New foreign accounts hit 7-month low

Thursday, Oct 10, 2019 15:22

Vietnamese investors in a trading day. The number of new domestic accounts was 16,241 in September, declining from August figure of 17,742. — Photo
The number of new foreign accounts was just 275 in September, the lowest in seven months, data of the Vietnam Securities Depository (VSD) showed.

The figure was down from 363 recorded in August.

Domestic accounts fell too, from 17,742 in August to 16,241 in September.

In September, total 16,590 trading accounts were opened at the VSD, raising the total number to near 2.34 million.

The decline of new trading accounts on the Vietnamese stock market matches the volatility of the domestic indices last month.

The benchmark VN-Index in September struggled between 990 points and 1,000 points amid strong foreign selling.

Key international developments such as the US-China trade war, the geo-political tension in the Middle East and Brexit were attributed for the market’s volatility.

In September, foreign investors net sold US$130 billion worth of Vietnamese shares. — VNS

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