At an auction on HNX in April, 2018 (Source:VNA)

Hanoi (VNA) – Twenty-one auctions were held at the Hanoi Stock Exchange (HNX) in the first half of 2018, including 14 for capital withdrawal, six for initial public offering (IPO) and one for purchase rights.

More than 1 billion shares were auctioned, of which some 650 million shares were traded, equivalent to 63 percent. About 10.4 trillion VND (452.9 million USD) worth of shares were collected after the 21 auctions. 

Investors were interested in auctions for divestments and IPOs on HNX, with offered volume several times higher than sale volume.

In June there was an IPO auction of the Hai Duong motor vehicle registration centre, and another auction for capital withdrawal of Bach Dang Construction Corporation JSC of the Ministry of Construction.

Only 22 million shares worth 556 billion VND (24.2 million USD) were auctioned, while up to 90 million shares were ordered in the two auctions, up four times compared to those for sale.

According to the HNX, it will hold two auctions in July, with more than 11 million shares of the Duyen Hai Quang Ninh One-member Company Limited and the Nghe An Water Supply JSC on offer.-VNA