SSI Securities Corporation held the largest brokerage market share in the first quarter of this year. — Photo thoibaotaichinhvietnam.vn

SSI Securities Corporation held the largest brokerage market share in the first quarter of this year despite seeing a drop in market share over 2019.

According to a recent report by HCM City Stock Exchange, the market share of SSI was 12.32 per cent in Q1, 1.64 percentage points lower than 2019.

SSI was followed by Ho Chi Minh City Securities Corporation which held a share of 11.03 per cent (falling from 10.54 per cent in 2019) and Ban Viet Securities with a share of 9.7 per cent (from a share of 8.19 per cent in 2019). VNDirect came fourth with a small increase of 0.14 percentage points in market share to 6.95 per cent.

Mirae Asset Viet Nam surpassed MB Securities in the first quarter to rank fifth with a share of 5.5 per cent, an increase from 4.47 per cent in 2019.

Other brokers in the top 10 were VPS Securities wih a share of 5.25 per cent, MBS 4.7 per cent, FPT Securities 3.48 per cent, Maybank KimEng 3.47 per cent and BSC with 3.47 per cent.

MBS, FPT Securities and Maybank KimEng were newcomers to the top 10 list, replacing Bao Viet Securities, BOS Securities and KIS Securities Viet Nam.

In the first quarter of this year, the VN-Index tumbled 31 per cent to 662.53 points, the second largest loss in history after the drop of 44.25 per cent in the first quarter of 2008 when the global economic crisis occurred. — VNS