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Thursday, July 25, 2024

Nam A Bank to increase charter capital

The Saigon Times

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HCMC – The State Bank of Vietnam (SBV) has allowed Nam A Commercial Joint Stock Bank (HOSE: NAB) to increase its charter capital by more than VND3 trillion.

The bank’s new charter capital will rise to around VND13.73 trillion from the current VND10.58 trillion.

Nam A Bank will issue shares to pay a 25% dividend, raising the charter capital by VND2.65 trillion. The money comes from undistributed profits from 2023 and previous years.

Nam A Bank also plans to issue 50 million shares under the employee stock ownership plan (ESOP). This will further increase its charter capital by VND500 billion.

The ESOP shares will be offered to employees at VND10,000 per share.

Closing the trading session today, June 14, NAB edged down by 0.3% to VND16,500 per share, with a trading volume of nearly two million shares.

Heavy selling drove the VN-Index down by 21.6 points, or 1.66%, to 1,279.91 points on Friday, with  89 winners and 366 losers.

Trading volume increased by nearly 25% against the previous session to over 1.11 billion shares and value soared by 27% to VND29.4 trillion. Block deals totaled 100 million shares worth VND2.6 trillion.

In the VN30 basket, which groups the 30 largest-cap stocks, SSB and FPT posted minor gains of around 1%. However, 28 others declined. The VN30-Index shed by 17.39 points, or 1.3%, to 1,316.46 points.

GVR dropped the steepest at 6.65% to VND33,000 per share. PLX fell by 4% to VND40,500 per share. VPB, STB and SAB dipped from 3.4% to 3.9%, while the rest lost between 2% to 3%.

VPB was the most actively traded stock on the southern exchange, with over 35.9 million shares changing hands.

The HNX-Index of the Hanoi Stock Exchange dipped by 4.39 points, or 1.77%, to close at 243.97 points, with 56 advancers and 139 decliners. The total matched volume reached over 105.8 million shares worth VND2.1 trillion.

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