Business

SSI continues leading brokerage market share

The Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the third quarter of 2018, announced the HCM City Stock Exchange (HoSE) on October 3.
SSI continues leading brokerage market share ảnh 1Illustrative photo (Source: SSI)

Ho Chi Minh City (VNA) — The Saigon SecuritiesIncorporation (SSI) remained the largest broker in Vietnam in the third quarterof 2018, announced the HCM City Stock Exchange (HoSE) on October 3.

The SSI was followed by the HCM City Securities (HSC), VietCapital Securities (VCSC) and VNDirect Securities (VNDS), and MB Securities(MBS). The top five companies together accounted for 49.82 percent of thebrokerage market share on the southern bourse during the period.

The HoSE report showed that the Q3 market recorded positivesigns following strong adjustments made in Q2. The benchmark VN Index increasedby 56.35 points or 5.87 percent from Q2. The capital flow in the market also recovered, with monthly increasesrecorded.

Trading liquidity in the quarter decreased slightly due toinvestors’ caution, which was resulted from previous long adjustments and theUS-China trade war. Average trading liquidity rose to reach 5.376 trillion VND (231.16billion USD) for all securities products in September compared to August.

Foreign investors’ involvement also dropped, with their partin the total market trading value falling from 21.5 percent in Q2 to 16.5percent in Q3.

A SSI representative said the company grew wellin Q3, with its accumulated number of accounts at the end of the quarterhitting over 149,000, including more than 147,000 individuals and 1,800organisations.-VNA
VNA
#Saigon Securities Incorporation#SSI#SSI continues leading brokerage market share#HCM City Stock Exchange#HoSE#HCM City Securities#Viet Capital Securities#VNDirect Securities#MB Securities#Vietnam News Agency#vietnamplus
Follow VietnamPlus

Related News

Brokerages adopt new survival strategies

Brokerages adopt new survival strategies

Securities companies have been opening increased numbers of local branches and transaction offices despite a declining stock market and a lack of profits.
Illustrative image (Photo: VNA)

Securities firms report bumper earnings despite challenges

A number of securities firms posted huge profits in the first quarter of this year, but many were in difficulty although the market is recovering.

To date, 78 securities firms have reported their first quarter's business results, with total pre-tax profit reaching nearly 1.4 trillion VND (67.3 million USD), more than doubling the figure of the same period last year.
SSI continues its lead in brokerage market share

SSI continues its lead in brokerage market share

Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the second quarter of 2018, accounting for 23.08 percent of the brokerage market share, according to the Ho Chi Minh City Stock Exchange (HoSE).

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.