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Investors face losses with bigger stock market trading lot
By Dat Nguyen March 6, 2021 | 11:29 am GMT+7
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Small investors could lose hundreds of millions of dong (VND100 million = $4,300) if they are unable to sell their shares when the minimum trading lot is raised to 1,000.
Since the Ho Chi Minh Stock Exchange (HoSE) raised its minimum trading lot from 10 to 100 earlier this year, Duy Duc in Hanoi has not been able to sell 90 shares that are now worth around VND7.4 million ($319).
Securities association expresses concern over prospect of 1,000 shares minimum trading lot Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
05/03/2021 17:35 GMT+7
A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality.
The Vietnam Association of Securities Businesses (VASB) has expressed concern over a proposal of the Ho Chi Minh City Stock Exchange (HOSE) in raising the minimum trading lot to 1,000 shares to ease the overload issue.
A 1,000 minimum trading lot could reduce 40-50% of the total transaction volume on HOSE. Photo: Cong Hung
The HCM Stock Exchange is considering taking away the option of canceling and modifying orders as it seeks to ease the overload on its outdated system. - VnExpress International
SSC orders to reenact measures to direct the stock market as community COVID-19 cases surge Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
02/02/2021 19:36 GMT+7
After a surge in new community COVID-19 cases which were reported last week, the State Securities Commission of Vietnam (SSC) ordered industrial units to reenact measures to stabilise market activities.
The market benchmark VN-Index ended Monday at 1,035.51 points, down 2 per cent. VNS/VNA Photo
In a press conference, Ta Thanh Binh, Director of Securities Market Development Department under the SSC, said that the commission directed stock exchanges, Vietnam Securities Depository (VSD) and market participants to carry out solutions implemented last March and April to stabilise the market and respond to the pandemic.