HOSE cooperates with securities companies to test odd lot trading

According to the text of HOSE Sending to member securities companies, the trial period for odd lot trading in the whole market to securities companies will take place from May 9 to May 20, 2022.

In this document, HOSE also requires, after the end of the test, the securities company send a report on the results to HOSE before May 25, 2022.

HOSE leadership representative said, after the successful test results, HOSE will evaluate and report The financialthe State Securities Commission and the Vietnam Stock Exchange would like to apply for a policy to officially apply.

Due to an order blocking problem at the end of 2021, from January 4, 2021, HOSE has increased the minimum trading lot from 10 shares to 100 shares. According to the Ministry of Finance, raising the trading lot to 100 shares is a temporary solution to solve the problem, minimize order congestion and limit damage to investors, which is beneficial to the overall market.

However, many investors face inconvenience in transactions, unable to take profits from stocks despite large profits, unable to sell odd shares received from stock dividends and additional issuance. Therefore, many investors want the stock lot to be reduced to 10 again.

Previously, Deputy Minister of Finance Nguyen Duc Chi directed HOSE to bring the transaction to 10 at the earliest during the regular Government meeting in August 2021.

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