Trading value surged to highest in over a month as investors sell, sending the benchmark VN-Index plunging 1.55 percent to 1,168.52 points Wednesday.
Increasing the minimum trading lot on the main bourse to reduce system overload would make the stock market an exclusive playground for the rich, experts warn.
Amid system overloads, the Ho Chi Minh Stock Exchange (HoSE) is set to list 1.2 billion new shares from three companies this month.
Shares fell on Thursday morning as selling pressure weighed on the market. However, fertiliser stocks still recorded outstanding performance.
The State Securities Commission (SSC) has instructed the transfer of transactions of listed shares from the Ho Chi Minh City Stock Exchange to the Ha Noi Stock Exchange to alleviate system overloads which have troubled traders in recent times.
Vietnam’s main bourse, the Ho Chi Minh Stock Exchange, wants to increase the minimum trading lot from 100 shares to 1,000 to ease its overload.
Ending the last session of February, a series of bank stocks rose sharply, supported by the general market.
If the Hochiminh Stock Exchange (HoSE) proceeds with its plan to raise the minimum volume of shares that can be traded in an order from 100 to 1,000 to address its trading system overload, it could leave huge negative impacts on small investors and prompt many of them to leave the bourse, according to experts and investors in the field.
Viet Nam's stock market ended higher on Wednesday as the VN-Index bounced back in the afternoon session.