Since the Ho Chi Minh Stock Exchange (HoSE) raised its minimum trading lot from 10 to 100 earlier this year, Duy Duc in Hanoi has not been able to sell 90 shares that are now worth around VND7.4 million ($319). This is because his brokerage only wants to buy these shares when their prices fall, to ensure high profits, but this also means that the 29-year-old could see his investment turn into a loss without being able to do anything about it. “If the HoSE raises the minimum trading lot to 1,000, I might not be able to sell 500 shares of another ticker to the market and that could mean a huge loss,” he said, adding that the value of these shares are now VND42.5 million. Increasing the minimum trading lot is one of the latest proposals made by the HoSE to ease the system overload it has been facing for several months now because of the surging number of investors. Although the bourse's CEO Le Hai Tra has defended the proposal, saying that new investors could direct their funds toward exchange traded funds managed by professionals instead of buying big chips on their own to reduce risks, observers… Read full this story
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