Additional 17 stocks put under alert, supervision and trading suspension on HNX

Sep 25th at 07:15
25-09-2018 07:15:11+07:00

Additional 17 stocks put under alert, supervision and trading suspension on HNX

The Ha Noi Stock Exchange (HNX) has announced an additional 17 shares subject to alert, supervision and trading suspension.

 

Most of them have violated information disclosure rules many times.

Two stocks put under temporary trading suspension were named as Sai Gon Vegetable JSC (SGO) (from September 21) and ASA Consumer Product JSC (ASA) (from September 20).

According to HNX, SGO continued to violate regulations on information disclosure on the stock market after the stock had been put under supervision. The company has not remedied the cause for which the stock had been put under supervision.

On January 25, 2017, SGO shares were put under supervision and trading restriction (trading only every Friday) due to inaccurate information disclosure. The company was also fined VND330 million (US$14,163) for delayed information disclosure as well as organisation of the annual shareholders’ meeting.

SGO shares are currently being traded at under VND1,000 per share.

Meanwhile, the trading restriction of ASA shares was to protect investors’ interest, HNX said. On July 31 this year, ASA shares were put under supervision as the company delayed submitting its audited 2017 financial statement. The company has yet to submit the required statement and is still under supervision.

One other share was put under supervision due to information disclosure violations. It was Bac Lieu Fisheries JSC (BLF). This stock can only be traded every Friday.

Fourteen stocks were put under alert. Many of them have violated information disclosure regulations four times in a year, including Quang Ninh Construction & Cement (QNC), Petrovietnam Engineering Consultancy JSC (PVE), Ha Noi Milk JSC (HNM) and Duc Long Gia Lai Investment JSC (DL1).

As of September 24, 72 stocks are under alert and supervision on the HNX, while 20 stocks are subject to trading suspension.

bizhub



NEWS SAME CATEGORY

Shares mixed at end of session

Shares were mixed at closing on Monday morning – higher on the HCM City Exchange but lower on the northern bourse.

Market outlook positive for last week of September

Outstanding performance of financial-banking and petroleum stocks that helped Viet Nam’s benchmark VN-Index re-take the 1,000-point level is expected to continue in...

VN stocks mixed, liquidity rises

Vietnamese shares were mixed on Friday with the benchmark VN-Index falling as exchange-traded funds (ETFs) completed their quarterly portfolio reviews.

VN stocks lose on energy, ETF reviews

Vietnamese shares fell on Friday morning, dragged down by petroleum stocks on the last day of exchange-traded funds’ portfolio reviews.

Finance, petroleum stocks extend market’s rally

Vietnamese shares gained steadily on Thursday, driven by positive investor confidence that lifted financial-banking and energy stocks.

SSC aims to increase quality of securities firms

The State Securities Commission (SSC) will enhance the quality of securities firms by shutting down and revoking licences of financially-weak companies to ensure...

VN-Index fails to overcome 1,000 points

The benchmark VN-Index again failed to overcome the 1,000-point threshold in Thursday’s morning trade following the slowdown of banking and energy stocks.

Stocks up slightly on profit-taking

Vietnamese shares edged up slightly on Wednesday afternoon as investors tried to lock in profits after the benchmark VN-Index surpassed the 1,000-point level...

VN markets up on back of financial stocks

Vietnamese shares gained on Wednesday morning driven by financial-banking stocks.

VN stocks rise despite trade war

Vietnamese shares recovered on Tuesday, driven by large-cap stocks despite further complications in US and China trade relations.

TRENDING


MOST READ


Back To Top