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Monday, July 22, 2024

SeABank increases charter capital

The Saigon Times

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HCMC – Southeast Asia Commercial Joint Stock Bank, or SeABank, which trades its SSB shares on the Hochiminh Stock Exchange, raised its charter capital from VND19.8 trillion to over VND20.4 trillion after a share issue under the 2022 employee stock ownership plan.

VND594 billion worth of shares were issued to nearly 2,500 SeABank employees at VND15,000 per share, the local media reported.

Last year the bank posted VND5.07 trillion in pre-tax profit and its total asset reached VND231.4 trillion, up 9.3% against 2021. Its bad debt ratio ebbed to 1.6%.

SSB maintained its downward spiral as it lost over 0.3% at the close today, February 23.

On the southern bourse, the VN-Index inched down 0.62 points, or 0.06%, from the session earlier, at 1,053.66, with 137 gainers and 258 losers, despite the strong bottom fishing of largecaps.

Over 720.7 million shares worth VND12.1 trillion changed hands, down 11.5% in volume and 5.1% in value against the previous session.

Many securities, bank and steel stocks such as VND, SSI, VCB, CTG, HPG and HSG closed up, saving the main index from a deep fall.

Steelmaker HPG gained 1.4% and took the lead by liquidity, with 32.6 million shares changing hands.

The group of real estate stocks became the major drag, with VRE tumbling 5.7%.

The HNX-Index of the Hanoi exchange slid 0.66 points, or 0.31%, from the previous session, at 209.31, with 60 advancers and 105 decliners.

Securities firm SHS expanded 1.2% at the close, and was the most actively traded stock on bourse with 12.5 million shares.

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