HOSE Confirms Afternoon Trading Session From Feb 20, 2012: Market Insider

Accordingly,  the market will start trading from 9:00 instead of 8:30 now, and will have an afternoon session from 13:00 to 14:30, with some changes in trading time as follows:

1.       The ATO session will last for 15 minutes from 9:00 to 9:15 while 15 minutes ATC session will be from 14:00 to 14:15.

2.       Continuous order marching session will take place from 9:15 to 11:30 and then reopen from 13:00 to 14:00.

3.       Put-through deals are allowed to occur from 9:00 -11:30 and from 14:15-14:30.

The move aims to increase trading turnover. HSC commented in the report that “based on our experience of other markets the benefits of longer trading hours are similar to longer opening hours for retail shops; a slight increase in turnover to begin with and increasing activity over time. However the build-up is slow and therefore the difference should be measured in months rather than weeks.”

Market regulator has allowed intra-day trading from August 1, 2011, and the HOSE’s proposal would make intra-day trading more worthwhile practice.