The Hanoi Stock Exchange (HNX) will organise 15 auctions to offload 559 million shares in January.

559 million shares to be auctioned at HNX (Illustrative image. Source VNA)

Seven auctions held on the northern bourse last December collected a total value of 949 billion VND (42 million USD), according to the Hanoi Stock Exchange.

They included one initial public offering (IPO) of the Song Da Corporation, five divestment auctions of Thanh Hoa Port JSC, Mechanisation Electrification Construction Corporation JSC, VINACONEX Corporation, Agribank Jewellery Co. Ltd. and Orient Commercial JS Bank; and one public auction of BIDV Securities JSC.

The total volume of shares sold in December reached more than 365 million shares, 6.9 times higher than the previous month. 

More than 50 million shares, equivalent to 14 percent of the offered volume, were sold to investors with a total value of over 949 billion VND, which is higher than the initial price of 227 billion VND (10 million USD).

The five divestment auctions attracted high interest of the investors. Especially, shares of Thanh Hoa Port JSC, Mechanisation Electrification Construction Corporation JSC and Agribank Jewellery Co. Ltd. were sold out at the auctions.-VNA