SSI Securities Corporation has issued 170 million covered warrants for 16 underlying stocks of companies in the manufacturing and services sectors and banks.
One year after they were introduced on the Ho Chi Minh Stock Exchange, covered warrants have had a positive impact on the market, helping increase liquidity for their underlying stocks.
KIS Viet Nam Securities Co (KIS) will issue covered warrants that underline shares of four large-cap firms – steel maker Hoa Phat Group (HPG), consumer staple firm Masan Group Corporation (MSN), real estate-retail-tech giant Vingroup (VIC) and its retail arm Vincom Retail...
Covered warrants will be listed and traded on the Ho Chi Minh Stock Exchange from June 28, Pham Hong Son, vice chairman of the State Securities Commission of Viet Nam.
Covered warrants, which will be traded on the Ho Chi Minh Stock Exchange from this month, are expected to attract a large number of investors since they have lower investment costs and can be leveraged more than conventional financial products.
VNDirect Securities Corporation (VNDS) will issue covered warrants that underline shares of Mobile World Investment Corporation (HoSE: MWG) and FPT Corporation (HoSE: FPT) on June 10.
Trading of covered warrants will be suspended if their issuers, or securities companies, do not follow regulations on hedging activities recently issued by the HCM Stock Exchange (HOSE).
The State Securities Commission (SSC) will soon complete and issue
guidelines for trading covered warrants and the new product will be
available next year, Nguyen Son, director of the SSC''s Market
Development Development Division, said at a meeting on Tuesday.