Fried Shrimp Chips Join the Stock Exchange

Investors put more buying orders for SGC shares in the bullish market. (Photo: T.C)

Tuesday, the Ho Chi Minh City Securities Trading Center (HSTC) reopened after the National Day break to welcome its 49th listing, the Sa Giang Import – Export Joint-stock Company (Sagimexco).

Sagimexco is the manufacturer of many kinds of deep fried shrimp products in Dong Thap province, including “Sa Giang fried shrimp chips”, one of the most popular processed seafood brands in Viet Nam.

On the company’s debut session, the SGC shares of Sagimexco were bought at around 50,000 each and closed at VND55,000/share (about US$3.43/share) with VND90.75 million worth of shares traded in total. While the shares’ selling volume was merely 3,000 shares, the total buying orders placed exceeded 110,000 shares.

Some veteran investors believe that Sagimexco is “lucky” to hit the bourse amid the bullish market period. The shares are therefore priced more optimistically than other stocks such as Sacombank, Vinafco, Binh Minh Plastic, Vinh Son – Song Hinh hydropower, and Sudico, all of which listed in July.

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By Tuong Chau

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