HCMC exchange denies rumors that leader resigned

By Minh Son   September 23, 2023 | 08:57 am PT
HCMC exchange denies rumors that leader resigned
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
The Ho Chi Minh Stock Exchange (HoSE) denied rumors that one of its leaders resigned as the stock market plummeted Friday morning.

HoSE, Vietnam’s biggest stock exchange, affirmed Friday that rumors about its senior leaders were incorrect.

A statement from HoSE said the exchange is operating normally with a focus on testing a new trading system adopted from the Korean Exchange.

It advised investors to select their sources of information carefully and check for official announcements on the exchange’s website.

Nguyen Thi Viet Ha is now the acting chairwoman of HoSE. The exchange’s board is comprised of three members who are all deputy directors.

Stockbrokers said that the rumors caused the VN-Index to plunge by nearly 40 points Friday morning before recovering in the afternoon.

Vietnam’s benchmark closed the day nearly 20 points lower than it began, hitting its lowest level in four weeks.

 
 
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