KRX expected to operate from May 5, HoSE changes effective date of index series

The Ho Chi Minh City Stock Exchange (HoSE) has just announced that, according to the proposed plan, the information technology system (KRX) for the Vietnamese stock market is expected to officially operate on May 5, coinciding with the effective date of the April index.

Therefore, to ensure the safe and smooth conversion and operation of the system, HoSE decided to change the effective date of the VNX-Index, VNDIAMOND, VNFINSELECT indexes for the April period from May 5 to April 28.

In addition, HoSE also changed the effective date of updating the free-float ratio, circulating volume and capitalization ratio limit of the HOSE-Index, VNSI index, and VNFINLEAD index for the April period from May 5 to April 28.

The information technology system (KRX) for the Vietnamese stock market is expected to officially operate on May 5. (Illustration photo).

KRX is currently in a testing period, from March 17 to April 11. Regarding the testing content, the securities company is testing securities transactions as on a normal trading day. HoSE also noted that the securities company is not allowed to test unusual situations that are not suitable for reality.

In order to help investors understand the expected changes in securities trading regulations when applying the new information technology system to the Vietnamese stock market, HoSE has also announced expected changes in trading regulations compared to the present.

KRX is an information technology system designed by the Korea Exchange (KRX). This system provides many new utilities, most notably supporting investors to trade odd lots on a separate board and buy and sell stocks within the day (T+0). This can attract more investors to participate in the market, thereby increasing liquidity. KRX is also believed by many securities companies, analysis units and investment funds to support upgrading the Vietnamese stock market.

Initially, HoSE planned to complete this system in 2021 but then it was delayed and has not been able to officially operate yet.

At the end of today's trading session, April 2, the VN-Index increased by 0.5 points to 1,317.8 points, the HNX increased by 1.72 points to 238.1 points; Upcom increased by 0.17 points to 98.6 points. There were 245 stocks increasing, compared to 200 stocks decreasing on HoSE. Market liquidity reached VND 19,300 billion on HoSE.

Foreign investors continued to net sell more than 710 billion VND in today's session.

VN-Index opened in green and maintained its upward momentum throughout today's session (April 2), at one point surpassing 1,320 points. However, by the end of the afternoon session, increased selling pressure caused VN-Index to narrow its upward momentum.

In today's trading session, mineral stocks made a strong impression when a series of codes hit the ceiling, after the Department of Geology and Minerals - Ministry of Agriculture and Environment announced that it had discovered and evaluated 110 mineral mines, including 40 gold mines in the Northwest with reserves of nearly 30 tons.

PHAM DUY

Source: https://vtcnews.vn/krx-du-kien-van-hanh-tu-5-5-hose-thay-doi-ngay-hieu-luc-cua-loat-chi-so-ar935330.html