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Wednesday, October 4, 2023

ACB redeems bonds worth VND10 trillion

The Saigon Times

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HCMC – Asia Commercial Joint Stock Bank (ACB), whose ACB shares are traded on the Hochiminh Stock Exchange, has issued a resolution on the buyback of four bond lots issued via private placement in 2021.

The ACBH2124005, ACBH2124006, ACBH2124011 and ACBH2124012 bond lots have a three-year term with a combined value of VND10 trillion.

The bank will use medium- and long-term loans in Vietnam dong, proceeds from matured investments, or other lawful sources to buy back these bond lots at their par value on June 22, June 23, July 8, and July 15, respectively.

The privately-held commercial bank reported consolidated pre-tax profit of nearly VND5,157 billion in the first quarter of this year, up over 25% year-on-year, achieving 26% of the full-year business plan. Its total assets by the end of March had inched up 0.6% compared to January, topping VND611.2 trillion.

Its outstanding bonds currently come in above VND36 trillion. Bonds with tenors from one to three years make up most of the amount, at over VND32.1 trillion.

ACB closed the trading session today, June 14, up 0.23% against yesterday’s session to VND21,650 per share, with a matching volume of over eight million shares.

Strong profit-taking pressure after the three-session winning streak sent the VN-Index on the Hochiminh Stock Exchange down 5.04 points, or 0.45%, from the previous session, to 1,117.42 points.

The southern bourse saw losers outnumbering winners by 280 to 126, with a slight contraction in trading volume and value, at 928.6 million shares worth VND17.1 trillion. Around 82.6 million shares were transacted in block deals contributing nearly VND2 trillion to the overall value.

There were 11 bluechips rising and 17 others dipping in the VN30 basket. The VN30-Index followed the market downtrend as it lost 4.79 points to 1,110.60.

CTG and VPB were the biggest gainers among the largest 30 stocks by market capitalization with respective rises of 1.4% and 1.3%.

Among the stocks in the red, seven contracted between 1% and 4.2%. Developer PDR dropped by 4.2%, the biggest loser among the decliners.

PLX and TPB finished the day at their reference prices of VND38,050 and VND18,150 per share, respectively.

Real estate, securities, and steel stocks became the major drags of the VN-Index.

There were fewer than 10 real estate stocks ending the day in the green. QCG after its 13 straight winning streak plunged to the daily lower limit of VND11,250 per share. EVG, TLD, and VRC also ended down at their floor prices.

DRH, ITC, and TDH slid 4.9%, 5.8%, and 4.1%, respectively. There were 21 other real estate stocks losing 2% to 4%.

Stock brokerages VND and SSI were the only stocks staying in the green at the close among the securities stocks, with nearly 38.9 million and 25.2 million shares matched, respectively.

Similarly, many steelmakers ended on a low note. HPG, NKG and HSG edged down 1.3%, 2%, and 2.3%, respectively.

As for liquidity, the commercial bank SHB saw the most shares matched on the HCMC market, at 49 million shares. NVL was the second most traded stock with a matching volume of 38.8 million shares.

On the northern bourse, the HNX-Index lost 1.33 points, or 0.58%, compared with the session earlier at 228.91, with 67 advancers and 125 decliners.

More than 127.3 million shares valued at more than VND2 trillion were traded on bourse, down 6% in volume and 1% in value.

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