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Tuesday, October 8, 2024

DSC Securities to leave UpCOM for HOSE

The Saigon Times

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HCMC – DSC Securities Corporation has received approval from the Hochiminh Stock Exchange (HOSE) to list over 204.8 million DSC shares.

In the first half of this year, the company, whose DSC shares are listed on UpCOM, posted net profit of VND78.9 billion, up by 40.7% year-on-year. As of June 30, 2024, the company’s total assets had stood at VND4.31 trillion, up by 4.4% from the beginning of the year.

Closing the trading session today, September 26, DSC extended its winning streak to the eighth straight session with a 4.39% increase, at VND23,800 per share.

The benchmark VN-Index gained 4.01 points at the close, or 0.31%, to close at 1,291.49 points, supported by the active trading of bank stocks. The market saw 209 winners and 177 losers.

Stock trading on the southern market dropped by 3.6% in volume and 4.3% in value over the previous session, with more than 956.8 million shares worth VND21.8 trillion changing hands. There were nearly 67 million shares valued at VND1.68 trillion traded in block deals.

Mid and small-cap bank stocks were the driving force behind the main index’s gains. Bank stocks accounted for eight of the 10 most actively traded stocks.

TPB surged to its ceiling price of VND16,650 per share, with a substantial trading volume of over 60 million shares, the highest on the southern exchange. Foreign investors bought nearly eight million TPB shares.

Other notable banking stocks included MSB, which advanced 5.4% to VND12,600 per share, and SHB, up 1.9%. HDB gained 3.9% while EIB added 2.6%.

Large-cap banks saw modest gains. VCB fell by 0.32% to VND92,500 per share while other big tickers like CTG, TCB and VPB made marginal gains of 0.7% to 1.3%. VPB saw over 55.1 million shares changing hands, the second most actively traded stock on the market.

The HNX-Index of the Hanoi Stock Exchange moved sideways, adding 0.08 point, or 0.03%, to end at 235.92 points. There were 51.3 million shares worth a total of VND1.09 trillion traded on the northern market.

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