HCMC – Ho Chi Minh City Securities (HOSE: HCM) held an extraordinary general meeting of shareholders on December 4, where its plan to increase its charter capital by VND3,600 billion was approved.
The stock brokerage will raise its charter capital by issuing shares to existing shareholders at a 50% ratio, allowing them to buy one more share at VND10,000 for every two shares held upon the record date.
The issue is expected to take place next year, and if successful, the company will raise VND3,600 billion, boosting its charter capital from VND7,200 billion to VND10,800 billion.
The extra capital would be allocated to margin lending and proprietary trading operations, with around 70% designated for expanding margin lending and the remaining 30% for enhancing proprietary trade.
Closing the trading session today, December 5, HCM climbed to its daily ceiling price of VND28,950, with around 14.9 million shares changing hands.
The VN-Index on the Hochiminh Stock Exchange gained 27.12 points, or 2.19%, ending at 1,267.53 points, with 347 stocks advancing and 55 declining.
More than 908.3 million shares worth VND21.04 trillion were transacted on the market, up by 58% in volume and 51% in value compared to yesterday’s session. Block deal transactions contributed around 68.4 million shares worth a total of VND1.8 trillion.
Securities stocks experienced a surge today, with BSI, FTS, VCI, CTS, VDS, SSI, HCM, ORS, and VIX all hitting their ceiling prices.
Blue-chip stocks significantly contributed to the market’s growth, including MWG, which rose by 5% to VND61,000, STB up 4.8% to VND33,950, and HPG gaining 4.3% to VND27,850. HPG recorded the highest trading volume in the market, with 44.7 million shares transacted.
On the northern exchange, the HNX-Index improved by 4.98 points, or 2.22%, against the previous session, closing at 229.6 points, with 119 advancers and 49 decliners. The total trading volume exceeded 84.3 million shares valued at a total of VND1.5 trillion.
