Petro Times (HNX: PPT) shares hit the floor price for five consecutive sessions from 20 to 26 October, and kept falling on 27 October and the morning of 28 October. The company attributed the decline to supply-demand factors that affected shareholder sentiment and to difficulties from the wider economy, while average daily trading volume was only 24,540 shares and the stock was down 52% from the start of the year. PPT was previously involved in a manipulation case: on 12 November 2025, the State Securities Commission fined two individuals 1.5 billion VND each for using 19 accounts to trade the stock over more than two years. According to its Q3 2026 financial statements, revenue fell 9% and the company posted an after-tax loss of over 22 billion VND, versus a 2.4 billion VND profit a year earlier, with a loss of nearly 20 billion VND from selling investment property and financial expenses up 2.48 times.
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Original headline: Petro Times giải trình sau 5 phiên giảm sàn liên tiếp
Read the original on Vietstock ↗
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