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Exchange removes limitations on trading shares

Update: January, 17/2014 - 08:47

The HCM City Stock Exchange will remove trading time limitations on shares controlled from January 20.— Photo saigondautu

HCM CITY (VNS)— The HCM City Stock Exchange will remove trading time limitations on shares controlled from January 20.

Accordingly, the shares will be traded during the entire session but will be categorised as "Controlled." In addition, shares under special control will only be traded during the afternoon session.

Controlled shares include those with charter capital below VND120 billion (US$5.6 million), those making losses over two consecutive years, those with accumulated losses exceeding the charter capital, or those that have halted operations for nine months or more.

In addition, shares under special control include those continually violating regulations on information disclosure or in cases where the exchange sees the need to protect shareholder benefits.

Shares that the exchange has put under control have seen declines in liquidity, which do not reflect the market's actual demand and make it difficult for companies to raise funds. — VNS

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