HOSE to test afternoon trading session from March 5

Ho Chi Minh Stock Exchange (HOSE) on Tuesday announced a trial extension of the trading session to the afternoon for three months and cancellation of T+1 trade settlement for put-through transactions with more than 100,000 shares and fund certificates, both starting March 5.

Accordingly, the city bourse will start at 9 am instead of the current 8.30 am, and the afternoon trading session will begin at 1 pm and end by 2.15 pm.

The ATO session will last for 15 minutes from 9 am to 9.15 am while 15 minutes of the ATC session will be from 1.45 pm to 2 pm.

Continuous order marching session will take place from 9.15 am to 11.30 am and then reopen from 1 pm to 1.45 pm.

Put-through deals will be allowed to occur from 9 am to 11.30 am and from 1 pm to 2.15 pm.

Orders that are not matched or not canceled in the morning will be transferred to the afternoon phase for continuous trading while the trading band will be applied during the session. HOSE will keep reference price calculation, order revision and cancellation unchanged.

Meanwhile, during break time between the morning and afternoon sessions, securities firms are not allowed to place new orders, revise or cancel matching orders. The brokers will also not place or cancel advertisements of put-through transactions as well as carry out or cancel put-through deals.

By Tien Tung – Translated by Thuy Doan

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