Foreign investors exchange 3.9m FPT shares

February 18, 2019 - 17:37

Foreign institutional investors traded nearly 3.9 million shares of tech firm FPT Corporation on Friday, according to the Vietnam Securities Depository (VSD).

IT technicians work at FPT Software Village - a tech hub run by IT group FPT Corporation at Hà Nội’s Hòa Lạc High-Tech Park. Foreign investors on Friday traded nearly 3.9 million shares of the IT giant. — Photo vozforums

Viet Nam News

HÀ NỘI — Foreign institutional investors traded nearly 3.9 million shares of tech firm FPT Corporation on Friday, according to the Vietnam Securities Depository (VSD).

Foreign investment fund VOF Investment Limited of the asset management firm VinaCapital sold more than 3.55 million FPT shares to two foreign funds – Florida Retirement System (500,000 shares) and Macquarie Bank Limited (3.05 million shares).

The Australia-based fund Macquarie Bank Limited on the same day purchased 330,000 FPT shares from Forum One – VCG Partners Vietnam Fund and SHBNPP Vietnam Security Master Investment Trust.

The total value of the deals was not disclosed.

FPT Corporation recorded VNĐ23.2 trillion (US$996.3 million) and VNĐ3.85 trillion, respectively, in its total revenue and pre-tax profit for 2018.

The earnings figures were down 47 per cent and 9 per cent from 2017’s numbers.

FPT shares were listed on the Hồ Chí Minh Stock Exchange with ticker FPT. The company’s shares inched down 0.1 per cent to end Monday at VNĐ44,200 ($1.89) per share. — VNS

Tags Vietnam trade FPT shares foreign investors Vietnam News VSD news

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