In 2011, the number of newly listed firms on both stock exchanges (HNX and HOSE) has plunged due to the less attractive market. Next year the number is estimated to be higher, the Dau Tu Chung Khoan reported.
Since the year early, HOSE has welcomed extra 25 listed firms, lower nearly a half than 2010. In a talk with Dau Tu Chung Khoan, Tran Thi Thanh Dao—Head of Listing Department of HOSE said that in December, 3-4 more firms went to the bourse, namely Ben Thanh Rubber Joint Stock Co (Beruco), Tien Phong Technology Joint Stock Co while some others finished procedures but have not chosen an official listing date.
Despite a decrease in the number of newly listed firms, the volume of listed shares within this year still reached the year’s plan thanks to the participation of Military Bank.
Next year HOSE targets to reach the same listed shares as 2011, in which, the expected listing of BIDV will help increase the volume. In addition, Dao added, a new circular on improving quality of officially listed shares will contribute to raise quality of listed commodities on the market generally and HOSE particularly.
On HNX, 29 new codes went on the bourse from the start of 2011 till now, including Vietnam Post Insurance JSC (capitalized at 450 billion dong), Cuu Long Petroleum Transportation JSC (230 billion dong), FLC Group JSC (170 billion dong)…
Total number of HNX-listed firms this year has declined year on year. By late November, the stock exchange regulator received listing applications of four enterprises namely Mediplantex Pharmaceutical JSC (50 billion dong), Sapa Petroleum Tourism JSC (100 billion dong), Song Da 7.02 JSC (60 billion dong), Vietnam Energy Investment and Development JSC (56.25 billion dong).
According to the primary data, over 20 firms submitted listing applications and are waiting for HNX’s approval. Some of them delayed listing due to unfavourable market conditions.
Up to December 8, total listed firms on both bourses amounted to 700 with the absence of big giants such as Vinaphone, MobiFone, Sabeco, and Habeco.
The number of listed firms in 2012 is expected to be higher than 2011, especially in the last half of next year.
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