HOSE continues trading halts on January 24
The Ho Chi Minh Stock Exchange (HOSE), one of Vietnam’s two main bourses, continues halting stock trading services on January 24 to test-run the market after technical breakdown occurred two days ago.
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| HOSE continues trading halts on January 24. Illustrative image. (Photo: HOSE) |
According to an announcement on January 23 evening, the HOSE said it had examined and fixed the technical errors on January 22 which forced the bourse to stop trading.
With the approval of the State Securities Commission (SSC), the HOSE will maintain the trading suspension today to test the trading system with all member securities firms prior to the official resume of the market. It is an attempt to ensure the security and accuracy of the system, it said.
The HOSE had to suspend trading on January 23, following a breakdown reported at 14:31pm a day earlier. According to SSC Chairman Tran Van Dung, the country’s stock market faced a similar incident during three consecutive days in May, 2008.
In foreign markets, the New York and Tokyo bourses also faced technical faults and suspended operations in 2005. The Nasdaq stock exchanges faced the problem in 2013 while the Indonesian and Indonesian bourses had errors in 2017.
