The trading session on March 24th witnessed a vibrant performance from SHB shares of the Hanoi-Sai Gon Commercial Joint Stock Bank (SHB). Subsequently, after the midday trading break, the stock unexpectedly surged, climbing nearly 3% in the early afternoon session to 12,100 VND per share, with a trading volume of nearly 60 million units as of 1:55 pm.

At the close of the March 24th session, SHB shares settled at 12,400 VND, up over 5.5%, with a trading volume of nearly 85 million units – the highest on the Vietnamese stock market.

Prior to this, SHB shares had risen nearly 7% and 10% in the last two trading weeks. Overall, the stock has gained a total of 24% in the last 7 trading sessions – the best-performing bank stock in the same period.

Along with the price action, SHB’s liquidity also remained robust, with an average matched trading volume of over 59 million shares in the last 10 sessions. Notably, the March 14th session recorded a peak volume of over 132 million SHB shares traded directly by investors on the stock exchange – a record high since the listing of the stock.

With these developments, SHB’s market capitalization increased by nearly VND 10 trillion within just two trading weeks. As a result, the bank’s market value surpassed VND 50 trillion.

SHB stock price movement. (Source: HSC)

These movements in SHB shares occurred against the backdrop of the successful hosting of the SHB – T&T Culture Day by the T&T Group and SHB Bank at the My Dinh National Stadium (Hanoi) on March 15th, with the theme “Stepping Confidently into the New Era.”

A highlight of the event was the fire-seeking and torch-bearing ceremony from Den Hung, symbolizing the nation’s roots and indomitable spirit, carried through generations. The fire, brought from the ancestral land and passed on by generations of leaders and employees of T&T – SHB, was lit at the cauldron in My Dinh Stadium, testifying to the commitment of T&T Group and SHB in the journey of building and developing the country.

SHB Chairman Do Quang Hien, Board of Directors of SHB and T&T Group seeking fire at Den Hung, Phu Tho

In his speech at the event, Mr. Do Quang Hien – Chairman of T&T Group and SHB Bank – conveyed the message of “Stepping Confidently into the New Era” as a powerful call to action to over 80,000 employees across the group.

Mr. Hien emphasized patriotism, national pride, and reverence for the country’s roots. He expressed gratitude and appreciation for the predecessors, fallen soldiers, and Vietnamese heroic mothers, as well as the community and society, who have paved the way for our development today.

“As the country embarks on a new era of opportunities, to overcome the challenges of international integration and seize new possibilities, each member of T&T Group and SHB must foster unity, confidence, self-reliance, and national pride,” said Mr. Hien. He stressed the need to foster innovation and creativity, focusing on five key pillars: institutions, people, customers, market, technology, and transformation.”

In another development, SHB also finalized its shareholder list on March 14th in preparation for the 2025 Annual General Meeting of Shareholders, scheduled for April 22, 2025.

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