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Saturday, June 22, 2024

SSI to raise charter capital

The Saigon Times

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HCMC – SSI Securities Corporation, which is listed on the Hochiminh Stock Exchange under the stock code SSI, has announced a plan to issue 453 million shares to raise its charter capital.

SSI would increase its charter capital from VND15.1 trillion to more than VND19.6 trillion, solidifying its position as the stock brokerage with the highest capital level on the Vietnamese market.

Specifically, SSI will issue over 302.2 million bonus shares at a ratio of 100:20, giving shareholders 20 new shares for every 100 shares held. These shares are not subject to transfer restrictions.

The firm will also offer over 151 million shares at VND15,000 each to existing shareholders at a ratio of 100:10. This allows shareholders to acquire 10 new shares for every 100 shares held.

SSI is expected to mobilize nearly VND5,300 billion from these share issues. This amount of money will be used to supplement funds for margin trading and investment in bonds, certificates of deposit, and other valuable papers.

Closing the trading session today, December 22, SSI inched up 0.47% to VND32,350, with nearly 17.5 million shares changing hands.

With 197 advancers and 284 decliners, the VN-Index still edged up by 0.63 points, or 0.06%, against yesterday’s session, closing the session at 1,103.06 points.

The session saw over 558 million shares valued at VND21.2 trillion change hands, an uptick of 7.1% in volume and 8.53% in value compared to the previous session. There were 61.7 million units traded in block deals, contributing more than VND1.6 trillion to the overall value.

Rubber and plastic firms’ stocks stole the spotlight on the southern bourse, with BMP soaring by 7% to VND100,000, a twofold increase compared to the beginning of the year. BMP’s liquidity today was also impressive, with nearly 600,000 shares matched.

BRC and SRC also surged by over 5% today, while DRC rose by 4.1% with over 1.3 million shares transacted.

Lender STB took the lead by liquidity in the market, with more than 22.25 million units changing hands. It rose by 2.3% to VND27,200.

The HNX-Index of the Hanoi Stock Exchange lost 0.21 points, or 0.09%, to 228.27 points. The northern bourse saw 72 advancers and 86 decliners, with a trading volume of 80 million shares worth over VND1.5 trillion.

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