LEARN ABOUT STOCK EXCHANGES IN VIETNAM - part 3 Part 3: UP | LiveTrade LTD Official Channel

LEARN ABOUT STOCK EXCHANGES IN VIETNAM - part 3

Part 3: UPCOM exchange.

Is there any difference between UPCOM and HOSE and HXN? Let's find out with #LiveTrade now

UPCOM stands for Unlisted Public Company Market, this is an exchange managed by the Hanoi Stock Exchange and was established in January 2009. A special feature of UPCOM is that traders only need to have an ID card/CCCD or a transfer contract and a number of free shares to be able to trade easily.

If HOSE and HNX wallets are "supermarkets", then UPCOM is considered "popular markets". Unqualified stocks and companies will be listed on the UPCOM "market" for testing.

UPCOM's operating time starts at 9am and ends at 3pm from Monday to Friday every week.

Quotation unit for shares at UPCOM is 100 VND.

The trading range of the exchange is quite large - about 15%, which means that the risk will also be higher than the other 2 exchanges.

For UPCOM floor, only 1 order can be placed, which is the LO order.

It can be said that the UPCOM floor is a place where real gold and brass are mixed. Therefore, traders should evaluate the integrity of stock codes at this floor to limit risks to the lowest level.

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