MANILA, Oct 3 (Reuters) - Trades at the Philippine Stock Exchange will be extended by an hour beginning Monday, part of a two-phase programme by the bourse as it prepares to link up with other Southeast Asian markets.
Trading will now run up to 1:00 p.m. [0500 GMT] in the local bourse, which has one of the shortest trading sessions in Asia. Previously, the stock market was open only for 2-1/2 hours, from 9:30 a.m. up to 12 noon [0130 to 0400 GMT], excluding a 10-minute run off period.
Trading hours will be stretched further from January 2, 2012 with trading to run up to 3:30 p.m. [0730 GMT], including a break from 12pm to 1:30 p.m. [0530 GMT].
Philippine stocks have fallen about 5 percent this year, mirroring falls in other regional equities markets, as concerns over the European debt crisis and a faltering U.S. economy prompt investors to trim risky investments in emerging markets.
Cross-border trading among Southeast Asian markets is set to be launched in March 2012. The Thai bourse , Singapore Exchange , Bursa Malaysia and the PSE are currently working to set up a regional trading network.
The 10-member Association of Southeast Asian Nations plans to transform itself into a unified trading bloc with free flow of capital by 2015.
The region also includes Indonesia, Cambodia, Brunei Darussalam, Laos, Myanmar and Vietnam. (Reporting by Erik dela Cruz; Editing by Rosemarie Francisco)
Source: Yahoo
Sunday, October 2, 2011
Thursday, August 11, 2011
Vietnam Stock Exchange to extend trading hours to 2:30pm in February 2012
The HCM City Stock Exchange (STC) or has recently unveiled the plan of trading hour extension to afternoon which is expected to take effect from February 2012.
The announcement forwarded to member securities companies, Vietnam Securities Depository (VSD) and appointed paying banks indicates later opening hours of morning sessions at 9:00 AM rather than 8:30 AM as presently.
The total trading time of two hours and a half in the morning for opening order-matching, continuous order-matching 1 and put-through transactions still remains unchanged.
The morning sessions will open at 9:00AM (GMT+7) to 11:30AM (GMT+7) and close for lunch break from 11:30AM (GMT +7) to 1:00PM (GMT+7).
The afternoon sessions will open at 1:00PM (GMT+7) and close at 2:30 PM (GMT+7) including continuous order-matching 2 (1:00PM to 2:00PM), closing order-matching (2:00PM to 2:15PM) and negotiated transactions (1:00PM to 2:30PM).
The HCM City Stock Exchange (STC) has recently unveiled the plan of trading hour extension to afternoon which is expected to take effect since February 2012.
The announcement forwarded to member securities companies, Vietnam Securities Depository (VSD) and appointed paying banks indicates later opening hours of morning sessions at 9:00 AM rather than 8:30 AM as presently.
The total trading time of two hours and a half in the morning for opening order-matching, continuous order-matching 1 and put-through transactions still remains unchanged.
The afternoon sessions will open at 1:00PM and close at 2:30 PM including continuous order-matching 2 (1:00PM to 2:00PM), closing order-matching (2:00PM to 2:15PM) and negotiated transactions (1:00PM to 2:30PM).
The trading hours have been adjusted with a view to be in line with the regional standard practices as are in China, India, Indonesia, Taiwan, Philippines, New Zealand, etc. With this in view, it is expected to make continuous order-matching in afternoon sessions longer in attempt to strengthen market liquidity.
Also, the plan suggests no newly-placed orders, amendment and cancellation of matched orders as well as put-through advertising and settlement during the midday trading break.
Additional regulations will also be imposed namely all-day trading price band, determination of reference price, order cancellation and amendment.
Source: Intellasia
The announcement forwarded to member securities companies, Vietnam Securities Depository (VSD) and appointed paying banks indicates later opening hours of morning sessions at 9:00 AM rather than 8:30 AM as presently.
The total trading time of two hours and a half in the morning for opening order-matching, continuous order-matching 1 and put-through transactions still remains unchanged.
The morning sessions will open at 9:00AM (GMT+7) to 11:30AM (GMT+7) and close for lunch break from 11:30AM (GMT +7) to 1:00PM (GMT+7).
