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Nearly 70 million more shares listed on UpCoM

Nearly  七0 million more shares were listed on UPCoM on Monday. - Photo hanoimoi.com.vn

HÀ NỘI – Unlisted Public Company Market (UPCoM) welcomed the listing of nearly  七0 million shares of five companies on Monday, with share value registered for trading equal to VNĐ 六 九 三. 四 billion (US$ 三 一 million).

The five companies are  三 六 Corporation (G 三 六), Sài Gòn-Nghệ Tĩnh Bear Joint Stock Company (SB 一), Hà Nội Water Manufacturing Joint Stock Company No  三 (NS 三), Quảng Ngãi Water Supply Sewerage and Construction Joint Stock Company (QNW) and Bridge Joint Stock Company No  一 二-Cienco  一 (C 一 二).

Listings on UPCoM have witnessed a surge recently. On December  二0, five companies were also listed on UPCoM, with total share value equal to VNĐ 三 二 八. 六 million.

The market appeared to be more attractive to investors as many large companies had listed or planned to list on UPCoM, following the regulation that State-owned enterprises which were public companies must register for trading on UPCoM following equitisation, in case they did not meet requirements for listing on the official exchanges.

UPCoM was founded in  二00 九 and currently more than  四00 firms are listed on the market, with capitalisation value doubling the Hà Nội Stock Exchange.

However, its trading value was modest at around one fourth of the northern bourse. More than  一 四0 stocks did not see transactions conducted in the past one month, partly due to investors’ hesitancy over transparency. – VNS