Phat Dat gets approval for two residential projects in Binh Duong

HCMC – Phat Dat Real Estate Development JSC (stock code: PDR) has secured approval from Binh Duong Province for two residential towers worth a combined VND9.3 trillion.

Thuan An 1 complex, covering 18,147 square meters, will be able to accommodate over 3,800 residents across its 39 floors. The tower will have three to four basements and provide more than 3,100 units.

Covering over 26,500 square meters, Thuan An 2 complex will be able to house 3,985 people with around 3,500 units and 17 townhouses. Matching its counterpart in height, the tower will also have 39 stories and three or four basements. The project is slated to yield around 3,500 apartments and 17 multi-level duplexes.

Its PDR shares inched up 0.22% at the close of the trading session today, August 17, at VND22,850 per share, with a matching volume of 16.3 million shares.

The VN-Index of the Hochiminh Stock Exchange shed 9.78 points, or 0.79%, to reach 1,233.48 points, with losers outnumbering winners by 320 to 150.

Trading volume and value improved by 19% and 22% day-on-day with more than 1.11 billion shares valued at VND25.5 trillion changing hands. Block deals contributed VND1.8 trillion to the overall value, with 61.5 million shares being traded.

With 19 decliners and 10 advancers, the VN30-Index lost 9.13 points, or 0.73%, to 1,247.82 points.

Vingroup-family stocks led the decline in the VN30 basket. VIC dropped 4.9% to VND71,900 per share, with a trading volume of over 22.2 million shares. VHM and VRE fell by 3% and 2.9% respectively.

SAB, VPB, PLX, BCM, TPB, TCB and STB ended down by 1% to 1.7%.

SSI demonstrated resilience despite market pressure, closing up 3.8% at VND29,950 per share. It took the lead by liquidity with a matching volume of 59.1 million shares.

FPT finished the day up 1.1% to VND86,000 per share. Other gainers were CTG, POW, VNM, HPG, MSN, MWG, VCB and VIB, edging up from 0.2 to 0.8%.

MSN, VCB, HPG, VNM and CTG also slightly inched up. Notably, HPG stood out with a trading volume of over 46.6 million shares.

On the Hanoi Stock Exchange, the HNX-Index dropped 2.59 points, or 1.02%, closing at 249.97 points. Trading volume on the northern bourse exceeded 137.3 million shares worth VND2.4 trillion.

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