Recently, the Hanoi Stock Exchange (HNX) announced the list of securities ineligible for margin trading in Q4/2025.
According to the list, 62 stock codes will not meet margin trading requirements in Q4/2025, an increase of 5 codes compared to the list released at the beginning of Q3/2025. The effective date is October 10, 2025.
The primary reasons for these securities being excluded from margin trading include being under special control, warning, suspension, trading restrictions, delayed disclosures, tax violations, and more.
The only exception is the TD6 code of Than Deo Nai – Coc Sau – TKV Joint Stock Company, which was excluded due to being listed for less than 6 months from its first trading day.
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Two stock codes were excluded due to tax violations confirmed by tax authorities: NRC of NRC Group Joint Stock Company and VNT of Viet Nam Foreign Trade Transport and Service Joint Stock Company.
Additionally, three securities companies were included in the list: APS of Asia-Pacific Securities Joint Stock Company, HBS of Hoa Binh Securities Joint Stock Company, and VIG of Vietnam Financial Investment Securities Joint Stock Company.
Several familiar enterprise codes were also listed, such as BNA of Bao Ngoc Investment Group Joint Stock Company, due to the parent company’s negative after-tax profit in the first half of 2025, as reported in the audited consolidated financial statements.
GKM of GKM Holdings Joint Stock Company was excluded due to trading warnings, restrictions, and delayed submission of audited financial statements for 2024 beyond the deadline by more than 5 working days.
TIG of Thang Long Investment Group Joint Stock Company was excluded due to being under warning and special control.
Similarly, NBP of Ninh Binh Thermal Power Joint Stock Company was excluded due to trading warnings.
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