Petro Capital & Infrastructure Investment Joint Stock Company (HOSE: PTL) has explained about peaking at the ceiling price in 5 consecutive trading sessions from June 01, 2011 to June 07, 2011 as follows:
• PTL stock increased thanks to the common situation of the securities market. From the first trading day September 22, 2010 to May 31, 2011, the market price of PTL decreased from VND25,000 t0 VND6,400, so PTL’s market price was low.
• The Company announced to pay VND1,000/share for the 2010 dividend and buy back 8,000,000 shares from May 16, 2011.