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Guide stock trading

Stock Trading Guide

 

1. General overview of stock trading

 

1.1. How to make stock transactions

Customers can make stock transactions by Counter transactions, placing orders by phone or placing orders online.

 

  • Counter transactions: You come directly to NVS’s headquarters to make transactions

  • For the service of placing orders by phone: You need to register your phone number and password for placing orders by phone. Your orders will only be accepted when placed from the registered phone number.

  • For the service of placing orders online: NVS will provide an access password. You log in to the online trading system trading.nvs.vn. The system will ask you to change your password immediately after accessing. You also have full authority to change your access password and online order password on the trading.nvs.vn system.

 

1.2. Transaction time

 

From Monday to Friday every week, except holidays as prescribed by the Labor Code and notices of HSX/HNX

Exchange HSX HNX UPCOM
Time Transaction method Order used Transaction method Order used Transaction method Order used
9h00 – 9h15 Periodically Open ATO, LO
No cancellation / modification of orders		 Continuous I LO, MTL, MOK, MAK
Cancel / modify order possible		 Continuous I LO
Cancel / modify order possible
9h15 – 9h30 Continuous I LO, MP
Cancel / modify order possible
11h30 – 13h00 Break between sessions
13h00 – 14h30 Continuous II LO, MP
Cancel / modify order possible		 Continuous II LO, MTL, MOK, MAK
Cancel / modify order possible		 Continuous II LO
Cancel / modify order possible
14h30 – 14h45 Periodically Close ATC, LO
No cancellation / modification of orders		 Periodically Close ATC, LO
No cancellation / modification of orders
14h45 – 15h00 After-hours PLO
No cancellation / modification of orders
9h00 – 11h30 &
13h00 – 15h00		 Put through PT orders Put through PT orders Put through PT orders

(*) Odd Lot PT Trading: 9:15 – 11:30 & 13:00 – 15:00

 

1.3. Price unit

Stock HSX   HNX UPCOM
Stocks, closed-end fund certificates Price  Price unit 100 VND 100 VND
≤ 10,000 10 VND
10,000 – 49,950 50 VND
≥ 50,000 100 VND
ETF fund certificates, warrants 10 VND
Private Bonds 01 VND

 

1.4 Transaction unit

HSX HNX UPCOM
Even lot order matching transaction: Even lot order matching transaction: Even lot order matching transaction:
Multiples of 100; from 100 to 500,000 shares.
 Multiples of 100  Multiples of 100
PT transaction volume: >=20,000 shares PT transaction volume: >=5,000 shares
No PT transaction unit specified
Put through transactions do not apply on the first trading day of listed stocks, ETF certificates, closed-end fund certificates, listed covered warrants and securities whose trading is suspended or suspended for more than 25 consecutive days Put through transactions are not allowed on the first trading day of a newly listed stock or the day of resumption of trading after a trading suspension of 25 consecutive days until a closing price is established Put through transactions are not allowed on the first trading day of newly listed stocks or the day of resumption of trading after 25 consecutive trading days of suspension until a reference price is established from the results of the continuous order matching method

 

1.5. Types of orders

 

  • Put-through order:
    • It is a method in which the buyer and seller agree on the transaction conditions such as price, volume, payment method and then notify the securities companies of both parties. In case the investor wants to negotiate but has not yet determined the partner, he/she can contact the securities company to enter a buy or sell order. When a partner is found and an agreement is reached, the securities company will represent the investor in the transaction.
    • Put-through transactions are carried out throughout the session, except for lunch break. The agreement order is only valid for the day and the price must be within the fluctuation range of that day. Investors are not allowed to negotiate on the first day that stocks or fund certificates are listed or registered for trading on the stock exchange.
  • Limit order (LO)
    • Is an order to buy or sell securities at a specified price or better; specify the specific price;
    • Limit orders are valid from the time the order is entered into the trading system until the end of the trading day or until the order is canceled.
  • Order to trade at the opening price (ATO)
    • Only applicable at HSX;
    • Is an order to buy or sell securities at the opening price;
    • ATO orders are given priority over limit orders during order matching;
    • ATO orders are entered into the trading system during the periodic order matching period to determine the opening price and will be automatically canceled after the time of determining the opening price if the order is not executed or not fully executed.
  • Order to trade at the closing price (ATC)
    • Is an order to buy or sell securities at the closing price;
    • ATC orders are given priority over limit orders during order matching;
    • ATC orders are entered into the system during the periodic order matching period to determine the closing price and will be automatically canceled after the closing price determination time if the order is not executed or not fully executed.
  • Market price order (MP):
    • Only applicable at HSX;
    • Is an order to buy/sell securities at the lowest selling price/highest buying price currently available on the market;
    • Used in continuous order matching sessions and will be canceled when there is no corresponding limit order at the time of order entry
  • Market Limit Order (MTL):
    • Only applicable at HNX;
    • Is an order to buy securities at the lowest selling price or an order to sell securities at the highest buying price currently available on the market;
    • Used in continuous order matching sessions and will be canceled when there is no corresponding limit order at the time of order entry;Is a market order entered, if not fully matched, the remaining part will be converted to a limit order.
  • Market Order Fill All or Cancel (MOK):
    • Only applicable at HNX;
    • Is an order to buy securities at the lowest selling price or an order to sell securities at the highest buying price currently available on the market;
    • Used in continuous order matching sessions and will be canceled when there is no corresponding limit order at the time of order entry;
    • Is a market order entered, if not fully matched, the entire order will be canceled.
  • Market to Match and Cancel (MAK) Order:
    • Only applicable at HNX;
    • Is an order to buy securities at the lowest selling price or an order to sell securities at the highest buying price currently available on the market;
    • Used in continuous order matching sessions and will be canceled when there is no corresponding limit order at the time of order entry;
    • Is a market order entered, if not fully matched, the remaining part of the order will be canceled.
  • After Hours Order (PLO):
    • Only applicable at HNX;
    • Is an order to buy/sell securities at the closing price; used in the after-hours trading session and matched immediately when there is a corresponding order; automatically canceled after the end of the after-hours trading session;
    • PLO orders are not entered into the system if there is no matching order in the continuous order matching session and the closing periodic order matching session

