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Amost no change under new trading regulations at HoSE

Update: July, 06/2021 - 11:58

 

An investor follows stock movements on a computer screen. Investors need to adapt to current market conditions and have a trading plan in advance, consider carefully before placing buy and sell orders. — VNA/VNS Photo

HÀ NỘI - The Hồ Chí Minh Stock Exchange (HOSE)'s Decision 352/QĐ-SGDHCM on securities trading regulations at HOSE officially took effect from Monday.

Under the new decision, HOSE adopted almost no changes to trading regulations on HOSE.

The price fluctuation range during a trading day for stocks, closed-end fund certificates and ETF certificates is regulated to be 7 per cent compared to the reference price, the same as previously.

The price fluctuation range for stocks, closed-end fund certificates, and ETF certificates on the first trading day is 20 per cent compared to the reference price on the first trading day.

When paying dividends or a bonus in treasury shares to existing shareholders, the price fluctuation range of stocks and closed fund certificates during the ex-dividend trading day is 20 per cent compared to the reference price.

When offering treasury shares to existing shareholders, the price fluctuation range will not be adjusted on the ex-dividend date.

The even-lot transaction for order matching method is 100 shares, closed-end fund certificates, ETF certificates or warrants. Each even-lot trading order must not exceed a maximum volume of 500,000 shares, closed-end fund certificates and ETF certificates warrants.

The only adjustment under the new regulation is that it further stipulates the correction and cancellation of orders for order matching transactions. In case of necessity, HOSE has the right to request a member securities company to suspend the correction or cancellation of orders after being approved by the State Securities Commission.

From Monday, HoSE put the new transaction system provided by FPT Corporation into official operation.

The new system is expected to handle 3-5 million orders per day. — VNS

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