Frequently Asked Questions (FAQ)

PLO orders can only be placed on the HNX floor during the after-hours trading session, which is the period from 14:45 to 15:00. Any order or remaining part of the order that has not been matched will be automatically canceled after 15:00.

A PLO order, also known as an after-hours matching order, is an order to buy or sell securities at the closing price after the end of the periodic matching session. A PLO order is matched immediately upon entering the system if there is a pending corresponding order, the execution price is the closing price of the trading day. In case the closing price cannot be determined, the PLO order will not be entered into the system. The order is used only at HNX.

It is a trading method performed based on the matching of securities buy and sell orders at a specified time.

There are three main methods, including: 

– Periodic order matching. 

– Continuous order matching. 

– Put Through transactions.

The matching price is determined as the price that achieves the largest transaction volume. If there are many prices that satisfy the above principle, choose the price that is the same or close to the execution price of the most recent order matching. If there are still many prices that satisfy the above 2 points, the higher price will be selected.

The trading system matches buy orders and sell orders of securities according to the principle of price and time priority. Specifically as follows:

(1) Price priority: Buy orders with higher prices/Sell orders with lower prices will be prioritized for execution first.

(2) Time priority: Orders with the same price, the order entered into the trading system first will be prioritized for execution first.

The execution price is the price of the corresponding order waiting on the order book.

Including:

– Right to receive cash dividends.

– Right to receive stock dividends, bonus stocks.

– Right to buy additional issued shares.

– Right to vote.

– Right to receive interest and principal of bonds, treasury bills.

– Right to convert convertible bonds.

– Right to change name, split, consolidate shares.

– Right to swap, merge shares.

– Other types of rights as prescribed by law.

The trading date on which the buyer of shares will not receive the rights and the seller of securities or the owner will receive the related rights. The ex-rights trading date is the working day immediately preceding the last registration date. Vietnam Securities Depository and Clearing Corporation (VSDC) will close the list of customers owning securities on the last registration date to exercise the rights for shareholders. On the closing date, if the name is on the list, the securities owner will receive the related rights.

It is the right that the enterprise, based on business results and future plans, pays cash dividends to shareholders at a certain rate according to the list of rights closing on the last registration date announced in advance. On the payment date (the date of exercising the right), the value of the cash dividend received will be automatically recorded in the securities account of the investor who has closed the right.

– The date on which the Vietnam Securities Depository (VSDC) closes the list of securities owners entitled to exercise the relevant rights according to previously announced information. The last registration date is the working day following the ex-rights trading date of the securities.