Mar­gin trad­ing bans an­nounced by HOSE

Viet Nam News - - MARKETS -

HAØ NOÄI — The HCM Stock Ex­change has an­nounced the list of 78 shares which are not el­i­gi­ble for mar­gin trad­ing in the last quar­ter of this year – with many of them un­der the radar of in­vestors.

Mar­gin trad­ing refers to the prac­tice of bor­row­ing money from bro­ker­age com­pa­nies to trade a fi­nan­cial as­set, which forms the col­lat­eral for the loan from the bro­ker.

Many of il­leg­i­ble shares have trad­ing time of less than six months, in­clud­ing mul­ti­me­dia firm Yeah1 Group Cor­po­ra­tion (YEG), Vin­homes (VHM), FPT Retail (FRT), Cen­tury Land JSC (CRE), real estate devel­oper Ñaït Phöông JSC (DPG) and Haûi Phaùt In­vest­ment JSC (HPX).

The bank­ing sec­tor has two names, in­clud­ing Tech­com­bank (TCB) and Tieân Phong Bank (TPB). Two oth­ers op­er­ate in the avi­a­tion ser­vice sec­tor, in­clud­ing Saigon Ground Ser­vice JSC (SGN) and SCSC Cargo Ser­vice Cor­po­ra­tion (SCS).

Oth­ers are op­er­at­ing in the min­eral in­dus­try, fi­nan­cial mar­ket, phar­ma­ceu­ti­cal sec­tor and seafood pro­cess­ing and in­dus­trial man­u­fac­tur­ing in­dus­tries.

On the other hand, many stocks are un­der the alert, su­per­vi­sion and spe­cial su­per­vi­sion and are not al­lowed to trade on mar­gin.

Many of these stocks are big com­pa­nies but have suf­fered losses for a long time. They are Viet­nam Ocean Ship­ping JSC, Hoaøng Anh Gia Lai JSC, Saigon Telecom­mu­ni­ca­tion & Tech­nolo­gies Cor­po­ra­tion, Tröôøng Thaønh Fur­ni­ture JSC and Ocean Group.

Three are un­der spe­cial su­per­vi­sion in­clud­ing seafood pro­cess­ing firm Huøng Vöông JSC, Haûi Phoøng Se­cu­ri­ties JSC and Phöông Nam Cul­tural JSC.

Ac­cord­ing to De­ci­sion 87/ 2017 is­sued by the State Se­cu­ri­ties Com­mis­sion, se­cu­ri­ties which are sub­ject to alert, con­trol, sus­pended or can­celled sta­tus are not al­lowed for mar­gin trad­ing.

Se­cu­ri­ties of is­suers with au­dited fi­nan­cial state­ments which are not fully ac­cepted by in­de­pen­dent au­dit­ing firms or the com­pa­nies vi­o­lat­ing tax law will not also be el­i­gi­ble for mar­gin trad­ing. — VNS

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