559 million shares to be auctioned at HNX

Seven auctions held on the Northern bourse last December collected a total value of VND 949 billion (USD 42 million), according to the Hanoi Stock Exchange.

HNX's auctions attract investors. (Photo for illustration. tienphong.vn)

They included one initial public offering (IPO) of the Song Da Corporation, five divestment auctions of Thanh Hoa Port JSC, Mechanisation Electrification Construction Corporation JSC, VINACONEX Corporation, Agribank Jewellery Co., Ltd. and Orient Commercial JS Bank; and one public auction of BIDV Securities JSC.

The total volume of shares sold in December reached more than 365 million shares, 6.9 times higher than the previous month.

More than 50 million shares, equivalent to 14 percent of the offered volume, were sold to investors with a total value of over VND 949 billion, which is higher than the initial price of VND 227 billion (USD 10 million).

The five divestment auctions attracted high interest of the investors. Especially, shares of Thanh Hoa Port JSC, Mechanisation Electrification Construction Corporation JSC and Agribank Jewellery Co., Ltd. were sold out at the auctions.