STC to extend trading hours to 14h30 early 2012

11-Aug-2011 Intellasia | HSX | 7:45 PM Print This Post

The HCM City Stock Exchange (STC) has recently unveiled the plan of trading hour extension to afternoon which is expected to take effect since February 2012.

The announcement forwarded to member securities companies, Vietnam Securities Depository (VSD) and appointed paying banks indicates later opening hours of morning sessions at 9:00 AM rather than 8:30 AM as presently.

The total trading time of two hours and a half in the morning for opening order-matching, continuous order-matching 1 and put-through transactions still remains unchanged.

The afternoon sessions will open at 13:00PM and close at 14:30 PM including continuous order-matching 2 (13:00PM-14:00PM), closing order-matching (14:00PM-14:15PM) and negotiated transactions (13:00PM-14:30PM).



The HCM City Stock Exchange (STC) has recently unveiled the plan of trading hour extension to afternoon which is expected to take effect since February 2012.

The announcement forwarded to member securities companies, Vietnam Securities Depository (VSD) and appointed paying banks indicates later opening hours of morning sessions at 9:00 AM rather than 8:30 AM as presently.

The total trading time of two hours and a half in the morning for opening order-matching, continuous order-matching 1 and put-through transactions still remains unchanged.

The afternoon sessions will open at 13:00PM and close at 14:30 PM including continuous order-matching 2 (13:00PM-14:00PM), closing order-matching (14:00PM-14:15PM) and negotiated transactions (13:00PM-14:30PM).

The trading hours have been adjusted with a view to be in line with the regional standard practices as are in China, India, Indonesia, Taiwan, Philippines, New Zealand, etc. With this in view, it is expected to make continuous order-matching in afternoon sessions longer in attempt to strengthen market liquidity.

Also, the plan suggests no newly-placed orders, amendment and cancellation of matched orders as well as put-through advertising and settlement during the midday trading break.
Additional regulations will also be imposed namely all-day trading price band, determination of reference price, order cancellation and amendment.

 


Category: Stocks

Print This Post

Comments are closed.