HNX nets 2.4 trillion VND in auctions
Eighteen auctions held on the Hanoi Stock Exchange (HNX) in the first five months of the year raised more than 2.4 trillion VND (105.8 million USD), up 24 percent from the same time last year.
Illustrative image (Source: VNA)Some 175.6 million stocks were sold, or 97 percent of shares on offer. Shares in 15 auctions sold out.
Investors registered to buy 425 million shares, 2.35 times higher than the amount up for sale.
Four initial public offerings by 185 company limited, Haprosimex company limited, Bac Ninh Water Supply and Sewerage company limited and Vietnam General of Agriculture Material Corporation Limited earned upwards of 83 billion VND (36.6 million USD) for the State.
Notably, Viglacera’s auction in May attracted 1,026 investors, a record high in the past five years. The enterprise raked in some 1.9 trillion VND (83.8 million USD) from selling 120 million shares, 91.65 percent of which were purchased by foreign investors.-VNA
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