Illustrative image (Source: VNA) Hanoi (VNA) – More than 37.6 million shares will be up for sale in the Hanoi Stock Exchange (HNX) in February, according to the HNX. The shares are in the water supply companies of Thai Hoa, Dien Chau, Cua Lo, Quynh Luu and Ninh Binh, Ha Tinh urban environment company, Lilama 69-3 JSC and Lilama 10 JSC. The HNX reported that in January, the floor auctioned the People’s Committee of Hai Duong province’s shares in Hai Duong Cable Television Joint Stock Company. During the auction, the committee sold 575 million shares, 83 percent of the total for sale, earning more than 7.1 billion VND. In 2018, the HNX held 40 auctions, including 10 initial public offerings (IPO). Some 2.01 billion shares were listed for sale, of which 1.09 billion shares were sold, three times more than in 2017. Total revenue from the auctions was 21.07 trillion VND, four times higher than in 2017. At the IPO auctions, 573.4 million shares were sold … [Read more...] about More than 37.6 million shares on sale in HNX in Feb
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HNX collects $415m from share auctions in November
In the last 11 months, the HNX held 36 auctions, including 25 for divestment, 10 initial public offerings (IPOs) and one for purchase rights. — VNA/VNS PhotoViet Nam News HÀ NỘI — The Hà Nội Stock Exchange (HNX) organised five auctions for divestment in November with total transaction value of more than VNĐ9.7 trillion (US$415 million). The auctions were held for the Việt Nam Construction And Import-Export Joint Stock Corporation (Vinaconex), the Hà Nội Housing Development and Investment Joint Stock Company, the Water Transport Company under the Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) and the Việt Trì Paper Company. About 376 million shares were put up for sale at the auctions, but up to 997 million shares were ordered, 2.65 times more than the offered amount. As a result, all 376 million shares offered were sold for more than VNĐ9.7 trillion. In the last … [Read more...] about HNX collects $415m from share auctions in November
9.7 trillion VND collected from HNX share auctions in November
The HNX held 36 auctions in November. (Photo: VNA) Hanoi (VNA) - The Hanoi Stock Exchange (HNX) organised five auctions for divestment in November with total transaction value of more than 9.7 trillion VND (415 million USD). The auctions were held for the Vietnam Construction And Import-Export Joint Stock Corporation (Vinaconex), the Hanoi Housing Development and Investment Joint Stock Company, the Water Transport Company under the Vietnam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin), and the Viet Tri Paper Company. About 376 million shares were put up for sale at the auctions, but up to 997 million shares were ordered, 2.65 times more than the offered amount. As a result, all 376 million shares offered are sold for more than 9.7 trillion VND or 100 percent. In the last 11 months, the HNX held 36 auctions, including 25 for divestment, 10 initial public offerings (IPOs) and one for purchase rights. Of over 1.98 billion shares offered, about 1 … [Read more...] about 9.7 trillion VND collected from HNX share auctions in November
HNX-30 Index continues to underperform
Investors are struggling to work out where to invest in the HNX30, which tracks the performance of the 30 largest stocks on the Ha Noi Stock Exchange by market capitalisation and trading liquidity. Launched in 2012, the HNX30 was expected to become a reference index, but after more than six years, it has not been able to escape the “shadow” of the benchmark VN30 Index. The VN30 Index tracks the performance of the 30 largest stocks on the Ho Chi Minh Stock Exchange. Among the 30 stocks in the HNX30 basket, few of them have attracted investors. Prices of some stocks are even hovering around just VND1,000 per share. The capitalisation of these stocks is usually modest. The total market capitalisation of the stocks in the HNX30 basket as of November 21 was only VND116.6 trillion, while the figure for the VN30 basket reached more than VND1.89 quadrillion. When mentioning the HNX30, investors usually think of major stocks such as Asia Commercial Joint Stock Bank (ACB), Viscostone … [Read more...] about HNX-30 Index continues to underperform
Vinaconex helps HNX Index end positive
The northern bourse HNX Index on the Ha Noi Stock Exchange ended in positive territory as Vinaconex shares soared after its Thursday auctions. — Photo tinnhanhchungkhoan.vn Shares of the Vietnam Construction and Import-Export JSC (Vinaconex) soared on Friday morning, pushing the HNX Index above its reference line. The HNX Index on the Ha Noi Stock Exchange inched up 0.20 per cent to close Friday morning at 104.77 points. The northern exchange index gained 0.63 per cent on Thursday. Vinaconex shares, listed as VCG on the Ha Noi Stock Exchange, surged 9.7 per cent to VND20,300 (US$0.90) per share on Thursday morning. The State Capital Investment Corporation (SCIC) and the military telecommunication group Viettel on Thursday sold their entire 348.9 million shares in Vinaconex, receiving a total of VND9.37 trillion ($416.4 million). On the Ho Chi Minh Stock Exchange, the benchmark VN-Index dropped 0.13 per cent to end at 923.24 points. The southern market index rose 0.20 per cent on … [Read more...] about Vinaconex helps HNX Index end positive