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HNX nets VNĐ9.8 trillion in auctions

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The Hà Nội Stock Exchange (HNX) said it has organised 19 auctions so far this year, collecting almost VNĐ10 trillion in shares.

The Hà Nội Stock Exchange (HNX) said it has organised 19 auctions so far this year, collecting almost VNĐ10 trillion in shares. — Photo hanoimoi.com.vn

 

More than one billion shares were auctioned in total. Over 627 million shares, equivalent to 63 per cent, were traded during the auctions, raising VNĐ9.8 trillion (US$431.2 million).

Of the 19 auctions conducted, three were four capital withdrawal, five were for initial public offerings, and one was for purchase rights. 

Auctions for capital withdrawal have remained attractive for investors, with an auction for the capital divestment of Apatit Việt Nam One Member Ltd. Co., at Việt Nam Apatit Phosphorus JSC, as well as an auction for the purchase rights of the Airports Corporation of Việt Nam, having been held in May.

Up to 14.99 million shares were ordered during the capital divestment auction, as compared to only 10.5 million auctioned shares, all of which were sold out by the end of the proceeding. 

Meanwhile, only 0.07 per cent or 262,000 rights to buy shares of the Airports Corporation of Việt Nam were sold in the auction for purchase rights. 

The HNX said there will be only one auction in June. More than 20.5 million of shares of Bạch Đằng Construction Corporation will be put on sale during this month’s auction, which will be held June 18.

 

Source: VNS

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