6PM Call: PLX Contributed the Most to the VNIndex’s Decline - DHA Update
​The VNIndex declined for the 4th consecutive session today, and was unable to withstand the selling pressure. PLX contributed the most to today’s drop. The company organized its AGM this morning, and announced its plan to sell 20 million treasury shares, as well as its target to become a member of the VN30 in July. Selling treasury shares will increase the free-float of PLX to 4.68%, very close to the minimum of 5% to be a member of the VN30. This may even allow it to be included in the FTSE Vietnam UCITS ETF.
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