The only securities company listed on HOSE after 5 years, what's special?

On the morning of July 1, Ho Chi Minh City Stock Exchange (HoSE) held a ceremony to announce and grant the listing decision, welcoming the first trading day for 330 million DSE shares of DNSE Securities JSC.

DNSE is the only securities company that has conducted an initial public offering (IPO) and been approved for listing registration in the past 5 years.

On the first trading day, the DSE code had a reference price of VND30,000/share, equal to the IPO offering price, with a price fluctuation range of +/-20% compared to the reference price. With more than 330 million DSE shares listed, the corresponding market capitalization value when listed on the stock exchange reached VND9,900 billion.

Representatives of HOSE leaders and DNSE securities company at the ceremony to announce the listing decision and celebrate the official trading day of DSE shares

Previously, in January 2024, the foreign fund PYN Elite Fund (Finland) invested in DNSE with capital equivalent to 12% of the company's shares at that time. In the first quarter of 2024, DNSE recorded a 21% increase in revenue and a 78% increase in after-tax profit over the same period. In the first 5 months, DNSE accounted for nearly 30% of the total number of newly opened accounts in the whole market.

Regarding stock price, on the first day of listing, by 10 o'clock, DSE shares decreased by 10% to 27,000 VND (the fluctuation range on the first day of listing was 20%).

Answering the question of the reporter of Nguoi Lao Dong Newspaper about the fact that VN-Index is in a difficult period when it has fallen below the 1,300 point mark and decreased quite sharply last week, will it affect the listing of DSE? Mr. Nguyen Hoang Giang, Chairman of the Board of Directors of DNSE, said that the market is in a sideways accumulation phase but the prospects in the coming time are very bright, in which the group of securities stocks will benefit from the recovery trend of the economy , the growth of VN-Index and the roadmap to upgrade the Vietnamese stock market.

DNSE Securities, formerly Dai Nam Securities Company, was established in 2007 with a charter capital of 38 billion VND and has now increased to 3,300 billion VND, 86.8 times higher than the time of establishment.

Along with DNSE, there are currently 16 securities companies listed on HoSE, the largest and most developed stock exchange in Vietnam.

Source: https://nld.com.vn/cong-ty-chung-khoan-duy-nhat-len-san-hose-sau-5-nam-co-gi-dac-biet-196240701100759793.htm