HOSE informs temporary trading suspension on May 28

Wednesday, May 28, 2008
In the afternoon of May 27, Ho Chi Minh City Stock Exchange sent an urgent announcement to securities member companies, informing that trading activities will continue to be halted on May 28 session.

The southern bourse announced on its website that its decision to temporary suspend trading activities on May 28 has been approved by the chairman of the State Securities Commission.

The temporary trading suspension is needed as HOSE technicians need time to discover the cause of the technical incident that affected the trading system at 8.53 am May 27th, 2008 and solve the problem.

All transactions on May 27 session on HOSE were cancelled due to an traordinary technical incident which affected the trading system at 8.53 am, May 27th, 2008.

This is the third time the HOSE trading system has experienced technical difficulties. The other two incidents occurred in February 2, 2007 and December 8, 2006.