Shares of Saigon Securities Incorporation (SSI) reached a high of VND165,900 on their first day of trading at the Hanoi Securities Trading Centre today.
|Local investors watch an electronic screen at Saigon Securities Incorporation|
With charter capital of VND500 billion (US$31 million), book value of VND1.1 trillion (US$68 million) and assets exceeding VND2.5 trillion (US$156 million), SSI is a substantial addition to the northern bourse.
Ho Chi Minh City-based SSI is the country’s top stockbroking outfit and has more than 2,000 shareholders, and it is the first to be invested with foreign capital and to have foreign management.
Furthermore, SSI handles 68 percent of the foreign-owned stock-trading accounts in Viet Nam.
Its debut in Ha Noi last week made SSI the 28th company to have its shares traded both on an exchange and over the counter.
To expand its business, SSI reached an agreement with Vietnam Postal Savings Service Company on December 11 to set up share trading counters at branch post offices nationwide and link them to the stock exchanges in Ha Noi and Ho Chi Minh City.