Value of shares auctioned increases by 84%

Monday, Sep 19, 2016 12:22

THe Ha Noi Stock Exchange (HNX) has held 43 auctions including 26 equitisation of state-owned enterprises, 16 state-capital divestment and capital raising with the total shares offered of 561.5 million shares so far this year. — Photo

HA NOI (Biz Hub) — The value of shares auctioned through the Ha Noi Stock Exchange (HNX) up till September 15 increased by 84 per cent against the same period last year, the bourse said.

The northern bourse held 43 auctions, including the equitisation of 26 state-owned enterprises and 16 firms divesting state stake to raise capital, with a total of 561.5 million shares offered.

Compared with last year, the number of auctions reduced by more than 20 per cent, but the volume of shares sold increased by 2.5 times.

More than 476 million shares, or 84.8 per cent of the shares offered, were sold at the auctions.

The total value of shares sold reached VND6.4 trillion (US$286 million), a surplus of VND361 billion compared with the starting price. The bourse said the reason for the increase was because some large corporations executed their business equitisation or divestment plan in September. In addition, the auctions of shares in batches also helped increase the volume of shares sold. – VNS

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