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SSC strengthens market monitoring
Supervision of the stock market is being tightened, Director of the State Securities Commission (SSC)'s Inspection Department Nguyen The Tho said to Dau Tu Chung Khoan (Securities Investment) newspaper.
In the first ten months of this year, the commission analysed 70 stocks with unusual transactions and examined some cases further.
In the HCM City Stock Exchange, three cases of securities market manipulation were handled this year, in comparison to only one or two cases in previous years, Tho said.
According to current regulations, stocks found with unusual transactions are reported to the State Securities Commission for analysis of cash flow and collusion between investors.
However, Tho said these tasks remained difficult because they required the co-operation of the banks and other relevant organisations.
According to Le Thi Tuyet Hang, director of the Transaction Supervision Department of the HCM City Stock Exchange, in some countries with developed stock markets, stock exchanges would warn investors about unusual transactions.
In Korea, stock exchanges publicly announced codes with unusual fluctuations, such as those continuously traded by one or two accounts or those frequently fluctuating sharply, Hang said.
vietnamnews
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