VCSC Daily - BID profit taking by former MHB shareholders - PVD, PNJ
  • 2015-11-26T00:00:00
  • Market Commentary
An additional 607m shares of BID were listed today with more than half coming from recent M&A between MHB and BID (approved by SBV on 5 May 2015). As those shares came from a 1:1 swap ratio and were previously acquired at a large discount compared to the current BID market price, profit taking on BID was too tempting for former MHB shareholders and this pushed the ticker to near limit-down, losing 4.4% to become today's largest index laggard.