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GELEX Electric shares debut on HOSE

The Saigon Times

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HCMC – GELEX Electric began trading its 300 million GEE shares on the Hochiminh Stock Exchange (HOSE) today, August 14, according to local media reports.

The reference price of GEE shares today was VND37,150 per share, with a trading band of 20%, allowing the price to move by up to 20% on either side of the reference price.

Closing the trading session today, 229,600 GEE shares changed hands at VND38,000 per share, up by 2.29% over the reference price.

GELEX Electric JSC, a subsidiary of Gelex Group (stock code GEX), was established on August 29, 2016, specializing in manufacturing and trading electronic measuring equipment.

On the HOSE, the VN-Index remained unchanged today, August 14, at 1,230.36 points, with 243 winners and 163 losers.

Around 507.2 million shares worth VND13 trillion were traded on the southern bourse, down by 6% in volume compared to yesterday’s session. Block deal transactions contributed 64 million shares worth a total of VND2.2 trillion.

In the VN30 basket, 17 stocks advanced and 13 others declined, pushing the VN30-Index up by 1.66 points, or 0.13% day-on-day, to 1,270,38 points.

Notably, VRE gained by 3.15% to VND18,000 per share with 12.34 million shares traded, and VHM rose by 2.34% to VND37,200 per share with 10.12 million shares changing hands.

On the contrary, VCB was the main drag as it fell by 1.68% to VND88,000 per share, with 1.49 million shares transacted.

VIX took the lead by liquidity in the market, with a trading volume of 17.98 million shares.

On the northern bourse, the HNX-Index lost 0.5 point, or 0.22%, against the day earlier at 229.68 points, with 61 advancers and 94 decliners. The trading volume reached 42.6 million shares valued at a combined VND903.2 billion.

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