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Tuesday, May 30, 2023

FIR to issue nearly 9 million shares to pay dividend

The Saigon Times

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HCMC – First Real JSC, whose shares are traded on the Hochiminh Stock Exchange under the code FIR, is set to issue over 8.9 million shares to make the 2021 dividend payment to its existing shareholders.

The firm will close the shareholder list for dividend payment on February 14.

With the stock dividend payment at 20%, each shareholder will receive 20 new shares for every 100 shares held, the local media reported.

The share issue will raise the firm’s chartered capital to over VND535 billion.

Closing the 2021-2022 fiscal year, FIR posted VND385 billion in revenue, nearly double the year-ago figure.

However, in the first quarter of the 2022-2023 fiscal year, FIR made revenue of VND55 billion, down 25% year-on-year.

FIR ended the trading session today, February 7, down over 1.4%.

On the HCMC exchange, many bluechips came under selling pressure, pushing down the VN-Index by 23.45 points, or 2.15%, from the session earlier, at 1,065.84, with losers outnumbering gainers by 342 to 77.

Over 673 million shares worth VND12.2 trillion changed hands, up 27% in both volume and value against the previous session.

Steelmaker HPG plunged to its floor price, but took the lead by liquidity with a matching volume of 43.4 million shares.

Real estate developer NVL and rubber group GVR lost over 5%, while securities firm SSI, mobile phone retailer MWG, retailer VRE and lender VCB made a sharp fall.

The HNX-Index of the Hanoi bourse continued its downtrend, losing 4.47 points, or 2.09%, from the previous session, at 210, with 127 decliners and 44 advancers.

Many largecaps such as realty company TIG, construction firm CEO, industrial development firm IDC and securities firm SHS were among the main drags of the index.

SHS was the most actively traded stock on bourse with 15.2 million shares changing hands, followed by CEO.

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