VAFI Proposes Widening Trading Band of Stock Prices
Vietnam Association for Financial Investors (VAFI) is collecting opinions from securities and fund management firms on raising daily trading band of stock prices on HOSE and HASTC, state media reported.
The trading band is suggested to be raised to 5 per cent-7 per cent from current 2 per cent on Hanoi Securities Trading Center and to 2 per cent-3 per cent from 1 per cent on Ho Chi Minh Stock Exchange.
Securities companies are also recommended to lower their transaction fees by not less than 50 per cent.
Investors are concerned that the State Securities Commission's decision to narrow the trading band of stock prices is likely to make the market frozen. Traders are fed up with selling shares due to too thin profits on small band of 1 per cent and 2 per cent.
The VN-index closed up 4.14 points, or 0.8 per cent, to 520.99, with all share prices rising to the ceiling level for the fourth consecutive session. (
www.cafef.channelvn.net))
Vietnamese
