053.35 points today, with 210 advancers and 174 decliners.

Trade on the HCMC bourse rose 15% in volume and 14% in value against yesterday at more than 546 million shares and around VND9.7 trillion, including over VND2.5 trillion worth of shares traded in block deals.

The VN30 basket saw 13 stocks rising, 11 others dipping, and the remaining six moving sideways. Among the gainers, fuel distributor PLX soared 3.8%, and two lenders ACB and STB improved over 1% each.

Steelmaker HPG was the most actively traded stock on the HCMC exchange, reporting a matching volume of more than 26.8 million shares. Lender STB saw 14.7 million shares traded and its fellow VPB some 13.4 million shares.

Among small and medium stocks, many stocks in the construction and public investment fields closed on an upbeat note, such as VCG, HHV and KSB. VCG ranked second by liquidity on the HCMC market, with more than 15.7 million shares changing hands.

The HNX-Index of the Hanoi market added 0.96 point, or 0.46%, over the session earlier at 210.63, with 90 winners and 46 losers.