Illustrative photo (Source: SSI)

Ho Chi Minh City (VNA) — 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.

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

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

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

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

A SSI representative said the company grew well in Q3, with its accumulated number of accounts at the end of the quarter hitting over 149,000, including more than 147,000 individuals and 1,800 organisations.-VNA