flu threat to stock market trading
HA NOI — If a quarter of
the securities companies on the HCM City or Ha Noi stock exchanges suspended
trading activities because of the threat of A/H1N1 flu, it would force the State
Securities Commission to suspend all market trading.
The commission said
yesterday such measures, which would be the strictest part of preventive
measures it would develop to combat the threat, were outlined on its website.
If transaction agencies or
headquarters of stock exchanges, securities depository centre or securities
companies were in threat of A/H1N1 flu and needed isolating, any trading
activities would be suspended. The offices must report the situation to the
commission within a day.
The commission encouraged
investors to apply for online or telephone trading and urged securities
companies to instruct investors to follow health recommendations on the flu when
they used trading floors and to develop a plan to prevent the disease being
spread on their premises. Observers at some securities trading floors said
investors rarely use mufflers for protection.
"Coming to the floor
is our habit, to exchange information and to chat. The mask makes it
uncomfortable for us to talk and trade," said Nguyen Hai Dang, an investor
at Saigon Securities Inc.
Events in exchanges seemed
much more important than the flu story, said Dang.
Nguyen Hoang Hai, an
analyst at a HCM City-based securities company, said the commission aimed to
prevent investors from spreading the epidemic.
psychologically spurs investors as it shows the care needed from market
regulators to investors."
The trading suspension
could cause securities companies a significant loss turnover.
The possibility of market
closures could lessen investors’ interest with securities, especially when
global market moves created an advantage for local traders, Hai said. — VNS