The Vietnam Association of Financial Investors (VAFI) has proposed the Ministry of Finance change the leaders of the Hochiminh Stock Exchange (HOSE) and committed to seeking experienced foreigners to help address the trading system overload frequently facing the southern bourse.

Shares extended gains on Thursday morning thanks to the growth of banking and securities stocks.

The Ho Chi Minh Stock Exchange (HOSE) has just raised the minimum lot from 100 shares to 1,000 shares to reduce the number of trading orders by 20% to 25%, and lower the load for trading and resolving the current congestion of transactions.

The Ha Noi Stock Exchange (HNX) witnessed a dynamic month in February as foreign investors net bought a value of VND40 billion and the small/mid-cap index gained over 100 points.

Vietnamese stock markets ended Wednesday on a positive note, largely led by gains in financial shares and heavy-weight stocks.

Small investors will not be left out of the local stock market as Finance Minister Dinh Tien Dung rejected a plan of the Hochiminh Stock Exchange (HoSE) to raise the minimum volume of shares that can be traded in an order from 100 to 1,000 to address its trading system overload.

The finance ministry plans to adopt the current software system on the Hanoi Stock Exchange for the Ho Chi Minh City Stock Exchange to address the overload, saying the process would take up to four months to complete.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 0.38 per cent, to 1,166,36 points. Photo tinnhanhchungkhoan.vn

The Ho Chi Minh Stock Exchange (HoSE) wants to raise the minimum trading lot from 100 shares to 1,000 to ease its overload.

Local investors remain the driving force for the stock market to surpass the 1,200-mark in the coming time.