The Ho Chi Minh City Stock Exchange (HOSE) has recently updated the list of securities ineligible for margin trading. As of the end of October 2025, 64 stock codes have been removed from margin eligibility. Notable among these are NVL, LDG, BCG, HVN, VPL, SMC, TDH, and CRV.
HOSE cited several reasons for these exclusions, including securities under warning, control, or restricted trading; negative after-tax profits with auditor opinions; and listings of less than six months.
Under the regulations, investors cannot use credit limits (financial leverage) provided by securities companies to purchase these 64 stocks now classified as ineligible for margin trading.
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