VPS Securities significantly increases its position in the Top 10 brokerage market share on HOSE.

The Ho Chi Minh City Stock Exchange (HOSE) has just announced the list of 10 securities companies with the largest market share in brokerage trading of stocks, fund certificates, and guaranteed warrants in the second quarter and the first half of 2023.

The stock brokerage market share among securities companies continued to be fiercely competitive in the second quarter of 2023, with significant changes in the Top 10 list during this period.

Specifically, the top 10 securities companies with the largest brokerage value on this exchange in the second quarter include VPS, SSI, VNDirect, TCBS, Mirae Asset, HSC, MBS, VIETCAP, KIS, and FPTS.

Among them, VPS Securities Joint Stock Company continued to maintain its number one position in stock brokerage market share and widened its lead over the remaining competitors, holding 19.01%, a sharp increase of more than 3.3% compared to the previous first quarter. This also marks the 10th consecutive quarter that VPS has held the number one market share position on the HOSE exchange.

Next is SSI Securities Corporation, with a market share of 10.22%. However, unlike VPS, SSI's market share recorded a decrease of more than 1.3% compared to the first quarter of the year.

In third place is VNDirect Securities Joint Stock Company, with a market share of 7.27%, a slight increase from 6.8% in Q1/2023.

Notably, Techcombank Securities Joint Stock Company (TCBS) made a spectacular leap in market share this second quarter, climbing to 4th place with 5.47% market share, instead of 8th place in the first quarter of 2023.

Mirae Asset Securities Joint Stock Company (Vietnam) ranked 5th with a 5.16% market share.

Ho Chi Minh City Securities (HSC) dropped from 4th place in Q1 to 6th place in Q2; Viet Capital Securities Joint Stock Company (VIETCAP) also saw its market share decrease and its position changed from 6th to 8th in Q2...

The 10th position saw some changes compared to Q1 2023, with Vietnam Foreign Trade Commercial Bank Securities Company (VCBS) dropping out of the Top and ceding this position toFPT Securities, with 3.23% market share.

Overall, in the first half of this year, the top 10 securities brokerage firms on the HOSE exchange remained the same 10, differing only in their positions; VPS Securities led the half-year brokerage market share on HOSE with 17.65%, far ahead of the next-ranked securities firm, SSI, with 10.76%. The subsequent positions were held by VNDirect, HSC, Mirae Asset, TCBS, VIETCAP, MBS, KIS, and FPTS.

The Vietnamese stock market just experienced an impressive second quarter of 2023, with the VN-Index rising by more than 5.2%, bringing the total recovery since the beginning of the year to 11.1%.

The upward trend of the Vietnamese stock market is supported by both domestic and international macroeconomic factors, and more importantly, by the support of domestic capital flows into the stock market.

In June, trading sessions with billions of dollars in liquidity gradually appeared on the market. In line with this increase in liquidity, major securities companies launched incentive programs offering discounts on transaction fees, margin loan interest rates, and other benefits.

In addition, some securities companies continue to implement activities aimed at improving knowledge and developing product packages to help customers invest more effectively.

SSI Securities Corporation has launched the "Beyond Zero Fee - More Than Just Free" incentive program: 100% free transaction fees, attractive margin loan packages with interest rates as low as 9% per year, up to VND 5,000 billion, and exclusive privileges for SSI customers; implemented knowledge and investment consulting programs such as "Stock Cafe" and "Knocking on the Door of a New Month," and perfected the format of "Stock Cafe 2".../.

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