The afternoon sessions will open at 1:00PM (GMT+7) and close at 2:30 PM (GMT+7) including continuous order-matching 2 (1:00PM to 2:00PM), closing order-matching (2:00PM to 2:15PM) and negotiated transactions (1:00PM to 2:30PM).
The HCM City Stock Exchange (STC) has recently unveiled the plan of trading hour extension to afternoon which is expected to take effect since February 2012.
The announcement forwarded to member securities companies, Vietnam Securities Depository (VSD) and appointed paying banks indicates later opening hours of morning sessions at 9:00 AM rather than 8:30 AM as presently.
The total trading time of two hours and a half in the morning for opening order-matching, continuous order-matching 1 and put-through transactions still remains unchanged.
The afternoon sessions will open at 1:00PM and close at 2:30 PM including continuous order-matching 2 (1:00PM to 2:00PM), closing order-matching (2:00PM to 2:15PM) and negotiated transactions (1:00PM to 2:30PM).
The trading hours have been adjusted with a view to be in line with the regional standard practices as are in China, India, Indonesia, Taiwan, Philippines, New Zealand, etc. With this in view, it is expected to make continuous order-matching in afternoon sessions longer in attempt to strengthen market liquidity.
Also, the plan suggests no newly-placed orders, amendment and cancellation of matched orders as well as put-through advertising and settlement during the midday trading break.
Additional regulations will also be imposed namely all-day trading price band, determination of reference price, order cancellation and amendment.
By the way from Feb. 6, 2012, the VN30 Index, which make up 80% of HOSE's market cap and 60% of HOSE's turnover will be officially launched by Ho Chi Minh City Stock Exchange (HOSE), along with the VN Index. This Index is a free-float adjusted, market cap-weighted index of 30 stocks that have the highest market cap and liquidity on HOSE.
VN-30 index will be included real estate developer like Becamex Infrastructure Development, Hoang Anh Gia Lai, Kinh Bac City Development, Ocean Group, PetroVietnam Finance and Tan Tao Investment Industry.
VN-30 index will be included real estate developer like Becamex Infrastructure Development, Hoang Anh Gia Lai, Kinh Bac City Development, Ocean Group, PetroVietnam Finance and Tan Tao Investment Industry.
Source: Intellasia
Monday, August 1, 2011
Singapore Exchange (SGX) commence all-day stock trading from Aug 1, 2011
The Singapore Exchange (SGX), Asia’s second-largest listed bourse operator, cancelled its midday lunch break from Monday (Aug 1, 2011) and started all-day trading w.e.f. today.
With this change, SGX's securities market will trade non- stop between 9am and 5pm (GMT+8), without taking a lunch break from 12.30pm to 2pm (GMT+8) and this will allow investors to respond faster to regional market movements and news.
SGX had originally planned to scrap the lunch break from March but delayed the move because of opposition from some traders.
Continuous all-day trading will enhance Singapore's competitiveness as an international financial centre.
The implementation will allow investors, especially those who trade pan-Asian securities, to respond to regional market movements and news flow.
Meanwhile, the SGX derivatives market has already trading continuously.
The continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments.
Singapore Exchange (SGX) member firms will offer retail investors various ways to execute orders.
These include online trading services, the use of central dealing desks, and the use of mobile technology by trading representatives to execute orders when they are off-premises.
Between 12:30pm and 2pm, formally the lunch break hours have made a turnover about S$110 million, accounting for 6.4 per cent of the day's trading.
At the end of first day of non-stop trading, Singapore (SGX) chalked up a turnover of 1.6 billion, nearly 1.5 times the daily average of 979 million shares traded in June.
While the extended hours are a boon for investors, analysts say it will take some time before the change is felt.
With this change, SGX's securities market will trade non- stop between 9am and 5pm (GMT+8), without taking a lunch break from 12.30pm to 2pm (GMT+8) and this will allow investors to respond faster to regional market movements and news.
SGX had originally planned to scrap the lunch break from March but delayed the move because of opposition from some traders.
Continuous all-day trading will enhance Singapore's competitiveness as an international financial centre.
