The Ho Chi Minh Stock Exchange and Hanoi Stock Exchange yesterday announced lists of more than 150 securities not eligible for margin trading.
The HOSE list has 56 securities, of which 16 have been listed for less than six months, nine are under supervision, four have a warning status, and one has been suspended. The rest are companies with accumulated losses.
The Hanoi exchange listed 97 securities which do not qualify for similar reasons.
The HOSE said the list would be regularly updated, adding that security companies should list the eligible stocks on their websites and report to it within 10 days.
In August the State Securities Commission had announced regulations for margin trading, identifying shares and brokerages eligible for it.
A security will only qualify if the company has been listed for at least six months, has no accumulated losses, and not been suspended.
The initial margin trading rate has been fixed at 60 percent, meaning brokerages will lend up to 60 percent of the value of a security.