Vietnam reaches record of more than 10 million securities accounts

According to data from the Vietnam Securities Depository (VSD), in May, more than 191,000 new accounts were opened by investors, mainly individuals. In the first 5 months of the year, the market has welcomed more than 800,000 new accounts.

Thus, the number of securities accounts in Vietnam has now exceeded 10 million, accounting for about 10% of the population. Of which, 99.8% of accounts are owned by individuals. According to the Government 's project, the market will aim for 11 million accounts by 2030, focusing on developing institutional investors, professional investors and attracting the participation of foreign investors.

Vietnam reached 10 million accounts in the context of the VN-Index, the index representing the market, increasing sharply in May. Accordingly, this index increased by 106 points, equivalent to about 8.7%, the largest level in the past two years (by month). Order matching liquidity reached nearly 20,000 billion VND per session.

Tien Phong Securities (TPS) believes that the positive performance of the market in May was supported by the return of stable investor sentiment, after the risks from the US tax policy were fully reflected in prices. In addition, the driving force also came from the State Bank's flexible management policy to stabilize exchange rates and maintain low interest rates.

Regarding the market outlook in June, experts from VNDirect Securities said that after the recovery in May, the room for VN-Index to increase may be narrowed as the index is approaching the important resistance zone of 1,340 - 1,350 points. In the short term, market accumulation is necessary to absorb low-priced supply and form a new price level, thereby creating a foundation for the next breakthrough.

This is also a strategic time for investors to restructure their portfolios and take profits from stocks that have increased rapidly. "Investors should shift to sectors with attractive valuations that have not fully recovered to the price range before the April 2 adjustment session. Some notable sectors include the securities group, steel, and export enterprises in the textile and seafood industries," VNDirect's report stated.

Agribank Securities (Agriseco) said the market will enter June with both challenges and opportunities. Tariff information will appear more frequently and is difficult to predict, creating pressure on investor sentiment. Along with that, after a strong increase in May, many groups of stocks have reached new highs and there is not much room for price increases.

However, Agriseco believes that there are still factors supporting the market such as the upgrade and the second quarter business results continuing to grow. The analysis team forecasts that the VN-Index will fluctuate in the range of 1,300-1,350 points, with cash flow being differentiated and rotating between groups of stocks with their own investment stories.

VN (according to VnExpress)

Source: https://baohaiduong.vn/viet-nam-dat-ky-luc-hon-10-trieu-tai-khoan-chung-khoan-413418.html