HoSE sees big changes in brokerage market share in Q3

An investor watching shares’ actions on a big display screen contained in the constructing of HoSE. VNA/VNS Photo Hua Chung

The Ho Chi Minh Stock Exchange (HOSE) just lately introduced the market share of brokerage transaction worth in the third quarter of 2022. And there are big changes among the many high 10.

VPS Securities continues to rank high of the brokerage market share, witnessing a pointy achieve from 17.1 per cent in the second quarter of 2022 to 18.71 per cent in the third quarter.

SSI Securities Corporation is lagging behind as its market share retains falling from 10.02 per cent to 9.60 per cent. However, the securities agency mentioned that it has just lately discovered options to retain its market share.

According to SSI, amid the risky market, the corporate continues to prioritise danger administration for margin lending actions, striving to accompany clients in robust occasions. As of the tip of September, SSI’s excellent loans reached almost VND15.4 trillion (US$644.2 million).

It additionally promotes funding consulting programmes to enhance effectivity and danger administration for buyers.

In the primary 9 months of the yr, the variety of new accounts opened at SSI went up 34 per cent year-on-year, however the market share declined considerably.

Most of the remaining securities firms posted sharp drops in market share in the final quarter. VNDirect Securities Corporation’s market share plunged from 7.96 per cent in the second quarter to 7.72 per cent in the third quarter.

Ho Chi Minh Securities Corporation (HSC) dropped from fourth to fifth place, comparable to a slide from 6.06 per cent to five.58 per cent in market share. Techcom Securities (TCBS)’s market share decreased from 5.37 per cent to five.23 per cent.

Mirae Asset Securities Vietnam (MAS) has made appreciable efforts to rank fourth with its buying and selling market share rising from 5.10 per cent to five.85 per cent.

Securities firms in Vietnam have grown dramatically in the previous three years due to the robust participation of retail buyers. The long-term prospects of the securities companies trade in Vietnam stay very optimistic attributable to financial progress, a low investor participation charge in the overall inhabitants, and the dimensions of the capital market, which is anticipated to develop additional.

However, based on FiinRatings, at present the typical day by day liquidity on the home inventory market is barely about 60 per cent of the typical in 2021. This will have an effect on the revenue progress charge of stockbrokers and the credit score danger of margin mortgage portfolios. As a consequence, it would have a much bigger affect on securities firms, which offer margin loans, specializing in small or speculative shares.

More corporations to hitch HoSE

In the final days of September, HoSE repeatedly introduced it have obtained the itemizing paperwork of one other 5 firms, rising the variety of enterprises ready for the approval date to be listed on HoSE to 14 models.

Of which, Lap Phuong Thanh Trading and Production (LPT), Pacific Petroleum Transportation (PVP) and Hoa Tho Textile & Garment (HTG) are transferring shares from UPCoM to HoSE, whereas Nova Consumer and Bao Chau Pharmaceutical Group are new entrants on the inventory market.

In the third quarter, the nation’s inventory market tracked the worldwide markets’ slugging pattern, with the benchmark VN-Index hitting the bottom since February 2021. The downtrend occurred regardless of the intense prospect of the nation’s economic system. After a protracted streak of restoration in July and August, the index fell once more firstly of September.

It closed the final buying and selling day of September at 1,132 factors, down 11.6 per cent month-on-month and 24.4 per cent over final yr. 

Source: Vietnam News


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