An investor watching stocks' movements on a big screen inside the building of HoSE. (Photo: VNA) VPS Securities continues to rank top of the brokerage market share, witnessinga sharp gain from 17.1% in the second quarter of 2022 to 18.71% in the thirdquarter.
SSI Securities Corporation is lagging behind as its market share keeps fallingfrom 10.02% to 9.60%. However, the securities firm said that it has recentlyfound solutions to retain its market share.
According to SSI, amid the volatile market, the company continues to prioritiserisk management for margin lending activities, striving to accompany customersin tough times. As of the end of September, SSI's outstanding loans reachednearly 15.4 trillion VND (644.2 million USD).
It also promotes investment consulting programmes to improve efficiency andrisk management for investors.
In the first nine months of the year, the number of new accounts opened at SSIwent up 34% year-on-year, but the market share declined significantly.
Most of the remaining securities companies posted sharp drops in market sharein the last quarter. VNDirect Securities Corporation’s market share plungedfrom 7.96% in the second quarter to 7.72% in the third quarter.
Ho Chi Minh Securities Corporation (HSC) dropped from fourth to fifth position,corresponding to a slide from 6.06% to 5.58% in market share. TechcomSecurities (TCBS)’s market share decreased from 5.37% to 5.23%.
Mirae Asset Securities Vietnam (MAS) has made considerable efforts to rankfourth with its trading market share increasing from 5.10% to 5.85%.
Securities companies in Vietnam have grown dramatically in the past three yearsthanks to the strong participation of retail investors. The long-term prospectsof the securities services industry in Vietnam remain very positive due toeconomic growth, a low investor participation rate in the total population, andthe size of the capital market, which is expected to develop further.
However, according to FiinRatings, currently the average daily liquidity on thedomestic stock market is only about 60% of the average in 2021. This willaffect the income growth rate of stockbrokers and the credit risk of marginloan portfolios. As a result, it will have a bigger impact on securitiescompanies, which provide margin loans, focusing on small or speculative stocks.
More firms to join HoSE
In the last days of September, HoSE continuously announced it have received thelisting documents of another five companies, increasing the number ofenterprises waiting for the approval date to be listed on HoSE to 14 units.
Of which, Lap Phuong Thanh Trading and Production (LPT), Pacific PetroleumTransportation (PVP) and Hoa Tho Textile & Garment (HTG) are transferringshares from UPCoM to HoSE, while Nova Consumer and Bao Chau PharmaceuticalGroup are new entrants on the stock market.
In the third quarter, the country's stock market tracked the global markets’slugging trend, with the benchmark VN-Index hitting the lowest since February2021. The downtrend occurred despite the bright prospect of the country’seconomy. After a long streak of recovery in July and August, the index fellagain at the beginning of September.
It closed the last trading day of September at 1,132 points, down 11.6%month-on-month and 24.4% over last year./.
VNA
