Business

Over 392 mln shares to be auctioned on HNX in May

The Hanoi Stock Exchanges (HNX) said over 292.2 million stocks will be offered for sale on the bourse in May.
Over 392 mln shares to be auctioned on HNX in May ảnh 1The Hanoi Stock Exchanges (Source: Vietnam Finance)

Hanoi (VNA) - The Hanoi Stock Exchanges (HNX) said over 292.2 million stocks will be offeredfor sale on the bourse in May.

Sai Gon Postel Corp, OrientCommercial Joint Stock Bank (OCB), and Vietnam Aviation Corporation registered to put their shares onHNX in the month.

According to HNX, investorscontinue to pay attention to shareauctions, especially the initial public offerings (IPOs).

In April, HNX organised four share auction sessions, including two IPOs and two capital withdrawals.

The active participation ofinvestors helped the sessions’ average bidding prices in the month stand at highrates. Especially the successful bidding prices of the two IPO auctions of VanTuong Construction Investment One Member Co. Ltd. and the capital withdrawal auctionat OCB were higher than the initial prices by between 63 and 98 percent.

The total volume of shares offeredin the four April auctions reached over 19.9 million, down 77 percent comparedto the volume offered in the previous month. However, the volume of sharesordered was 5.2 times higher than that offered.

Notably, the volume of shared ordered at the auction of capital withdrawal atOCB was 11 times higher than that for sale.

HNX said, 98.9 percent of the offered volume in the four auctions, or over 19.7million shares were sold for 914 billion VND (over 40 million USD, gaining 144billion VND (6.31 million USD) compared to the offered value.-VNA
VNA
# Hanoi Stock Exchanges #HNX #initial public offerings #OCB #IPO #capital withdrawal #offered value #Vietnamplus #Vietnam News #Vietnam News Agency
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