An investor looks at stock prices on a smartphone at a brokerage in HCMC’s District 1, January 2020. Photo by VnExpress/Quynh Tran.
Brokerage VPS Securities has dislodged SSI Securities Corporation to become the top brokerage, with a 13.24 percent market share in Q1.
Data released recently by the HCM Stock Exchange (HoSE) shows that VPS’s market share has increased by 2.4 percentage points quarter-to-quarter.
Despite SSI Securities Corporation’s market share growing by 0.24 percentage points in Q1, it has finished in second place with an 11.89 percent market share. It had held the top position for 8 consecutive quarters until now.
Ho Chi Minh City Securities Company (HSC) took the third place with an 8.23 percent market share, followed by VNDIRECT Securities with 7.46 percent, and Viet Capital Securities (VCSC) with 5.62 percent.
Those lower on the ladder, such as South Korea’s Mirae Asset, MB Securities, Techcom Securities, FPT Securities and BIDV Securities Company, held market shares of around 3.25-4.41 percent.
The fact that SSI Securities Corporation was dislodged from the top position shows that there is fierce competition among securities firms.
Nguyen Hong Nam, CEO of SSI Securities Corporation, said competition was necessary for the development of the market. He added that while market share was an important factor to evaluate a company, but it is not the only one.
Vietnam’s top 10 securities companies held 65.23 percent of the market share this quarter, up 0.15 percentage points over Q4 2020.