The State Securities Commission ordered the nation's stock exchanges on June 21 to provide more detailed information related to unusual transactions, in a move targeted at avoiding market manipulation.
In the wake of the recent price volatility of several shares, the commission ordered the HCM City and Ha Noi Securities Trading Centres and the Securities Depository Centre to provide greater transaction data to the commission.
The commission noted that shares of the Binh Dinh Mining Co (coded BMC) had surged recently and unusual trading activity was under investigation. BMC shares remained unchanged on June 22 at 569,000 VND.
The commission also ordered the securities trading centres to provide investors with timely information on ceiling increases or floor decreases over the five consecutive sessions to avoid market manipulation.
Public disclosure would be required to include preliminary data analysis to help investors identify unusual transactions and avoid high-risk shares.
Source: VNA
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