SSC denies rumour of inspection of codes

Thursday, Nov 27, 2014 16:17

SSC does not find any unusual transactions or acts of manipulating the share price in the local market yet.— Photo

HA NOI (Biz Hub) — The State Securities Commission (SSC) on November 26 denied a rumour that they will be inspecting some stock codes with high liquidity.

SSC chairman Vu Bang said that the report was absolutely wrong, adding that their inspections have been carried out regularly and normally as per the law.

Earlier on the same day, stocks fell sharply over the rumour that the SSC will carefully check the transactions of codes with high liquidity.

The VN Index lost nearly 10 points at the end of the day's session, falling to its five-month low. In particular, codes with high liquidity such as FIT, FLC and KLF, besides TSC and blue chips such as GAS and PVD were sold out massively.

Many investors claimed that they sold their stock because of the rumour and then regretted their action as it was just a false report.

The SSC chairman told the local media that they have been working with the two stock exchanges in Ha Noi and HCM City, so that they can detect unusual transactions or acts of manipulating the share price. However, they have not found anything unusual so far, and have no plans to do what the false report had alleged.

Bang warned investors about unexpected losses that can happen due to unfounded rumours. — VNS

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