Investors watch stock fluctuations on the ABC Securities trading floor in Hanoi (Photo: VNA) Hanoi (VNA) – Vietnam’s stock market recorded a memorable trading session on May 18 when total transaction value surpassed 35 trillion VND (1.54 billion USD) on the Ho Chi Minh Stock Exchange (HOSE). The VN-Index grew by 2.69 points to 1,033.33 points before dropping to 1,013 points. Later, the appearance of demand helped this benchmark index rebound and reach 1,040.54 points, up 9.9 points, at the end of the trading day. Among the large-cap stocks, GAS and VCB lost 1,000 VND and 300 VND per share, respectively. SAB and VNM witnessed respective increases of 10,000 VND and 6,100 VND, while BVH, CTG and MSN rose between 250 VNF and 3,100 VND per share. Notably, VHM of Vinhomes posted a historic trading session when nearly 268 million shares worth over 30.7 trillion VND (about 1.35 billion USD) were traded. More than 408 million units equivalent to over 35 trillion VND were traded … [Read more...] about HOSE witnesses record transaction value of 1.54 billion USD
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HOSE liquidity up 74 percent in 2017
In its annual report, HOSE said its 2017 revenue surged 68 percent to 828 billion VND, from professional activities (89 percent), services (6 percent) and financial activities (5 percent). Market monitor expenses accounted for 34.5 percent, salaries and payment for workers (23 percent) and other costs (21 percent). The bourse contributed 390 billion VND to the State budget, up 108 percent annually. During the year, it listed 31 stocks, 15 corporate bonds and two fund certificates. Total listed shares doubled to 6.486 billion. Market capitalisation neared 2.6 quadrillion VND, up more than 75 percent year-on-year, accounting for some 92 percent of the total in Vietnam and 57 percent of gross domestic product. The total number of shares changing hands hit 48 billion, exceeding 1 quadrillion VND. Increasing foreign capital flows also poured into Vietnam with 26.4 trillion VND for purchase of 14.46 million shares. The bourse also launched nine auctions for … [Read more...] about HOSE liquidity up 74 percent in 2017
Techcombank applies for listing in HoSE
HCM Stock Exchange (HoSE) has received an application from Techcombank to list more than 1.16 billion shares on its bourse. According to HoSE, Ban Viet Securities Company has been selected as the consulting institution for Techcombank’s listing. Techcombank last week also launched the nation’s biggest initial public offering (IPO) that aims to raise as much as $922 million and has attracted global funds as cornerstone investors. Reuters had reported that Techcombank was offering shares at a price range of VND120,000-128,000 per share (US$5.27-$5.62), which is expected to raise between $864 million and $922 million. Singapore wealth fund GIC, Fidelity Management and Research, and Dragon Capital are among the funds coming in as cornerstone investors. Techcombank’s IPO, scheduled in June, will be larger than Warburg Pincus-backed Vincom Retail’s IPO last year, which raised some $700 million. The IPO is expected to value the bank at some $6.1-$6.5 billion, ranking … [Read more...] about Techcombank applies for listing in HoSE
Property firm Vinhomes to list on HOSE
Vincom Mega Mall Royal City was developed by Vinhomes. — VNA/VNS Photo Tuấn Anh Vinhomes JSC, an arm of the real estate conglomerate Vingroup, has registered to list nearly 2.7 billion shares on the HCM Stock Exchange (HOSE). HOSE announced receiving the listing registration documents for the shares of Vinhomes on April 2. Saigon Securities Incorporation (SSI) will be the listing advisor for Vinhomes, according to HOSE. Vinhomes operates in the high-end residential property segment, offering luxury serviced apartments and villas developed by Vingroup JSC. According to HOSE, Vinhomes has chartered capital of nearly VND26.8 trillion (US$1.2 billion). As of February 8, Vingroup owned 69.67 per cent of Vinhomes’ charter capital. Vingroup is a multi-disciplinary business group, operating in the segments of real estate, retail, hotel and leisure services, education, healthcare and heavy industry. Real estate is the core business of this corporation. Vingroup shares, listed … [Read more...] about Property firm Vinhomes to list on HOSE
HOSE announces new rules on covered warrants
Trading of covered warrants will be suspended if their issuers, or securities companies, do not follow regulations on hedging activities recently issued by the HCM Stock Exchange (HOSE). According to HOSE, a covered warrants issuer shall maintain at least one employee managing risks concerning issues of warrants. The issuer shall sustain a quantity of underlying securities adequate to hedge risks against outstanding warrants. Hedging transactions via an independent trading account shall be reserved solely for hedging activities or occur through the issuer’s proprietary trading accounts. The issuer’s hedging activities shall include sale, purchase, borrowing and other transactions according to the laws. Securities traded in hedging activities shall consist of underlying securities and others based on underlying securities as per the law. Securities for hedging purposes shall be frozen during the exercise of warrants by delivering underlying securities. Securities for hedging … [Read more...] about HOSE announces new rules on covered warrants