Margin trading list unveiled

October 12, 2011 | 16:05

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The nation’s two stock exchanges have just announced a list of banned securities for margin trading.

There are 56 stocks and fund certificates out 263 listed on the Ho Chi Minh Stock Exchange (HoSE) not allowed to be used as mortgaged assets for margin trading.

Some 16 have a listing period of less than six months, while the remainder is under warning or supervising due to business losses or poor disclosure.

Frequently active stocks Saigon Securities Inc. (SSI), Sacom Development and Investment Corp. (SAM) are included in the list, as they have suffered losses. Sacombank Securities (SBS), Sao Vang Rubber (SRC), Transport Engineering Construction & Business Investment (NTB) are in the same boat.

Hoang Quan Consulting-Trading-Service Real Estate Corp (HQC), a speculative stock that often outperformed the market, is also banned as the company is still delaying its 2011 first half business statement.

Also, the Hanoi Stock Exchange named 97 ineligible securities out of 269 listed ones. Securities companies’ shares, including major and top-active ones like Kim Long Securities (KLS), Bao Viet Securities (BVS), VnDirect Securities (VND), were part of the list.

Besides those stocks are stocks that are strongly attracting investors’ cash, including Vietnam Construction and Import-Export(VCG), PetroVietnam-Nghe An Construction (PVA)and IDJ International Financial Investment And Enterprise Development (IDJ).

The lists will be adjusted quarterly by the two stock exchanges, and can be expanded on by each brokerage firm.

vir.com.vn

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