As the bourse entered its second day of suspension, its operator has rejected allegations that it was sabotaged or hacked.
The Ho Chi Minh Stock Exchange (HoSE) suspended all trading activities for the second consecutive day on Wednesday, citing a software glitch that prevented the exchange from completing its closing procedure on Monday afternoon.
All trading activities were suspended at the HoSE through Tuesday with the exchange operator announcing that the suspension would remain effective on Wednesday, without explaining when it would reopen.
At around 2:30 pm on Monday, the exchange’s electronic order matching system, which matches buy and sell trades, began to lose signal.
HoSE announced later the same day that a software glitch had occurred and that the stock exchange was unable to match closing prices for Monday’s session.
The exchange operator immediately notified all of its member companies, assuring them that the technical problem would have no impact on already matched transactions.
Investors later confirmed that the incident had caused no financial damage, but expressed their regret that it had happened while a number of stocks were soaring.
Le Hai Tra, a senior executive in charge of the HoSE, said experts had identified several possible causes of the glitch and were continuing to work on a solution.
Tra repeated that it was a technical problem only and ruled out any possibility of the system being overloaded or attacked from outside.
He did however, admit that it was unclear when the exchange, otherwise known as the bourse, could resume trading, expressing his hope that the error would be fixed in time for Thursday’s session.
Source: Son Luong