Covered warrants make debut on Ho Chi Minh Stock Exchange

The Ho Chi Minh Stock Exchange (HOSE) held the first trading session of covered warrants (CWs) on June 28, marking the debut of this type of securities product on the Vietnamese stock market.

Officials and representatives of securities companies ring bells to mark the first trading session ofcovered warrants on the HOSE on June 28 

CWs are issued by securities companies andlisted and traded like stocks.

At the first trading session, 21.9 million CWsof 10 codes issued by seven companies were listed and traded on the HOSE.

Deputy Minister of Finance Huynh Quang Hai said thedebut of CWs and Government bond futures, which will be launched at the HanoiStock Exchange next week, will help perfect the stock market’s structure andcreate more investment chances for the public.

He added the demand for development capital inVietnam is huge, so the stock market must develop more strongly to act as themain supplier of medium- and long-term capital for the economy.

Le Hai Tra, an HOSE official, said the debut ofCWs is a milestone in the development of the HOSE as well as the Vietnamesestock market.

The HOSE has worked on CWs since 2012. It hascoordinated with securities companies to organise 100 events to introduce CWs,attracting more than 1,000 investors, he noted.-VNA

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