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VietNamNews

PetroVietnam becomes largest Ha Noi stock

Update: August, 23/2014 - 09:48

HA NOI (VNS)  — PetroVietnam Technical Services (PVS) has surpassed Asia Commercial Bank (ACB) as the largest stock on the Ha Noi Stock Exchange.

Since the beginning of the year, the price of PVS stock has jumped by 90 per cent. It closed during yesterday's session at VND37,400 ($1.7), up by 0.5 per cent.

PVS has a capitalisation of VND16.6 trillion (US$783 million), accounting for 13.3 per cent of the exchange's market value.

ACB currently has a capitalisation of VND14.3 trillion ($674.5 million). Although the share has become less attractive to investors, foreign ownership in the bank remained at 30 per cent. It closed yesterday at VND15,300 ($0.7).— VNS


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