Delisting shares on the stock market is a tool for market regulators to create a transparent investment environment, and filter and remove poor quality stocks that cause market manipulation, strengthening investors' confidence in the stock market.
The selling pressure continued to prolong in the trading session on April 18, with more than 820 stocks on all three exchanges plummeting to investors' surprise.
Shareholders of stock code of Hoang Anh Gia Lai (HAG) reacted strongly to the decision to delist on HoSE and switch to UPCoM. This shows that investors still have a sentimental value in stocks that they hold.
Lieutenant General To An Xo, Chief of Staff cum Spokesperson of the Ministry of Public Security, on January 24, informed that the Police Investigation Agency of the Ministry of Public Security issued a decision to prosecute a criminal case, a decision to prosecute the accused, a search warrant, and an arrest warrant for temporary detention against Nguyen Van Nam, former Director of ASA Joint Stock Company, for the crime of "obtaining property by deception", as specified in Article No.174 of the Criminal Code 2015, amended and supplemented in 2017.
Even though the stock market has been vibrant and booming, investors are choosing to ignore and overlook many stocks, despite their value. Investors are seemingly aware that these stocks are more or less defunct, having almost no liquidity to back them up.
Commercial banks have been rushing to list shares on the stock exchange, not only because of the D-day but also because the wave of king stocks has returned. Many banking stocks have risen by 30-50 percent, and some stocks even have risen by 100 percent compared to the beginning of the year, prompting bank owners to take the opportunity to put their shares on the market.
From the beginning of this year to now, the share listing plans of commercial banks have been extremely quiet, currently, many banks have changed their listing routes.
Although stocks on the unlisted public company market (UPCoM) contain many risks, surprisingly, the number of companies increasing was not less than those of two trading floors HOSE and HNX. Whether the fact that many large-cap stocks still stayed on the UPCoM attracted foreign investors or a wide trading range helped the UPCoM to bring higher profits?
According to statistics, by the end of August this year, market capitalization of unlisted public companies (UPCoM) exceeded VND1 quadrillion (US$43.08 billion) with a total of 850 enterprises having registered.
Hanoi Stock Exchange (HNX) has approved of registration for trading shares of Viettel Global Investment JSC, a subsidiary of military-run telecom Viettel Group.
Saigon Mien Trung Beer (SMB) has just announced its shareholders have approved to move 29.846 million shares to the HCM City Stock Exchange (HOSE) from the Unlisted Public Company Market (UPCoM).
The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.
At its shareholders’ meeting on June 23 in Hanoi, Viettel Group’s international investment arm Viettel Global, shareholders agreed that Viettel Global will be listed on the Unlisted Public Company Market (UpCOM) in July.
Vinafood II was officially started trading on unlisted public company market (UPCoM) and registered to list 114.8 million shares with the code VSF, yesterday.
A huge purchase of banking shares in the final minutes of the February 27 session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session.
National flag carrier Vietnam Airlines ended 2017 with pre-tax profit hitting a record high of over 2.8 trillion VND (123.2 million USD), an increase of 8.3 percent from the previous year and 72 percent higher than the yearly target.
