The Hanoi Stock Exchanges (Source: Vietnam Finance) Hanoi (VNA) - The Hanoi Stock Exchanges (HNX) said over 292.2 million stocks will be offered for sale on the bourse in May. Sai Gon Postel Corp, Orient Commercial Joint Stock Bank (OCB), and Vietnam Aviation Corporation registered to put their shares on HNX in the month. According to HNX, investors continue to pay attention to share auctions, especially the initial public offerings (IPOs). In April, HNX organised four share auction sessions, including two IPOs and two capital withdrawals. The active participation of investors helped the sessions’ average bidding prices in the month stand at high rates. Especially the successful bidding prices of the two IPO auctions of Van Tuong Construction Investment One Member Co. Ltd. and the capital withdrawal auction at OCB were higher than the initial prices by between 63 and 98 percent. The total volume of shares offered in the four April auctions reached over 19.9 million, down … [Read more...] about Over 392 mln shares to be auctioned on HNX in May
Hnx
HNX, MOEX to cooperate in capital market development
Deputy Chairwoman of the HNX Board of Management Nguyen Thi Hoang Lan (left) shakes hand with MOEX Chairman of the Executive Board and CEO Alexander Afanasiev after signing the MoU. — Photo courtesy of Hanoi Stock Exchange The Hanoi Stock Exchange (HNX) and the Moscow Exchange (MOEX) signed a memorandum of understanding (MoU) on April 10 to cooperate in capital market development. The signing took place within the framework of the 22nd Capital Market Development Forum in Moscow, which drew the participation of some 1,000 delegates from government agencies, ministries, enterprises and international investment funds. Speaking at the signing ceremony, MOEX Chairman of the Executive Board and CEO Alexander Afanasiev said that over the past 18 years, the securities market has contributed to the development of Viet Nam — one of the fastest-growing and most vibrant economies in Asia-Pacific. He said the MOEX plans to expand ties with emerging and dynamic markets in Asia. He said … [Read more...] about HNX, MOEX to cooperate in capital market development
90 per cent of HNX listed firms reported upbeat performance
Listed construction and real estate development firms as well as listed financial institutions on the Hanoi bourse reported glorious profits for 2017. 333 out of 372 firms listed on the northern bourse made over $800 million in profit in 2017 Specifically, the Hanoi bourse stated that by the end of February, 333 out of 372 firms listed on HNX reported profit, as shown in their financial statement for the fourth quarter in 2017. According to the fourth quarter financial statements of the 372 listed firms, 333 listed firms reported total profits of VND19.319 trillion ($848.2 million), up 23.1 per cent against 2016. In particular, businesses in the construction sector were among the best performers as the total profits accumulated in the sector grew by 102.6 per cent on-year, rising from VND1.705 trillion ($74.88 million) in 2016 to VND3.455 trillion ($151.73 million) in 2017. Construction firms were among the best-performing businesses listed on the northern bourse … [Read more...] about 90 per cent of HNX listed firms reported upbeat performance
HNX-Index rises to 100 points
HNX-Index rises to 100 pointsPhuong Thao HCMC – The Hanoi Stock Market regained its starting level of 100 points on July 3, having stayed below that mark for nearly six years and a half. The HNX-Index jumped 1.2% against last Friday to 100.33, buoyed by large-cap banking and petroleum stocks. Turnover on the northern bourse sharply improved with 69.8 million shares worth VND784 billion traded, including 3.3 million shares transacted in bloc deals with a total value of VND45.5 billion. Lender SHB remained the volume leader with 27 million shares changing hands, surging 5.2% against the previous session at VND8,000 a share. Securities firm SHS followed with 3.18 million shares, adding 7.7% at VND15,400 per share, while bank stock ACB gained 1.9% to VND26,400 per share with 2.8 million shares traded. The VN-Index extended gains for a fourth straight session, adding 2.41 points, or 0.31%, at 778.88. However, turnover on the HCMC market remained low with 195.5 million shares … [Read more...] about HNX-Index rises to 100 points
HNX earns VND142 billion in auctions in April
Some VND142 billion (USD6.2 million) was raised through four auctions on the Hanoi Stock Exchange (HNX) of state-owned enterprises selling shares from businesses in their non-core areas in April. The auctions were held for the State Capital Investment Corporation (SCIC) to divest from Barotex Vietnam Investment and Trading JSC, Vietnam National Shipping Lines to sell shares of Vinalines Ship Repair Company, the Ministry of Agriculture and Rural Development to offload its shares from a maize investment and development company and Truong Son Construction Corporation to sell shares of Construction JSC 565.More than 31 million shares were put up for sale while investors registered to buy some 40 million shares, 31 percent higher than the volume offered. Shares in the four auctions sold out. In May, HNX will hold nine auctions of the central investment and development JSC, Hanoi Food JSC, Telecommunication Project Construction Development JSC, Vietnam Post and Telecommunication Land JSC, … [Read more...] about HNX earns VND142 billion in auctions in April