To stabilise investor sentiment after the Lunar New Year holiday, the Ministry of Finance has directed the State Securities Commission to closely monitor the market and crack down on the use of negative information about the coronavirus epidemic to manipulate stock prices.
The State Securities Commission (SSC) has issued new regulations on which Unlisted Public Company Market (UPCoM) shares on the Premium list will be allowed for margin trading from April this year. This decision will replace existing regulations on securities margin transactions.
The classification of stocks on the Unlisted Public Company Market (UPCoM) will have a positive impact on the stock market, according to experts and analysts.
The circular limiting subprime loans for securities trading will make the local market healthier, said Do Bao Ngoc, a senior stock expert from MBS securities company.
The Finance Ministry officially published the content of the much anticipated Circular No 203/2015/TT-BTC on guiding securities transaction activities which for the first time allows intraday trading.
Margin lending reached more than 17 trillion VND (805.7 million USD)
in the first 10 months of 2014, an increase of about 13 percent over the
nine-month figure.
The State Securities Commission on Jan. 9 increased the daily trading
band for stocks on both the HCM City and Hanoi stock
exchanges, effective January 15.
The State Securities Commission issued its long-awaited margin trading
guidlines on August 30, regulations which will officially enable
brokerages to begin offering this service to investors.
Solid first-half earnings from more listed companies are once again
expected to attract the attention of investors in the coming week and
save the market from steeper losses.
Blue chips which last
week reported positive results, including software producer FPT,
Vietinbank (CTG), Phu My Fertilisers (DPM) and steelmaker Hoa Phat Group
(HPG), all saw gains on the HCM Stock Exchange last week, helping
cushion the decline of the VN-Index.
The HCM City Stock Exchange reversed
three days of declines on March 24, with the VN-Index gaining 1.1
percent on the day to end the session at 512.12 points.
Stock market capitalisation reached 620
trillion VND (33 billion USD) at the end of last year, equaling nearly
38 percent of GDP, announced State Securities Commission vice chairman
Nguyen Doan Hung at a conference in Hanoi on Jan. 22.