SME: Explanation for 05 consecutive floor-plunging sessions
On 09/11/2011, SME Securities Corporation (HNX: SME) explained the 05 consecutive floor-plunging sessions from 02/11/2011 to 09/11/2011 as follows:
- On 02/11/2011, the Vietnam Securities Depository issued a decision on temporarily suspending the depository activities of the Company including securities consignment, securities mortgage, securities transfer, except the securities transfer to close the account or settle the transactions
- On 03/11/2011, the HNX announced that SME stock would be put under alert from 04/11/2011
- Because of tHNX reason, the investors have been affected, the sell volume increased. The consecutive floor-plunging sessions were out of the Company’s control.
HNX
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