Business

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.
HNX nets 2.4 trillion VND in auctions ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Eighteen auctions held on the Hanoi Stock Exchange (HNX)in the first five months of the year raised more than 2.4 trillion VND (105.8million USD), up 24 percent from the same time last year.

Some 175.6 million stocks were sold, or 97 percent of shares on offer. Sharesin 15 auctions sold out.

Investors registered to buy 425 million shares, 2.35 times higher than theamount 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 ofAgriculture Material Corporation Limited earned upwards of 83 billion VND (36.6million USD) for the State.

Notably, Viglacera’s auction in May attracted 1,026 investors, a record high inthe past five years. The enterprise raked in some 1.9 trillion VND (83.8million USD) from selling 120 million shares, 91.65 percent of which werepurchased by foreign investors.-VNA


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