More than 700 businesses trade on UPCoM

The new comers included VNPost Express Joint Stock Company (coded EMS), Da Nang Security Company (coded DSC), Hanoi-Nam Dinh Beer Joint Stock Company (coded BBM) and Hanoi School Books and Equipment Joint Stock Company (coded HAB).  Photo for illustration Total transactions were estimated at over VND 247 trillion (USD 10.8 billion) and UPCoM’s market capitalization reached VND 719.4 trillion (USD 31.67 billion) so far. Last year, UPCoM saw a leap in both market scale and liquidity. An average 11.6 million shares were traded at each transaction with average value at VND 218 billion (USD 9.6 million), up 35 percent in volume and 71 percent in value as compared to the previous year. The HNX attributed the sound results to an array of policies which encourage enterprises to trade on UPCoM. Especially, the Ministry of Finance’s Circular No.115/2016/TT-BTC was billed as a driving force for the bourse’s development when it attaches share auctions as part of equitization with trading registration on UPCoM. A line-up of workshops and training courses were held by the HNX to help local businesses get updated with latest regulations and understand the Government’s policy on state-owned enterprises (SOEs) restructuring in companion with stock market participation Particularly, the HNX issued a set of regulations to classify codes on the UPCoM based on capital scale to make it easier for investors to follow existing companies. The exchange is also making preparation for the classification and management of a large number of commodities to be released into the UPCoM market… [Read full story]


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