The Unlisted Public Company Market (UPCoM) welcomed 11 newly registered stock codes, increasing the total number of businesses trading on the bourse to 701 as of January 5.(Photo: VNA)Hanoi (VNA) – The Hanoi Stock Exchange (HNX) said that its UnlistedPublic Company Market (UPCoM) welcomed 11 newly registered stock codes,increasing the total number of businesses trading on the bourse to 701 as ofJanuary 5.
The new comers included VNPost Express Joint Stock Company (coded EMS), Da NangSecurity Company (coded DSC), Hanoi-Nam Dinh Beer Joint Stock Company (codedBBM) and Hanoi School Books and Equipment Joint Stock Company (coded HAB).
Total transactions were estimated at over 247 trillion VND (10.8 billion USD)and UPCoM’s market capitalisation reached 719.4 trillion VND (31.67 billion USD)so far.
Last year, UPCoM saw a leap in both market scale and liquidity. An average 11.6million shares were traded at each transaction with average value at 218billion VND (9.6 million USD, up 35 percent in volume and 71 percent in valueas compared to the previous year.
The HNX attributed the sound results to an array of policies which encourageenterprises to trade on UPCoM. Especially, the Ministry of Finance’s CircularNo 115/2016/TT-BTC was billed as a driving force for the bourse’s developmentwhen it attaches share auctions as part of equitisation with tradingregistration on UPCoM.
A line-up of workshops and training courses were held by the HNX to help localbusinesses get updated with latest regulations and understand the Government’spolicy on state-owned enterprises (SOEs) restructuring in companion with stockmarket participation.
Particularly, the HNX issued a set of regulations to classify codes on theUPCoM based on capital scale to make it easier for investors to follow existingcompanies. The exchange is also making preparation for the classification andmanagement of a large number of commodities to be released into the UPCoM marketsoon.
The registered stocks on UPCoM are now grouped into three categories: stocksissued by companies with registered owner’s equity of more than 1 trillion VND(44.67 milion USD) belonging to the UPCoM Large category, stocks from thosewith 300 billion VND (13.4 million USD) to 1 trillion VND (44.67 million USD)belonging to the UPCoM Medium and those from 10 billion VND (446,700 USD) tounder 300 billion VND (13.4 million USD) classified as UPCoM Small.
Inspection of businesses’ information came to the HNX’s attention as well.
In the coming time, the HNX will work to improve transparency for UPCoM and enhancethe market’s liquidity. As part of efforts to increase attractiveness of themarket, the HNX will study the establishment of a market for start-upfirms.-VNA
VNA
