HOSE prohibits 94 stocks and fund certificates from margin trading

September 02, 2023

HCMC – The Hochiminh Stock Exchange (HOSE) has announced that seven more stocks are now ineligible for margin trading, taking the total count of restricted stocks and fund certificates to 94 as of August 31. Among these, the initial six stocks have been placed under margin trading restriction due to reporting losses in their consolidated financial statements for the initial six months of 2023. For instance, DXS reported revenue of VND1,029 billion but incurred losses of VND61 billion in the first half of 2023. On the other hand, ADG has been subject to restricted margin trading due to its semi-annual consolidated financial report for 2023 not receiving full acceptance from the auditing organization. With the inclusion of these seven stocks, the tally of stocks and fund certificates under margin trading restrictions on HOSE has risen to 94, predominantly those of loss-making entities.

The source of this news is from The Saigon Times

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