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VietNamNews

More brokers suspend margin trading in MSN

Update: August, 29/2012 - 11:06

HCM CITY — HCM City Securities Co announced on Monday that it would suspend margin trading on shares of food processor Masan Group (MSN). Previously, FPT Securities Co also suspended margin trading in MSN, along with some banking stocks, while HCM City Securities Co halted margin trades in shares of property developer Hoang Quan (HQC), Na Ri Hamico Mineral Co (KSS), Tay Bac Mineral Co (KTB) and construction firm Song Da 9.06 (S96). The moves followed a recent scandal involving fraud allegations against two major banking tycoons that has rocked the stock market. MSN finished yesterday unchanged, while other blue chips retreated or plunged to floor prices. — VNS

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