Six auctions in HNX in November

The total volume of shares auctioned in November reached over  二 七. 九 million shares, an increase of  一 四 三 per cent against October. — Photo HNX

HÀ NỘI — In November, the Hà Nội Stock Exchange (HNX) organised six auctions, collecting a total value of more than VNĐ 四 一 八 billion (US$ 一 八. 三 million).

Of these, there were two initial public offerings (IPO) of One Member Limited Liability Company No  五 三 二 and One Member Limited Liability Company No  一 四 五, and four divestment auctions at Hà Nội Real Estate Investment Joint Stock Company, Cement Finance Joint Stock Company, Sài Gòn Bank for Industry and Trade (Saigonbank) and PetroVietnam - SSG Real Estate Joint Stock Company.

The total volume of shares auctioned in November reached over  二 七. 九 million shares, an increase of  一 四 三 per cent against October. The total bid volume of investors also increased sharply, with more than  六 六. 八 million shares,  二. 四 times higher than the volume offered.

As a result, more than  二 五. 九 million shares (equalling to  九 三 per cent of the offered volume) were sold to investors, with a total value of over VNĐ 四 一 八 billion, which is higher than the initial price of VNĐ 一00 billion. On an average, the value of shares auctioned successfully reached over VNĐ 六 九. 六 billion, up  五0 per cent compared to October.

Remarkably, four divestment auctions in enterprises attracted high interest of investors and had a higher number of orders placed than the number of shares offered. All of these four divestment sessions sold  一00 per cent of shares offered, of which, the capital withdrawal of Vietcombank in Saigonbank collected a surplus of VNĐ 一 三 三 billion. — VNS