SHB Shares Hit Ceiling on July 28, Market Capitalization Exceeds $2.6 Billion

On July 28, SHB shares surged to their ceiling price, closing at 16,100 VND with a 7% increase, leading market liquidity with over 137 million shares traded. The market capitalization exceeded $2.6 billion, and SHB was the only stock in the VN30 index to hit the ceiling. Foreign investors continued to buy heavily, with a net purchase of 21 million shares during a significant anniversary of the Vietnamese stock market, totaling 95 million shares since the beginning of July. Year-to-date, SHB’s stock price has increased by 80%. The bank has received approval from the State Bank to raise its charter capital by issuing shares for a 13% dividend, with a total dividend rate of 18% for 2024. SHB aims for a pre-tax profit of 14.5 trillion VND, a 25% increase from the previous year. With a strong transformation strategy, SHB strives to be among the leading banks in the region by 2035, becoming a modern digital and green bank.