The Ho Chi Minh Stock Exchange (HoSE) suspended all trading activities for the second consecutive day on Wednesday, citing a software glitch that prevented the exchange from completing its closing procedure on Monday afternoon.All trading activities were suspended at the HoSE through Tuesday with the exchange operator announcing that the suspension would remain effective on Wednesday, without explaining when it would reopen.At around 2:30 pm on Monday, the exchange’s electronic order matching system, which matches buy and sell trades, began to lose signal.HoSE announced later the same day that a software glitch had occurred and that the stock exchange was unable to match closing prices for Monday’s session.The exchange operator immediately notified all of its member companies, assuring them that the technical problem would have no impact on already matched transactions.Investors later confirmed that the incident had caused no financial damage, but expressed their regret … [Read more...] about Ho Chi Minh stock exchange suspends trading again over software glitch
Ho chi minh stock exchange
Ho Chi Minh stock exchange closes due to technical issues
The Ho Chi Minh stock exchange was closed on Tuesday due to technical difficulties, a statement posted to the website of the State Securities Commission (SSC) of Vietnam said, without indicating when the problem would be resolved. “The Ho Chi Minh City Stock Exchange has suspended trading on January 23, 2018 to fix the problem and will inform market members and investors of the reopening of the transaction in the earliest time,” the statement said. The exchange was working on fixing the issue, according to the statement. The trading system developed a technical issue at 2:31 p.m. (0731 GMT) on Monday which prevented it from retrieving a closing price for the index, local media reported. Without the closing point as reference for the next trading day, the State Securities Commission has allowed the exchange to halt Tuesday’s trading, local media said, citing a statement from the exchange. The Hanoi-based derivative market was functioning as normal, the SSC said. … [Read more...] about Ho Chi Minh stock exchange closes due to technical issues
Ho Chi Minh City stocks gain ground
The benchmark VN-Index on the Ho Chi Minh Stock Exchange added value by the end of Aug. 13's session after closing lower in the morning, with the afternoon's gains driven by blue chip rises. The VN-Index recouped 0.14 percent, closing the day at 426.17 points, with the value of trades totalling nearly 451 billion VND (21.5 million USD), down 37 percent from the previous session's level on Aug. 10. Blue chips gained ground although decliners doubled advancers overall. Shares tracked by the VN30 climbed 0.47 percent to nearly 509 points, led by dairy giant Vinamilk (VNM), Eximbank (EIB) and the Military Bank (EIB) with an average increase of 2 percent for each code. With over 2 million shares traded, Tay Bac Minerals Investment (KTB) is still the most active share, sinking 4.3 percent to 8,900 VND (0.42 USD) a share. Meanwhile, shares on the Hanoi Stock Exchange remained in the red by the end of the afternoon's session, with losers overwhelming gainers by 127-69. The HNX-Index … [Read more...] about Ho Chi Minh City stocks gain ground
Going ‘floorless’ in Ho Chi Minh City
The Ho Chi Minh Stock Exchange (HOSE) and securities firms are preparing for a floorless trading system to be launched this December for faster trade and more accurate transmission of orders. Under the floorless trading, the HOSE gateway will receive orders from brokerages and send trading information to them through a direct network. The floorless trading environment will allow orders which are placed online by investors to access HOSE's trading system automatically after going through securities companies' networks to undergo certain checks. … [Read more...] about Going ‘floorless’ in Ho Chi Minh City
Ho Chi Minh Stock Exchange extends MoU with Thai counterpart
The Ho Chi Minh Stock Exchange (HOSE) and the Stock Exchange of Thailand (SET) have agreed to extend the terms of their previous memorandum of understanding (MoU) for another three years and expand its collaboration. The new agreement identifies cooperation between the two stock exchanges in the areas of information technology (IT) development, trading system maintenance, dual listing of Thai-Viet Nam joint ventures and the development of capital market education in Viet Nam. SET President Patareeya Benjapolchai said that SET has placed a high priority on creating alliances and enhancing linkages, because increased collaboration and mutual development will strengthen ASEAN regional capital markets and economies. Meanwhile, HOSE President Tran Dac Sinh said SET’s IT assistance is important for the development of HOSE and will help Vietnamese companies wishing to list on foreign exchanges, including the Thai bourse. “SET is able to offer Viet Nam considerable experience … [Read more...] about Ho Chi Minh Stock Exchange extends MoU with Thai counterpart