In November, the Ha Noi Stock Exchange (HNX) organised six auctions, collecting a total value of more than VND418 billion (US$18.3 million).

Of these, there were two initial public offerings (IPO) of One Member Limited Liability Company No 532 and One Member Limited Liability Company No 145, and four divestment auctions at Ha Noi Real Estate Investment Joint Stock Company, Cement Finance Joint Stock Company, Sai Gon Bank for Industry and Trade (Saigonbank) and PetroVietnam - SSG Real Estate Joint Stock Company.

The total volume of shares auctioned in November reached over 27.9 million shares, an increase of 143 per cent against October. The total bid volume of investors also increased sharply, with more than 66.8 million shares, 2.4 times higher than the volume offered.

As a result, more than 25.9 million shares (equalling to 93 per cent of the offered volume) were sold to investors, with a total value of over VND418 billion, which is higher than the initial price of VND100 billion. On an average, the value of shares auctioned successfully reached over VND69.6 billion, up 50 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 100 per cent of shares offered, of which, the capital withdrawal of Vietcombank in Saigonbank collected a surplus of VND133 billion. — VNS