 

1.6. Odd Lot Securities Trading

  • How to place an order: Buy and sell transactions on the exchange. Customers place orders to sell odd lots at the counter, by phone or online
  • Settlement time: Odd lot orders after being matched will also be cleared like normal trading orders
  • Order type: only use LO order, allowed to cancel order (for HSX, HNX and UPCOM exchanges) and allowed to modify order (for HNX, UPCOM exchanges)
  • Order volume: from 01 to 99 shares
  • Other regulations:

Odd-lot trading of stocks is not allowed on the new listing day, or the day of resumption of trading after being suspended or suspended from trading for 25 consecutive trading days or more until:

(1) a closing price is established (for HSX and HNX exchanges).

(2) a reference price is established from the results of the continuous order matching method (for UPCOM exchange).

 

1.7 Transaction payment method and time

a) Order matching method

  • Order matching method on HSX
    • Periodic order matching: Is a trading method performed by the system based on matching buy and sell orders of securities at a specified time.
      The principle of determining the execution price is as follows:+ The execution price at which the trading volume reaches the largest and all buy orders with higher prices and sell orders with lower prices than the selected price must be fully executed.+ In case there are many prices satisfying point a, the selected execution price is the price at which the order of one party must be fully executed, the orders of the opposite party must be fully or partially executed;+ In case there are many prices satisfying point b, the selected price is the price that is the same or close to the nearest execution price of the day; in case there is no execution price, the selected price is the price that is the same or close to the reference price.+ In case there is no price satisfying point b of this Clause, the selected price is the price that satisfies point a of this Clause and is the same or close to the nearest execution price of the day; in case there is no execution price, the selected price is the price that is the same or close to the reference price.
    • Continuous order matching: is a trading method performed by the system based on matching buy and sell orders of securities as soon as the orders are entered into the trading system.
      Principle of determining execution price: is the price of the corresponding orders waiting on the order book
    • PT order matching: Is a trading method in which the buyer and seller agree on the transaction conditions, then notify the securities company to record the transaction results in the trading system. Or the buyer/seller goes through the securities company to find a counterparty for the transaction.
  • Order matching method on HNX
    • Periodic order matching: Is a trading method performed by the system based on matching buy and sell orders of securities at a specified time.
      The principle of determining the execution price is as follows:
    • + The execution price that achieves the largest trading volume.
    • + If there are many prices that satisfy the above conditions, the price that is the same or closest to the execution price of the most recent order matching will be selected
    • Continuous order matching: is a trading method performed by the system based on matching buy and sell orders of securities as soon as the orders are entered into the trading system.
      Principle of determining execution price: is the price of the corresponding orders waiting on the order book.
    • PT order matching: Is a trading method in which the buyer and seller agree on the transaction conditions, then notify the securities company to record the transaction results in the trading system. Or the buyer/seller goes through the securities company to find a counterparty for the transaction.
  • Order matching method on UPCOM
    • Continuous order matching: is a trading method performed by the system based on matching buy and sell orders of securities as soon as the orders are entered into the trading system. The matching price is the price of the corresponding limit orders waiting on the order book
    • PT order matching: Is a trading method in which the buyer and seller agree on the transaction conditions, then notify the securities company to record the transaction results in the trading system. Or the buyer/seller goes through the securities company to find a counterparty for the transaction

b) Payment time

Transaction type Payment time
Stocks, fund certificates T+2
Bonds T+1

2. Order placement instructions

 

2.1. Instructions for placing orders by phone

 

Step 1: You use the registered phone number to place an order by phone to call the NVS Order Receiving Center to meet the transaction officer. Please provide the following information:

  1. Account number (sub-account) to place the order.
  2. Full name
  3. ID card number or Passport number (for foreign clients)
  4. Order Password.

The dealer will compare the calling phone number and the information on the account (sub-account) provided:

  1. If the calling phone number and the information provided are correct, please continue to Step 2.
  2. If the calling phone number or the information provided is incorrect, the order will be invalid. Please use the correct phone number and provide correct information according to the instructions of the dealer

Phone number for receiving orders: 076 724 5999

Step 2: When placing an order, please provide clear information about the order type:

  1. Buy/Sell
  2. Stock code, quantity and transaction price.

The dealer will check the validity of the order.

Note: In case you call to Cancel/Modify the order, please provide clear information about the order type:

  1. Cancel/Edit.

  2. Buy/Sell.

  3. Stock code and Reset order information (if any).

The dealer will confirm with the you immediately after completing the order.

(Note: NVS will execute your orders in accordance with the provisions of law and regulations of the Exchanges).

 

2.2. Instructions for placing online orders

See details here

 

3. Order matching principle

Price Priority:

  • Buy orders at higher prices are executed first.
  • Sell orders at lower prices are executed first.

Time Priority:

  • In case buy or sell orders have the same price, the order entered into the trading system first will be executed first.

 

Support Contact Information

During the transaction, if you need support to answer any questions, please contact the hotline: 076 724 5999 (from 8:00 am to 5:00 pm, Monday to Friday every week, except holidays and Tet).