Shares of VNDirect Securities Joint Stock Company will be traded on the HCM Stock Exchange (HoSE), starting from August 18, the southern bourse has announced.

HoSE said it has approved the listing of 155 million shares, equivalent to a total listing value of VND1.55 trillion (US$68 million), at the reference price of VND23,900 per share. The shares will be traded under the code VND.

The share price is allowed to fluctuate +/-20 per cent on the first trading day, so the floor and ceiling prices will be VND19,120 per share and VND28,680 per share, respectively.

On Monday, VND cancelled its listing on the Ha Noi Stock Exchange (HNX). It was traded at VND24,900 per share during the last trading session on the HNX on August 11.

In the first six months of 2017, VNDirect earned VND695 billion in net sales and VND325.5 billion in after-tax profit, meeting 65 per cent and 83 per cent of its annual target, respectively. In terms of brokerage market share, VNDirect is ranked fourth on the HoSE, and was third on the HNX. — VNS