Recently, the Ho Chi Minh City Stock Exchange (HoSE) announced a list of 86 securities that are ineligible for margin trading in the fourth quarter of 2023, an increase of 10 compared to the list published at the beginning of the third quarter.
These are mainly familiar stocks that are under warning or control status, such as ABS, AGM, APC, ASP, BCE, CIG, CKG, DAG, DXV, EVG, FDC, GMC, HVN, LDG, NVT, OGC, PIT, POM, PPC, SCD, SJF, TDH, TGG, TTF, TVB,...
Shares of Apax Holdings (IBC), Hoa Binh Construction (HBC), Hai Phat Construction (HPX), etc., which are subject to trading restrictions or suspensions by HoSE, cannot be traded on margin.
Three stocks – HAG of Hoang Anh Gia Lai, ITA of Tan Tao, and NVL of Novaland – also continued to have their margin limits cut in the fourth quarter due to being under warning status from HoSE.
The sharp decline in business results in the first half of 2023 also led to many stocks being subject to margin calls, including APH, ASG, DTL, DXS, DRH, FRT, GIL, HSG, HT1, PLP, QCG, SBV, SMC, TDC, TPC, TSC, TTE, TYA, etc. The reason for this is that the after-tax profit attributable to parent company shareholders in the audited consolidated semi-annual financial statements of 2023 was negative.
Some fund certificates have had their margin requirements suspended by HoSE.
In addition, the list of 86 stocks subject to margin cuts in Q4 also includes a number of fund certificates whose net asset value (NAV) per unit is less than the par value based on monthly net asset value change reports for three consecutive months (FUCVREIT, FUEDCMID, FUEIP100, FUEKIV30) or fund certificates listed for less than six months such as FUEBFVND, FUEMAVND, FUEFCV50.
According to regulations, investors will not be allowed to use the credit limit (financial leverage - margin) granted by the securities company to purchase 86 stocks that are on the list of securities ineligible for margin trading .
Thu Huong
Source
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