Longer morning stock market hours aim to promote liquidity

Stock market trading hours will be extended by 15 minutes in the morning from next month following the State Securities Commission approval.

The longer trading hours will help activate transactions and promote market liquidity, commission Market Development Department head Nguyen Son said.

The commission is working with stock exchanges and the securities depository centre to revise the capacity of technical and payment systems for the longer trading hours, Son said.

Previously, the commission planned to lengthen the trading hours to the whole afternoon which would have helped investors catch up with what was happening in the world market, he said.

"But the extra session needed more advancing technical and payment systems which take time to get working well."

In the attempt to promote investment activities in equity market, the commission submitted a draft on a trading method to the Ministry of Finance in which it allowed investors to open more than one account and sell or buy in the same session.

At present, an investor has only one account open in one securities firm and each investor is allowed to sell or buy shares in a single session.

vietnamnews

>   VN-Index rebounds strongly (15/05/2009)

>   HASTC Notice: Admission in principle of listing of Telecommunications JSC (15/05/2009)

>   PVS: Notice of record date for Dividend payment (15/05/2009)

>   SRB: Notice of transaction of Directors, PDMR (Mr. Hanh) (15/05/2009)

>   SRB: Notice of transaction of Directors, PDMR (Ms. Hien) (15/05/2009)

>   SRB: Result of transactions of Directors, PDMR (Mr. Oai) (15/05/2009)

>   TNG: Result of transaction of connected person (Ms. Nhung) (15/05/2009)

>   TPP: Notice of transaction of Directors, PDMR (Mr. Tien) (15/05/2009)

>   VCS: Result of transactions of Directors, PDMR (Mr. Dung) (15/05/2009)

>   VHL: Notice of record date for Dividend payment (15/05/2009)