The number of accounts in the stock market exceeds 9 million, mainly individual investors.
According to statistics from the Vietnam Securities Depository (VSD), by the end of October, the market recorded nearly 157,000 new accounts opened in one month. This number contributed to bringing the total number of accounts in the market to 9 million.
Domestic individual investors accounted for more than 8.9 million accounts, an increase of about 156,500 accounts. In the past 10 months, the number of accounts of this group increased by 1.73 million, meaning an average of 173,000 new accounts opened each month.
It took the market 4 months to grow from 8 million to 9 million accounts. The rate of new openings is on par with the period of late 2021 and early 2022 - when the market entered a prolonged uptrend.
However, stock less positive now. In the previous period, the index VN-Index increased sharply to the price range of 1,500 points, liquidity "exploded" when it was regularly recorded over a billion USD, with one session exceeding 40,000 billion VND. At this time, stocks hovered around 1,250-1,270 points, with liquidity below 20,000 billion VND for nearly 5 months.
In a recent report by Shinhan Securities (SSV), the analysis team said that waiting for the results of the US presidential election along with selling pressure from foreign investors caused the market to perform negatively in October. Liquidity decreased and stocks blue chip net sold
Previously, SGI Capital - the fund management company of The Ballad Fund - commented that good macro information no longer has a positive impact on cash flow in the market. Foreign investors still maintain net selling every time the VN-Index approaches the 1,300 point zone. In addition, the trend shifts to real estate In the last two quarters, investors' money has been withdrawn from stocks and moved through this channel.
However, the analysis team of Agribank Securities (Agriseco) believes that liquidity has improved in October, with total transaction value increasing by nearly 30% compared to the previous month. They predict that the market in November may continue its sideways trend but gradually move towards the 1,300 point zone.
Meanwhile, Saigon - Hanoi Securities (SHS) stated that the current price range is relatively reasonable, opening up positions for short-term buying and accumulation. share Good. They advise investors with below average weight to consider and selectively disburse leading stocks with good fundamentals.
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