A Bank Stock Hits Ceiling, Sets Record for Nearly 160 Million Shares Traded

On April 18, shares of Saigon – Hanoi Commercial Bank (SHB) surged, recording a historic trading volume of nearly 160 million shares and a transaction value of around 2 trillion VND. SHB stock jumped to the ceiling price of 12,850 VND per share, the highest in nearly three years. This marks the third time SHB has surpassed 100 million shares traded, a rare occurrence in the Vietnamese stock market. For 2024, SHB aims to achieve a pre-tax profit of 11,543 billion VND, a 25% increase from 2023, with total assets projected to exceed 747 trillion VND. The bank plans to hold its annual shareholder meeting on April 22, 2025, and intends to increase its charter capital to 45.942 trillion VND, with a projected dividend payout rate of 18% for 2024.