boiman
27-04-2009, 11:59 AM
The stock market’s recent rallies have come as a boon to both local and foreign institutional investors, who have offloaded shares to restructure their portfolios.
On April 14, when the VN-Index reached 347.07 points, or up 47 percent from a four-year low on February 24, PetroVietnam Finance Joint-Stock Corp. sold 126,000 shares of Pha Lai Power, its entire stake, though it had registered to sell the shares over one year from April 13.
Over the past two months, PVFC, as the company is known, has dumped a large number of other shares too.
It pared its stake in [url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=KHA&q=KHA" target=_blank>KHA (Khanh Hoi Import Export Co.) from 6.12 percent to 4.99 percent, in DIC (DIC Investment and Trading Co.) from 9.69 percent to 8.21 percent, and in PNC (Phuong Nam Cultural Corporation) shares earlier this month and registered to sell four million
On April 14, when the VN-Index reached 347.07 points, or up 47 percent from a four-year low on February 24, PetroVietnam Finance Joint-Stock Corp. sold 126,000 shares of Pha Lai Power, its entire stake, though it had registered to sell the shares over one year from April 13.
Over the past two months, PVFC, as the company is known, has dumped a large number of other shares too.
It pared its stake in [url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=KHA&q=KHA" target=_blank>KHA (Khanh Hoi Import Export Co.) from 6.12 percent to 4.99 percent, in DIC (DIC Investment and Trading Co.) from 9.69 percent to 8.21 percent, and in PNC (Phuong Nam Cultural Corporation) shares earlier this month and registered to sell four million