VPS Securities increases gap in Top 10 brokerage market share HOSE

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

The stock brokerage market share among securities companies continues to be fiercely competitive in the second quarter of 2023 when the Top 10 list has significant disruption during this time.

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

Among them, VPS Securities Joint Stock Company continues to maintain its No. 1 position in stock brokerage market share and widens the gap with other competitors when holding 19.01%, a sharp increase of 3.3% compared to the previous quarter. This is also the 10th consecutive quarter that VPS has held the No. 1 market share position on the HOSE floor.

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 Corporation, with a market share of 7.27%, up slightly from 6.8% in the first quarter of 2023.

Notably, the market share of Techcom Securities Joint Stock Company (TCBS) made a spectacular step forward in 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 5.16% market share.

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

The 10th position continued to have some changes compared to the first quarter of 2023, when Vietnam Joint Stock Commercial Bank for Foreign Trade Securities Company (VCBS) left the Top and gave this position to FPT Securities, with 3.23% market share.

In the first half of this year, the top 10 securities brokerage market shares on the HOSE floor are still the same 10 names, only different in position; in which VPS securities is at the top of the semi-annual brokerage market share on the HOSE with 17.65%, far surpassing the second-ranked securities company SSI with 10.76%. The following positions are VNDirect, HSC, Mirae Asset, TCBS, VIETCAP, MBS, KIS and FPTS.

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

The upward momentum of the Vietnamese stock market is supported by domestic and foreign macroeconomic factors, especially the support of intra-bloc cash flows for stock investment channels.

In June, billion-dollar liquidity sessions gradually appeared on the market. In line with the increase in liquidity, large securities companies launched incentive programs on transaction fees, margin lending interest and many other incentives.

In addition, some securities companies also continue to implement activities to improve knowledge and develop product packages to help customers invest more effectively.

At SSI Securities Corporation, the incentive program “Beyond Zero Fee - Not just free” has been implemented: 100% free transaction fees, attractive margin loan packages with interest rates of 9%/year, with a scale of up to 5,000 billion VND and privileges exclusively for SSI customers; implementing programs providing knowledge & investment consulting such as “Café Stock” and “Knock on the door of the new month,” completing the format of “Café Stock 2”…/.

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