New stock trading accounts hit record high in March

An investor at Vietcombank Securities Company (Photo: VNA)

Hanoi (VNA) - Securities companies registered 113,875 new domestic trading accounts during March, breaking the record set in January of 86,107, according to the Vietnam Securities Depository (VSD).

As of the end of March, there were more than 3 million trading accounts in the stock market, including over 2.98 million opened by individual investors and 11,630 by organisational players.

The stock market saw nearly 258,000 new trading accounts opened in the first quarter, accounting for 65 percent of the figure recorded in 2020 as a whole.

SSI Securities Corporation said Vietnam’s stock market experienced a special quarter, reaching the 1,200-point threshold three times.

The market suffered its sharpest decline in history on January 28 as a result of panic selling after new community transmissions of the coronavirus were reported. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) fell 73.23 points, or 6.67 percent, to close at 1,023.94 points. It quickly recovered to 1,191.44 points by the end of the March 31 trading session, increasing 7.93 percent from the beginning of the year./.

VNA