The Hanoi Stock Exchange (HNX) organized 27 auctions so far this year with total transaction value of more than 10.8 trillion VND (465 million USD) from.


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The HNX has organised 27 auctions in the first nine months of the year, including 16 capital withdrawals, 10 initial public offerings (IPOs) and one was for purchase rights. (Photo: hanoimoi.com.vn)


About 1.5 billion shares were put up for sale at the auctions, and more than 674 million shares were traded, accounting for 44 percent of the offered amount.

The auctions included 10 initial public offerings (IPOs) and 16 for divestment. There was one auction for purchase rights.

In September, HNX hosted four auctions, including three IPOs of the Vietnam National Shipping Lines (Vinalines), Nguyen Van Troi Forestry One Member Co Ltd and Kon Tum Water Supply One Member Ltd, and one auction of Vietcombank’s stake at the Phuong Dong Bank. 

Over 497.2 million shares were offered at the four auctions; however, only 39 million shares were ordered. Shares offered by Nguyen Van Troi Forestry One Member Co Ltd and Vietcombank were sold out.

This month, the bourse will see five IPOs of the Nha Trang Port Company, Military Bank, Vietnam Export Import Bank, MBLand Holdings, and Phu Tho Cement Co.,Ltd.

SSI continues leading brokerage market share

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The Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the third quarter of 2018, announced the HCM City Stock Exchange (HoSE) on October 3.

The SSI was followed by the HCM City Securities (HSC), Viet Capital Securities (VCSC) and VNDirect Securities (VNDS), and MB Securities (MBS). The top five companies together accounted for 49.82 percent of the brokerage market share on the southern bourse during the period.

The HoSE report showed that the Q3 market recorded positive signs following strong adjustments made in Q2. The benchmark VN Index increased by 56.35 points or 5.87 percent from Q2.  The capital flow in the market also recovered, with monthly increases recorded.

Trading liquidity in the quarter decreased slightly due to investors’ caution, which was resulted from previous long adjustments and the US-China trade war. Average trading liquidity rose to reach 5.376 trillion VND (231.16 billion USD) for all securities products in September compared to August.

Foreign investors’ involvement also dropped, with their part in the total market trading value falling from 21.5 percent in Q2 to 16.5 percent in Q3. 

A SSI representative said the company grew well in Q3, with its accumulated number of accounts at the end of the quarter hitting over 149,000, including more than 147,000 individuals and 1,800 organisations.


VNA