The implementation will allow investors, especially those who trade pan-Asian securities, to respond to regional market movements and news flow.
Meanwhile, the SGX derivatives market has already trading continuously.
The continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments.
Singapore Exchange (SGX) member firms will offer retail investors various ways to execute orders.
These include online trading services, the use of central dealing desks, and the use of mobile technology by trading representatives to execute orders when they are off-premises.
Between 12:30pm and 2pm, formally the lunch break hours have made a turnover about S$110 million, accounting for 6.4 per cent of the day's trading.
At the end of first day of non-stop trading, Singapore (SGX) chalked up a turnover of 1.6 billion, nearly 1.5 times the daily average of 979 million shares traded in June.
While the extended hours are a boon for investors, analysts say it will take some time before the change is felt.
Wednesday, July 13, 2011
Philippine Stock Exchange (PSE) will extend trading hours by Oct.1, 2011
The Philippine Stock Exchange (PSE) will extend trading hours starting October 1 to try to boost trading volumes and match the hours of other Southeast Asian exchanges it will be linked with next year. This latest move by the Philippine Stock Exchange (PSE) will boost turnover in the undersized market.
Trading now lasts just two hours and 40 minutes and closes at midday which is the shortest trading hours in the Asian market.
The extension from Philippine Stock Exchange (PSE) will come in 2 phases. Coming October, trading will extend from the current 9:30 a.m. to 12pm schedule to 9:30 to 1 p.m.
And starting from January 1 next year, the trading floor will be open between 9:30am and 12pm, and then from 1:30 to 3:30pm. The extension of trading hours will help smaller brokers by keeping its floor open and it will also give brokers some time for settlement, clearing and dealing with their own clients.
Thursday's announcement was the second move this year by the exchange to generate higher trading volumes.
The stock exchange decided it needed to extend trading hours to allow volume to increase rather than wait for volume before extending.
This is not the first time the stock exchange has extended its hours. Back in 2002 it was reverted to the current schedule in less than a year after volumes failed to pick up much.
In April, it ordered the 30 large companies making up its composite index to raise the proportion of their freely traded shares from 10 percent to 12 percent by September.
It said those that failed to comply with the higher free-float requirement would be excluded from the composite index.
There are just 249 companies listed on the Philippine stock market, and total daily turnover averaged only five billion pesos (US$116.3 million) this year, according to the exchange's website.
Fewer than half a million Filipinos, or 0.5 percent of the population, owned and traded stocks last year, it said.
But those few investors have done well recently.
The composite index rose to an all-time high of 4,439.61 points on July 5, up 5.68 percent this year after a rise of 37.6 percent in 2010.
Trading now lasts just two hours and 40 minutes and closes at midday which is the shortest trading hours in the Asian market.
The extension from Philippine Stock Exchange (PSE) will come in 2 phases. Coming October, trading will extend from the current 9:30 a.m. to 12pm schedule to 9:30 to 1 p.m.
And starting from January 1 next year, the trading floor will be open between 9:30am and 12pm, and then from 1:30 to 3:30pm. The extension of trading hours will help smaller brokers by keeping its floor open and it will also give brokers some time for settlement, clearing and dealing with their own clients.
Thursday's announcement was the second move this year by the exchange to generate higher trading volumes.
The stock exchange decided it needed to extend trading hours to allow volume to increase rather than wait for volume before extending.
This is not the first time the stock exchange has extended its hours. Back in 2002 it was reverted to the current schedule in less than a year after volumes failed to pick up much.
In April, it ordered the 30 large companies making up its composite index to raise the proportion of their freely traded shares from 10 percent to 12 percent by September.
It said those that failed to comply with the higher free-float requirement would be excluded from the composite index.
There are just 249 companies listed on the Philippine stock market, and total daily turnover averaged only five billion pesos (US$116.3 million) this year, according to the exchange's website.
Fewer than half a million Filipinos, or 0.5 percent of the population, owned and traded stocks last year, it said.
But those few investors have done well recently.
The composite index rose to an all-time high of 4,439.61 points on July 5, up 5.68 percent this year after a rise of 37.6 percent in 2010.
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