He said such a move aimed to help mitigate the overload of the transaction system at HoSE while awaiting the completion of a new technology system for the whole market, he said. Since the end of 2020, Vietnam’s stock market has witnessed a booming trading period with multi-session liquidity of more than 15 trillion VND (653.2 million USD). The wave of new investors entering the stock market has helped set new liquidity records, which is a positive signal for the market, he said. As interest rates are still at low levels and people’s understanding of the financial market is improving, this can be considered a very favorable period for attracting investors and developing Vietnam’s stock market. However, skyrocketing liquidity has far exceeded market forecasts, leading to frequent congestion in many sessions, causing a lot of trouble for investors and affecting the quality of the market. "The sudden increase in liquidity recently is unpredictable, causing undesired interruptions in trading," said Le Hai Tra, Chairman of the Board of Members of HoSE. "To tackle this issue, the State Securities Commission said it was speeding up the implementation of a new information technology system for the entire stock market, known as KRX. "However,… Read full this story
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Switching to HNX can help reduce overload on HoSE: VNDirect CEO have 323 words, post on en.qdnd.vn at April 3, 2021. This is cached page on Konitono News. If you want remove this page, please contact us.