25 C
Ho Chi Minh City
Friday, June 21, 2024

Nam A Bank to move to HOSE next month

The Saigon Times

Must read

HCMC – Nam A Commercial Joint Stock Bank has announced it would stop trading its NAB shares on the Unlisted Public Company Market, or UPCoM, and then move to the Hochiminh Stock Exchange (HOSE) on March 8.

The last trading date of over one billion NAB shares on the UPCoM market is February 28.

Nam A Bank’s total assets stood at over VND210 trillion as of December 31, 2023, up by 18% over the first month of last year. This made the bank one of the top 20 banks by assets.

Last year, its capital mobilization grew by nearly 20% to VND165 trillion, while outstanding loans expanded by 18% to VND142 trillion.

The bank’s net interest margin (NIM) remained stable at over 3.3%, attributed to its optimized asset and capital structures.

Nam A Bank has been expanding its digital banking ecosystem and witnessing substantial growth in both customer numbers and banking users. The number of active customers increased by 85.3% year-on-year, while online banking users surged by nearly 95%.

This positive growth momentum translated into commendable results for Nam A Bank, with net interest income surpassing VND6.6 trillion, net income from services reaching nearly VND600 billion, and net revenue from other activities surpassing VND330 billion by the end of 2023.

Nam A Bank’s pre-tax profit in 2023 amounted to more than VND3.3 trillion, a 50% rise over 2022.

Closing the trading session today, February 6, NAB inched up by 1.27% to VND16,000 per share, with nearly 1.2 million shares changing hands.

With 244 winners and 212 losers, the VN-Index of the HOSE edged up by 2.42 points, or 0.2%, to 1,188.48 points.

Stock trade dropped by 29% in volume and 24% in value compared to the previous session, with 619.7 million shares valued at VND14.6 trillion changing hands. Block deals contributed over 53.5 million shares worth nearly VND1.8 trillion.

In the VN30 basket, there were 20 bluechips gaining and nine others dipping. The VN30-Index improved 0.15% to 1,199.17 points.

Banking stocks HDB and CTG rose 1.5%, closing at VND23,000 and VND34,400, respectively.

Meanwhile, lender SHB declined the steepest, at 1.7%, to settle at VND11,500. However, it had the highest trading volume among the 30 largest-cap stocks, at more than 17.8 million shares.

Real estate developer NVL took the lead by liquidity on the southern bourse, with 32.1 million shares changing hands, followed by securities stock VIX, with a matching volume of 25.5 million shares.

The Hanoi Stock Exchange saw 91 advancers and 58 decliners, as well as a trading volume of 84.4 million shares and a value of more than VND1.7 trillion. The HNX-Index gained 0.35 points, or 0.15%, to 230.63 points.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles