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IDJ shares banned from margin trading

The Saigon Times

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HCMC – The Hanoi Stock Exchange has put IDJ shares of IDJ Vietnam Investment JSC on the list of stocks ineligible for margin trading.

The ban took effect today, September 12, resulting from the company’s reviewed consolidated financial statements for the first half of 2023 having received a modified opinion from its auditor.

The audit revealed that IDJ had made advances to employees of its parent company, totaling over VND209.39 billion as of June 30.

The firm explained these advances were to facilitate transactions related to potential projects. However, the auditor was not provided with the necessary documentation to determine whether the advances were used for their intended purposes.

IDJ shares closed the trading session today up 2.63% over the previous session to VND7,800 per share, with a matching volume of nearly 2.1 million shares.

The Hochiminh Stock Exchange recorded 407 gainers and 116 decliners, with the VN-Index climbing by 21.82 points, or up 1.78% day-on-day, closing at 1,245.44 points.

Total trading volume on the southern bourse exceeded 967.8 million shares worth around VND23 trillion, plunging 30% and 28% compared to the previous session, respectively. Block deals contributed over VND2.6 trillion to the overall value, with 87 million shares changing hands.

All bluechips in the VN30 basket were advancers today, helping the VN30-Index jump 25.12 points to 1,255.83 points.

SSI stole the limelight as it shot up to its daily upper limit to reach VND35,800 per share and posted the highest trading volume in the VN30 list, with a trading volume of over 37.1 million shares.

GVR also made a notable gain, rising by 4.4% to reach VND22,700 per share. The VN30 basket saw 25 stocks rising between 1% and 2.9%.

Many securities stocks surged to their ceiling prices or posted gains between 4.4% and 6.7%.

The real estate sector also saw significant growth, with PDR surging by 6.5% to VND26,300 per share. DXG, LCG and FCN soared over 5%.

Housing developer NVL remained the most actively traded stock on the southern market with over 57.2 million shares being traded. It inched up 2.2% to close at VND20,950 per share.

Meanwhile, the number of winners doubled that of losers on the Hanoi Stock Exchange. The HNX-Index added 4.99 points, up 1.98% against the session earlier, to close at 256.32 points.

There were 97.5 million shares valued at around VND1.92 trillion changing hands on the northern bourse.

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