The Ho Chi Minh City Stock Exchange (HoSE) has recently announced the addition of two securities to the list of ineligible stocks for margin trading: NVL shares of Nova Group Joint Stock Company (Novaland-NVL) and Construction Company No. 5 (SC5).
According to HoSE, these two construction and real estate stocks were deemed ineligible for margin trading due to delayed disclosure of semi-annual financial statements for the first six months of 2024. The companies exceeded the allowed time frame by over five working days, as stipulated by regulations.
Novaland: A renowned brand in the real estate and stock markets
Following the announcement, NVL shares experienced a sell-off, plunging to the floor price of 11,850 VND per share, with nearly 40 million shares matched before the morning trading session ended. Moreover, there were still over 2 million sell orders at the floor price.
In contrast, SC5 shares exhibited no liquidity and remained at the reference price of 17,500 VND per share.
Tomorrow’s Stock Market Outlook: Which Three Sectors Should Investors Consider for Profit-Taking?
The stock market witnessed another volatile session on September 9th. Despite the fluctuations, the emergence of buying interest indicates that investor sentiment is not overly pessimistic. The presence of buyers suggests a hopeful outlook for a potential rebound.
