HOSE announces top 10 securities firms

The Ho Chi Minh Stock Exchange (HOSE) on January 5 announced the top 10 securities companies with the largest brokerage share and fund certificates in the fourth quarter of 2018.

Illustrative image (Source: VNA)

Illustrative image (Source: VNA)

The SSI Securities Corporation maintained the first position for five consecutive years with 18.7 percent far ahead of its competitors such as Ho Chi Minh City Securities Corporation (HSC) 11.24 percent, Viet Capital Securities (VCSC) 10.95 percent, VNDirect Securities Corporation (VND) 7.32 percent, and MB Securities Joint Stock Company (MBS) 5.63 percent.

Others on the list include Saigon – Hanoi Securities Joint Stock Company (SHS) with a market share of 4.02 percent, ACB Securities Co.Ltd (ACBS) 3.46 percent, FPT Securities Joint Stock Company (FPTS) 3.34 percent, Bao Viet Securities Joint Stock Company (BVSC) 2.99 percent, and BIDV Securities (BSC) 2.83 percent.

Despites numerous difficulties in 2018, securities firms still witnessed growth in the number of customers, according to HOSE.

The VN-Index, Vietnam’s benchmark stock index, surpassed the historic peak and set a record of 1,211 points in April 2018, but then suffered a sharp decline only eight months after that.

Ending the last session of 2018, the VN-Index stood at 892.54 points, down 91.7 points compared to the same period last year.

According to experts, a highlight of the Vietnamese stock market in 2018 was the continuously strong growth of the market scale and liquidity.

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