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Friday, June 14, 2024

VNDirect announces dividend payment plan

The Saigon Times

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HCMC – VNDIRECT Securities Corporation, listed on the Hochiminh Stock Exchange (HOSE) under the ticker VND, has announced a 5% cash dividend and a 5% share dividend.

Shareholders will receive VND50,000 in cash and five new shares for every 100 shares held. With over 1.2 billion outstanding shares, the company will distribute VND608.9 billion in cash dividend and issue more than 60.89 million shares to its existing shareholders. The firm chose May 30 as the record date.

The company has also approved a plan to issue 243.57 million shares to existing shareholders for VND10,000 per share. Shareholders can buy one new share for every five shares held.

The proceeds from the new share issue will be used to support margin lending, securities investment, underwriting activities, and the issuance and distribution of covered warrants.

Following these actions, VNDirect’s charter capital will increase to over VND15.22 trillion.

According to the company’s first-quarter earnings report, its revenue dropped a slight 0.4% year-on-year to around VND1.3 trillion, but its profit before tax rocketed 334% to VND767 billion.

Closing the trading session today, May 22, VND edged down by 0.7% to VND21,300, with a matching volume of 18.7 million shares.

The VN-Index of the HOSE fell 10.23 points, or 0.8%, to close at 1,266.91 points on Wednesday, with 173 winners and 291 losers.

Trading volume on the bourse reached over 1.13 billion shares valued at VND28.9 trillion, up by more than 16% in both volume and value from the previous session. Block deals totaled 146.48 million shares worth nearly VND3.63 trillion.

The-VN30 index, which tracks the performance of the 30 largest stocks, dropped 17.16 points, or 1.31%, to 1,290.46 points, with only five advancers.

FPT was the gainer. It rose by 1.5% to VND138,000 per share, contributing over 0.6 point to the main index. Other gainers – MWG, PLX, POW, and VHM – saw small gains of under 1%.

Conversely, 24 stocks in the VN30 basket lost. VJC led the pack of losers with a 3% drop, followed by VPB (down 2.7%), MSN (down 2.5%), and VIC (down 2%).

Mid-cap and small-cap stocks also came under selling pressure. HAG dropped by 4.7% to VND14,200 per share, with a trading volume of 36.52 million shares, making it the third most actively traded stock by volume. TCH fell by 2.8% to VND19,300 per share, with nearly 15.5 million shares traded. HPG took the lead by liquidity, with 39.8 million shares changing hands.

On the Hanoi Stock Exchange, the HNX-Index rose 1.86 points, or 0.76%, to 245.15 points, with 88 advancers and 80 decliners. There were 138.8 million shares worth VND2.7 trillion changing hands.

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