HCMC – The Hochiminh Stock Exchange, or HOSE, today, July 5, released a list of 76 stocks and fund certificates ineligible for margin trading in the third quarter of this year, two stocks higher than the previous list published in the second quarter.
The list includes stocks frequently under warning or control by authorities, such as ABS, TGG, HBC, HNG, HVN, ITA, LDG, NVT, PMG, POM, QBS, SCD and APC.
Margin trading restrictions have also been imposed on several stocks, such as NKG, APH, DC4, DTL, LEC, MHC, PSH, PVD, SMC, SRF, TSC and VJC. These companies suffered accumulated losses, according to their financial statements.
Another reason for the restrictions is that some companies have failed to file their audited financial statements on time.
Additionally, some other stocks and fund certificates listed for less than six months are also ineligible for margin trading, including PVP, FUEFCV50 and FUEMAVND.
Other fund certificates, including FUCTVGF3, FUCVREIT, FUEDCMID, FUEIP100, FUEKIVFS and FUEKIV30, have been subject to margin trading restrictions as their indicative net asset value (iNAV) is lower than the par value based on the monthly report on NAV Changes for three consecutive months.
Investors will not be able to use the credit limit provided by brokerage companies to buy these stocks and fund certificates.
Regarding the stock market movements today, the HOSE saw 218 stocks rising and 183 others dipping. Its benchmark VN-Index rose 2.62 points, up 0.23% from the previous session, to 1,134.62 points.
Trade in the southern market improved by 15% in volume and 17.5% in value day-on-day, with 807 million shares worth VND17.2 trillion changing hands. Block deals contributed more than VND1.9 trillion to the overall value, with 62.2 million shares transacted.
Bluechips VCB and HPG were the main drivers today. The former contributed 2.4 positive points to the main index, while the latter generated one positive point.
Many bank stocks reversed course and closed in the red, including TCB, TPB, SHB, HDB, and ACB, falling by around 0.5%.
VCB improved by 2%, VIB 1.27%, and VPB 0.5%. VPB was the most actively traded stock among lenders, with a matching volume of 20.5 million shares.
Steelmaker HPG stole the limelight, rising the steepest among the largest 30 stocks by market capitalization, with a gain of 2.7%. In addition, HPG saw the most shares matched on the southern exchange, at 31.8 million shares.
Other steel stocks also gained steam. HSG inched up 0.6%, and NKG rose 1.1%. The respective trading volume of 18.8 million shares and 18 million shares placed the two among the 10 most actively traded stocks on the market.
Securities stocks underperformed today. VIX stayed unchanged, while VND and SSI lost over 1%. Their trading volume ranged from 15.8 million shares to 21.8 million shares.
The HNX-Index of the Hanoi Stock Exchange lost 0.92 point due to strong selling pressure, ending at 227.84 points at the close, with 93 advancers and 84 decliners.
There were 90.3 million shares worth nearly VND1.4 trillion traded on the northern market.