Connection is unstable in the afternoon session of March 6, HoSE is coordinating with FPT IS to determine the cause

Ho Chi Minh City Stock Exchange said the trading system in the session on March 6 operated normally with the number of matched orders higher than the average of the last 10 sessions.

The Ho Chi Minh City Stock Exchange (HoSE) has just informed about the connection from the securities company's system to the trading system of this unit. Specifically, the representative of the Ho Chi Minh City Stock Exchange said that the connection from the system of some securities companies to the system of the Ho Chi Minh City Stock Exchange was unstable at the beginning of the afternoon trading session on March 6, 2024. After the ATC trading session, the connection was stable.

“The trading system in the trading session on March 6, 2024 operated normally. According to statistics from the Ho Chi Minh City Stock Exchange, the total number of orders in the entire market in the trading session on March 6, 2024 was 1,177,809 orders (average of the 10 previous trading sessions: 1,142,638 orders),” a representative of the HoSE floor informed.

Ho Chi Minh City Stock Exchange said it is coordinating with the system operation support service provider (FPT Information System Company Limited) to check and determine the cause.

Previously, investors from many securities companies reported that trading orders on the HoSE were delayed in the afternoon session on March 6. Some securities companies have sent notices to investors about the delay in trading orders on the HoSE. VPS said that from 1:30 p.m. on the afternoon session on March 6, 2024, trading orders on the HOSE were delayed, which may affect investors' order placement and cancellation. According to Techcombank Securities (TCBS), order placement, cancellation, and order modification transactions on the HOSE are temporarily suspended. The inability to place, cancel, or modify orders in the afternoon session on March 6 has also been reported by many investors.

In the trading session on March 6, a number of large-cap stocks increased and pulled the indices above the reference level. However, similar to the previous "pillar" pulls, selling pressure increased sharply in mid- and small-cap stocks. The selling pressure increased at the end of the morning session, pulling most stock groups below the reference level. The unstable connection problem between the Ho Chi Minh City Stock Exchange (HoSE) and securities companies affected market transactions. Selling pressure at times rose very high and pulled a series of stock groups down deeply, especially stocks in the mid- and small-cap group. However, strong buying pressure helped narrow the decline of the indices.

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