HCMC – Coteccons Construction Joint Stock Company (HOSE: CTD) has approved a 10% cash dividend for 2025 and a plan to issue over five million bonus shares to existing shareholders.
Under the board’s resolution, shareholders holding one CTD share will receive VND1 trillion in cash. With more than 101.4 million shares outstanding, Coteccons is expected to spend around VND101.4 billion on the payment, sourced from its undistributed after-tax profit.
The record date for the dividend is set for December 2, with payment slated for December 22.
In addition, Coteccons’ board signed off on a plan to increase charter capital through a bonus share issuance. The company aims to issue nearly 5.1 million shares at a 20:1 ratio, meaning shareholders will receive one right for each share held, and every 20 rights will be converted into one new share. The issuance will proceed once the company receives confirmation from the State Securities Commission.
Closing today’s trading session, CTD gained 800 points, or 0.91%, to VND88,800, with 566,300 shares traded, valuing the company at around VND9 trillion.
The VN-Index rose 18.96 points, or 1.16%, to 1,654.42, with 227 advancers and 86 decliners. Trade volume on the Hochiminh Stock Exchange reached nearly 766.7 million shares worth VND21.53 trillion, up 8.9% in volume and 3.5% in value versus last week’s final session. Block deals contributed over 105.4 million shares worth VND2.82 trillion.
The VN30 basket added 22 points, with 28 stocks rising and only two retreating, with VNM down 1.1% and DGC slipping 0.4%. VIC led the gainers, climbing 2.8% to VND217,000 per share and contributing 5.3 points to the main index.
Mid-cap and small-cap stocks saw strong demand, with NVL hitting its upper limit in the morning and ending the day with nearly 18.5 million shares traded and an excess of 6.67 million buy orders at the ceiling price.
Real estate stocks were broadly upbeat, with CII surging 5.6% on 22.75 million shares, DIG up 4.4% with 16.8 million shares, and DXG rising 2.1% with 16.25 million shares.
Banking, securities, and steel stocks also posted gains, led by SHB and HPG, both up 1.5%, with 65.3 million and 32.2 million shares traded respectively.
Insurance tickers were among the few decliners, with BVH down 2.2%, PVI losing 3.6%, PTI sliding 5.6%, while BIC closed unchanged.
On the Hanoi Stock Exchange, the HNX-Index inched up 1.08 points, or 0.40%, to 268.69, with 98 gainers and 53 losers. Matching volume totaled more than 77.8 million shares worth VND1.74 trillion, while negotiated trades accounted for an additional 9.3 million shares valued at VND184.4 billion.
