SSI retains top securities market share

Monday, Jul 08, 2019 14:36

SSI tops the list of 10 largest securities companies with the highest market share of stock and fund certificate broking on HoSE. — Photo courtesy of SSI

The Ho Chi Minh Stock Exchange (HoSE) has announced the list of 10 largest securities companies, and SSI Securities Corporation remained the leader with a 13.84 per cent market share in the first half of the year.

In second and third positions were the HCM City Securities Corp (HSC) and Viet Capital Securities (VCSC) with 11.07 per cent and 9.71 per cent.

Rounded off the top 10 list were VNDirect Securities Corp (7.3 per cent), MB Securities JSC (4.76 per cent), Bao Viet Securities (3.78 per cent), Sai Gon-Ha Noi Securities (3.56 per cent), Mirae Asset Securies (Viet Nam) (3.39 per cent), ACB Securities (3.12 per cent), and VPS Securities (3.11 per cent).

At the end of the last trading session in June, the VN-Index stood at 949.94 points, a rise of 6.43 per cent in 2019.

But liquidity was low. On HoSE, 20 billion shares were traded in the first half for VND443.4 trillion, down 14 per cent and 17.5 per cent compared to the previous half.

Trading in Ha Noi too was down, 28 per cent in volume and 32 per cent in value.

According to experts, the trade tension between the US and China is easing, which is expected to create a market recovery.

Covered warrants, which were listed and began to be traded on June 28, are expected to make the market more dynamic, they said. — VNS

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