Does the stock market trade on Saturdays?

According to the announcement from the Government Office, the State Securities Commission has sent an official dispatch to the stock exchanges and the Vietnam Securities Depository and Clearing Corporation to announce the exchange of holidays from April 30 to May 1 this year. Specifically, officials and employees of state administrative agencies will have 5 days off, from April 27 to May 1. In which, the working day Monday, April 29, will be swapped to Saturday, May 4. This makes many investors wonder whether the stock market will make up for transactions on Saturday, May 4 or not?

The stock market will not make up for the transaction on Saturday, May 4, even though the stock exchanges are open.

This afternoon (April 19), Ho Chi Minh City Stock Exchange (HOSE) announced that it will be closed for the April 30 - May 1 holiday from Monday, April 29 to Wednesday, May 1. HOSE will make up for the day on Saturday, May 4 but will not organize trading.

On the same day, the Vietnam Securities Depository and Clearing Corporation also announced the schedule for working and clearing securities transactions on the occasion of April 30 - May 1. Accordingly, VSDC will be closed from April 27 to May 1, and will make up for the day on Saturday, May 4. On the Saturday, VSDC will not clear or clear transactions of underlying securities and derivative securities, but will still make payments for interest, principal of debt instruments and principal of treasury bills. Thus, although the State Securities Commission, stock exchanges, and securities depository and clearing centers will operate on Saturday, May 4, the stock market will not be open for trading.

At the end of today's trading session, April 19, the stock market continued to decline sharply. At the end of the session, the VN-Index fell 18.16 points to 1,174.85 points, a decrease of 1.52%, and the HNX-Index fell 2.39% to 220.80 points. In total, the VN-Index fell more than 100 points in the previous 3 sessions, losing its efforts to increase points over the previous 2 months. Some securities companies said that stock markets in many places around the world also fell sharply on April 19 due to concerns about the conflict between Israel and Iran. The Vietnamese stock market is also affected by political conflicts in the Middle East, and investors are also concerned about recent fluctuations in exchange rates in a strong upward direction. Therefore, selling pressure is stronger than buying pressure...

Source: https://thanhnien.vn/thi-truong-chung-khoan-co-giao-dich-vao-thu-bay-sau-le-304-15-hay-khong-185240418111716818.htm