HSX has resolved some of its technical issues to return to its previous board lot size. Photo: tinnhanhchungkhoan.vn

Earlier this week, Deputy Minister Nguyen Duc Chi said that the Ministry of Finance has directed the implementation of solutions so that as early as August, investors can trade with a lot size of 10 stocks, the way they did before on the HSX.

However, Tran Van Dung, chairman of the State Securities Commission, warned of the prolonged health crisis in Ho Chi Minh City which would slow down any technical upgrade or changes.

From August 9, HSX has suspended all on-site activities and switched to online operations after discovering COVID-19 infections.

Besides, according to Circular No.51/2021/TT-BTC on foreign investment activities on the Vietnamese securities market, foreign investors, and groups of affiliated foreign investors shall submit reports on their ownership and disclose information about their securities transactions in accordance with regulations on information disclosure on the securities market.

SSC considers raising fluctuation limit if needed: MoF

The Ministry of Finance (MoF) said that the State Securities Commission of Việt Nam (SSC) will consider adjusting the fluctuation limit when necessary. 

In a report assessing Việt Nam's stock market for the 2021-2023 period, the Việt Nam Financial Consulting Association (VFCA) proposed to raise the fluctuation limit of the Hồ Chí Minh Stock Exchange (HoSE) to 10 per cent, from 7 per cent, this year to meet the new development of the stock market.

Regarding the above proposal of the VFCA, the SSC said that adjusting the fluctuation limit is one of the measures to stimulate the market to increase the size and liquidity, which aims at balancing the supply and demand of securities and increasing attractiveness for investors. 

According to Circular No. 120/2020/TT-BTC on trading listed stocks, trading registration and fund certificates, corporate bonds, covered warrant listed on the securities trading system, Việt Nam’s stock exchanges will decide the fluctuation limit/market circuit breaker after being approved by the SSC.

Based on the actual conditions of the market, the SSC decides to apply the market circuit breaker or the market circuit breaker in combination with the fluctuation limit. 

Since 2000, HOSE has made nine changes in the fluctuation limit, including seven upward adjustments and two downward adjustments, said MoF. 

Source: VIR/VNS