HO CHIH MINH CITY, Jan 5 (Agencies): Stock exchanges in Vietnam obtained the approval of the State Securities Commission to use circuit breakers whenever necessary, according to a government website statement citing a Ministry of Finance circular.
The State Securities Commission will be in charge of applying the circuit breakers or those measures combined with trading bands, depending on market conditions, the statement said.
The finance ministry circular takes effect from Feb. 15, it said.
The move also saw the VN-Index, the benchmark index of the Ho Chi Minh City Stock Exchange, advanced some 6.7 percent from last week's closure of 1,056.61 points to close Friday at 1,126.91 points.
The index posted one down and four consecutive ups this week.
Shares turned negative during the first trading session on Monday as a series of large-cap stocks suffered from strong selling pressure stemming from anxiety over the Covid-19 pandemic.
The benchmark VN-Index lost 2 per cent to end the session at 1,035.51 points. Liquidity declined, market amplitude widened and market breadth was negative, indicating a strong net selling trend, according to local analysts.
VN-Index closed at 1,126.91 points on Friday, up 14.72 points, or 1.32 per cent against the previous trading day, with some 529.9 million shares worth 12.4 trillion Vietnamese dong (US$539.9 million) changed hands on the southern bourse.
Meanwhile, Vietnam recorded nine new locally transmitted Covid-19 cases on Thursday, according to its Ministry of Health.
The new infections brought the total number of confirmed cases in the country to 1,957 with 35 deaths.
Among the new cases, four were reported in the central highlands Gia Lai province, two in northern Vietnam's Quang Ninh province and one each in the Vietnamese capital Hanoi, the northern Hai Duong province and the southern Binh Duong province, said the ministry. All of them were related to the recent outbreak in Hai Duong province, the country's largest Covid-19 hotspot at the moment.
As many as 1,465 patients have been given the all-clear, the ministry said, adding that nearly 65,500 people are being quarantined and monitored.
In a new directive, chairman of the Hanoi People's Committee Chu Ngoc Anh requested a halt to festive activities and mass gathering events in public space in the city amid a Covid-19 resurgence.
Anh stressed the need for people to minimize movement especially during the Lunar New Year holidays and implement anti-coronavirus measures in public passenger transportation.
On Jan. 28, Vietnam reported the first two cases of Covid-19 infection in the community after a streak of nearly two months free of local transmissions. - Agencies
The State Securities Commission will be in charge of applying the circuit breakers or those measures combined with trading bands, depending on market conditions, the statement said.
The finance ministry circular takes effect from Feb. 15, it said.
The move also saw the VN-Index, the benchmark index of the Ho Chi Minh City Stock Exchange, advanced some 6.7 percent from last week's closure of 1,056.61 points to close Friday at 1,126.91 points.
The index posted one down and four consecutive ups this week.
Shares turned negative during the first trading session on Monday as a series of large-cap stocks suffered from strong selling pressure stemming from anxiety over the Covid-19 pandemic.
The benchmark VN-Index lost 2 per cent to end the session at 1,035.51 points. Liquidity declined, market amplitude widened and market breadth was negative, indicating a strong net selling trend, according to local analysts.
VN-Index closed at 1,126.91 points on Friday, up 14.72 points, or 1.32 per cent against the previous trading day, with some 529.9 million shares worth 12.4 trillion Vietnamese dong (US$539.9 million) changed hands on the southern bourse.
Meanwhile, Vietnam recorded nine new locally transmitted Covid-19 cases on Thursday, according to its Ministry of Health.
The new infections brought the total number of confirmed cases in the country to 1,957 with 35 deaths.
Among the new cases, four were reported in the central highlands Gia Lai province, two in northern Vietnam's Quang Ninh province and one each in the Vietnamese capital Hanoi, the northern Hai Duong province and the southern Binh Duong province, said the ministry. All of them were related to the recent outbreak in Hai Duong province, the country's largest Covid-19 hotspot at the moment.
As many as 1,465 patients have been given the all-clear, the ministry said, adding that nearly 65,500 people are being quarantined and monitored.
In a new directive, chairman of the Hanoi People's Committee Chu Ngoc Anh requested a halt to festive activities and mass gathering events in public space in the city amid a Covid-19 resurgence.
Anh stressed the need for people to minimize movement especially during the Lunar New Year holidays and implement anti-coronavirus measures in public passenger transportation.
On Jan. 28, Vietnam reported the first two cases of Covid-19 infection in the community after a streak of nearly two months free of local transmissions. - Agencies
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