Finance Ministry asked to lower trading fee

Friday, May 16, 2008
The State Securities Commission (SSC) has called for the Finance Ministry to reduce the trading fee for securities firms from .05 percent to .02%, according to the head of the commission’s market development department.

The move will help securities firms overcome difficulties resulting from the strong decrease of stock indexes and the market’s liquidity, the department head Nguyen Son said.

SSC also planned to make a request for reducing trading fees for investors, he added.

A gloomy atmosphere still dominated the Vietnam stock market as the VN-Index at the Ho Chi Minh City Stock Exchange closed the May 16 trading session at 460.04 points, a decline of 6.63 points, or 1.42% over the previous session.

Only 14 shares rallied for gain, while 11 remained unchanged and 129 suffered losses.

Meanwhile, the HaSTC-Index at the Hanoi Securities Trading Centre fell 2.35 points, or 1.65%, to finish at 139.74 points. (VNA)