New trading regulation on HoSE
New trading regulation on HoSE
The HCM Stock Exchange (HoSE) on Monday issued the decisions 341/QĐ-SGDHCM and 342/SGDHCM to change the regulations for stock trading on the southern exchange. The decisions will take effect on September 12.
There are some items in the new regulations that investors may need to focus on:
1. Investors now can place an order of up to 500,000 shares/treasury shares instead of the existing number of 19,990 shares/treasury shares.
2. Stocks, closed treasury stocks and ETF stocks that are allowed to come back into trading after being suspended more than 25 days instead of the existing 45 days. Those stocks will be traded with a limit of 20 per cent on the either side of the stock prices.
3. Stocks that are strictly controlled by the stock exchange will be traded only in the afternoon session until HoSE issues further announcements. Current regulations say strictly-controlled stocks will be suspended for at least two days until the firms clarify the problems and HoSE allows stocks to be traded again.
4. New regulations forbid investors from canceling their orders during the first and the last 15 minutes of trading sessions, which address the stock's opening and closing prices.
