VPS Securities emerges leading brokerage by market share

By Thuy Tien  &nbspApril 7, 2021 | 09:00 pm GMT+7

An investor seems to be at inventory costs on a smartphone at a brokerage in HCMC’s District 1, January 2020. Photo by VnExpress/Quynh Tran.

Brokerage VPS Securities has dislodged SSI Securities Corporation to turn out to be the highest brokerage, with a 13.24 p.c market share in Q1.

Data launched not too long ago by the HCM Stock Exchange (HoSE) exhibits that VPS’s market share has elevated by 2.4 proportion factors quarter-to-quarter.

Despite SSI Securities Corporation’s market share rising by 0.24 proportion factors in Q1, it has completed in second place with an 11.89 p.c market share. It had held the highest place for 8 consecutive quarters till now.

Ho Chi Minh City Securities Company (HSC) took the third place with an 8.23 p.c market share, adopted by VNDIRECT Securities with 7.46 p.c, and Viet Capital Securities (VCSC) with 5.62 p.c.

Those decrease on the ladder, akin to South Korea’s Mirae Asset, MB Securities, Techcom Securities, FPT Securities and BIDV Securities Company, held market shares of round 3.25-4.41 p.c.

The undeniable fact that SSI Securities Corporation was dislodged from the highest place exhibits that there’s fierce competitors amongst securities corporations.

Nguyen Hong Nam, CEO of SSI Securities Corporation, stated competitors was obligatory for the event of the market. He added that whereas market share was an vital issue to judge an organization, however it isn’t the one one.

Vietnam’s high 10 securities corporations held 65.23 p.c of the market share this quarter, up 0.15 proportion factors over This fall 2020.

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