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Board member of DHC eyes higher stake

Board member of DHC eyes higher stake
HCMC – Nguyen Thanh Nghia, a board member of Ben Tre-based Dong Hai Joint Stock Company, whose DHC shares are traded on the Hochiminh Stock Exchange (HOSE), has registered to buy more DHC shares.

Nghia will acquire one million DHC shares from March 7 to April 5 to raise his stake in the company to 11.87%.

Earlier, he bought 500,000 DHC shares between February 14 and 28, increasing his stake to 10.63% from 10.01%.

Last year, DHC posted VND3,942 billion in net revenue and VND378 billion in profit after tax, down 5.3% and 21.4% year-on-year, respectively.

At the close today, March 3, DHC slid 1.26% over the previous session to VND39,200 and reported a matching volume of around 96,500 shares.

On the HCMC exchange, the benchmark VN-Index shed 12.84 points, or 1-24%, from the session earlier to close at 1,024.77, with 82 advancers and 317 decliners.

Over 447 million shares worth VND7,210 billion changed hands, rising 20% in volume and 13.3% in value against the previous session. Trade in block deals accounted for VND1,223 billion with nearly 63 million shares.

Bank and financial service stocks were the main drag on the main index as most of them were losers.

Steel stocks continued contributing greatly to the market liquidity, with HPG, HSG and NKG among the five most traded stocks today.

HPG took the lead with over 24.1 million shares traded, followed by NKG and HPG with around 18.4 and 13.4 million shares, respectively.

The HNX-Index of the Hanoi Stock Exchange inched down 1.26 points, or 0.61%, from the previous session, at 204.89, with 66 winners and 99 losers.

There were over 62.5 million shares worth VND904.4 billion traded on the northern bourse, with 5.2 million shares valued at nearly VND165.3 billion transacted in put-through deals.

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