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.
HOSE continues trading halts on January 24. Illustrative image. (Photo: HOSE)
Hanoi (VNA) – The Ho ChiMinh Stock Exchange (HOSE), one of Vietnam’s two main bourses, continueshalting stock trading services on January 24 to test-run the market aftertechnical breakdown occurred two days ago.
According to an announcement onJanuary 23 evening, the HOSE said it had examined and fixed the technicalerrors on January 22 which forced the bourse to stop trading.
With the approval of the State SecuritiesCommission (SSC), the HOSE will maintain the trading suspension today to testthe trading system with all member securities firms prior to the officialresume of the market. It is an attempt to ensure the security and accuracy ofthe system, it said.
The HOSE had to suspend trading onJanuary 23, following a breakdown reported at 14:31pm a day earlier. Accordingto SSC Chairman Tran Van Dung, the country’s stock market faced a similarincident during three consecutive days in May, 2008.
In foreign markets, the New York andTokyo bourses also faced technical faults and suspended operations in 2005. TheNasdaq stock exchanges faced the problem in 2013 while the Indonesian andIndonesian bourses had errors in 2017.-VNA
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HOSE continues trading halts on January 24. Illustrative image. (Photo: HOSE) 
