HOSE (HSX), abbreviated for Ho Chi Minh Stock Exchange, was established in July 2000 and is licensed by the State Securities Commission. Trading on HOSE is entirely legal, ensuring investor rights in case of disputes or issues during transactions.
Trading on HOSE occurs from Monday to Friday:
- Session 1: 9:00 - 9:15 AM - Opening price auction (ATO)
- Session 2: 9:15 - 11:30 AM - Continuous matching session 1
- Lunch break: 11:30 AM - 1:00 PM
- Session 3: 1:00 - 2:30 PM - Continuous matching session 2
- Session 4: 2:30 - 2:45 PM - Closing price auction (ATC)
Block trading: 9:00 AM - 11:30 AM, 1:00 PM - 3:00 PM (Stocks + bonds) HOSE (or HSX) holds the largest market capitalization in Vietnam (90%), hosting many listed Bluechip companies. Listing requirements on HOSE are stricter than HNX.
As of August 2021, the average trading value on HOSE reached 23,173 billion VND, accounting for 62% of the overall market. By the end of August 2021, HOSE had 469 securities, including 385 stocks, 2 closed-end fund certificates, 7 ETF certificates, 53 covered warrants, and 22 bonds. Notably, 37 companies had a market capitalization exceeding 1 billion USD.
Contact Information:
Headquarters: 16 Vo Van Kiet, District 1, Ho Chi Minh City.
Phone: (028) 3821 7713 or 3821 7712
Fax: (84.28) 3821 7452
Email: [email protected]
Website: http://hsx.vn/
Call NowUpCom Stock Exchange is the trading platform for public companies not yet listed. UpCom operates at the Hanoi Stock Exchange (HNX). UpCom is a supervised stock exchange, contributing to reducing risks and protecting investor rights. Through UpCom, investors can access information about companies through the disclosure system of the Hanoi Stock Exchange. Trading shares through the HNX trading system is also easier and safer for both buyers and sellers.
Currently, there are 2 main criteria for registering on the UpCom stock exchange:
- The company must be a public company and must not be listed on HOSE and HNX.
- Securities must be registered for deposit at the Vietnam Securities Depository.
Listing shares on the UpCom stock exchange will be advantageous for companies looking to list on the HNX or HOSE in the future, enhancing accessibility for investors.
Some limitations when trading on this platform:
- UpCom has lower transparency standards compared to HNX and HOSE.
- Large price fluctuations of ±15% (HOSE: ±7%; HNX: ±10%), making it more suitable for speculation.
- Low liquidity.
- Due to higher risk, there are limitations; however, the higher risk often results in lower stock prices, attracting many enterprises.
Contact Information:
Main Headquarters: 2 Phan Chu Trinh, Tràng Tiền, Hoàn Kiếm, Hanoi
Phone: (024) 39412626 - (024) 39360750
The Hanoi Stock Exchange (HNX), formerly known as the Hanoi Securities Trading Center, was established by Decision No. 127/1998/QD-TTg on July 11, 1998, and officially started operating in 2005. It conducts activities such as organizing listed stock trading markets, auctioning shares, and bidding for bonds. On January 2, 2009, the Prime Minister issued Decision No. 01/2009/QD-TTg, transforming the Hanoi Securities Trading Center into the Hanoi Stock Exchange.
Specific functions of HNX:
- Capital mobilization and contribution: Facilitating effective capital mobilization for production and business by trading shares and corporate stocks.
- Investment opportunities: Investors can invest in HNX-listed stocks to generate passive income instead of traditional savings in banks or investments in gold and real estate.
- Equity redistribution: Publicly listed companies on HNX allow everyone the opportunity to become shareholders, promoting profit and dividend distribution, reducing income inequality.
- HNX as an economic indicator: Stocks listed on HNX are used to gauge the economy, measuring stability through stock price fluctuations.
- Funding for projects: Insufficiently funded projects can raise funds by issuing stocks (debt contracts), utilizing the capital for investment and project development, increasing stock prices and generating profits for investors.
Operating hours are Monday to Friday: Morning - 9:45 AM to 12:30 PM, Afternoon - 2:00 PM to 5:00 PM. Trading methods include continuous matching and agreement.
Contact Information:
Main Headquarters: 2 Phan Chu Trinh, Tràng Tiền, Hoàn Kiếm, Hanoi
Phone: (024) 39412626 - (024) 39360750
Email: [email protected]
Website: https://www.hnx.vn/
Fanpage: https://www.facebook.com/HanoiStockExchange2005/
Buzz
