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Vietnam’s main bourse, the Ho Chi Minh Stock Exchange, wants to increase the minimum trading lot from 100 shares to 1,000 to ease its overload.
Authorities have rejected a proposal to increase the minimum trading lot size on the main stock market, and instead asked FPT Corporation to temporarily resolve the chronic congestion.
The Ho Chi Minh Stock Exchange is set to raise the minimum number of shares that can be transacted in an order from 50 to 100.
Central Group, which owns retailer Big C Vietnam, has temporarily stopped sourcing garments from local suppliers to facilitate restructuring.
Retail chain Big C plans to rebrand all its outlets as Tops Market or GO! this year, laying the Big C name to rest after 22 years in Vietnam.
Small investors could lose hundreds of millions of dong (VND100 million = $4,300) if they are unable to sell their shares when the minimum trading lot is raised to 1,000.
Increasing the minimum trading lot on the main bourse to reduce system overload would make the stock market an exclusive playground for the rich, experts warn.
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