VPS retains its leading position, while SSI significantly reduces its market share.

SSI still holds the second position in brokerage market share in 2024 on the HoSE exchange with a share of 9.18%, but this is significantly lower than in 2023 (10.44%). This is the largest decrease in market share among the top 10.

HoSE brokerage market share in 2024: VPS retains its leading position, SSI significantly reduces its market share.

SSI still holds the second position in brokerage market share in 2024 on the HoSE exchange with a share of 9.18%, but this is significantly lower than in 2023 (10.44%). This is the largest decrease in market share among the top 10.

The Ho Chi Minh City Stock Exchange (HoSE) announced the market share of brokerage transaction value for the fourth quarter and the whole year of 2024. Accordingly, in the fourth quarter of 2024, the top 10 market shares remained unchanged from the third quarter of 2024. VPS Securities Joint Stock Company maintained its number one position in brokerage market share on the HoSE with 16.45%. However, this market share continued to decrease compared to the 17.63% of the third quarter of 2024. This is also the third consecutive quarter of decline for this company. Thus, VPS has maintained its leading position in brokerage market share on the HoSE for 16 consecutive quarters since the first quarter of 2021.

Compared to Q3/2024, the top 5 remained unchanged in ranking. SSI Securities Corporation continued to hold the second position with a market share of 9.29%, an increase from 8.84% in Q3/2024. The market share of the three positions immediately following VPS and SSI also increased compared to the previous quarter. Specifically, Techcombank Securities Corporation (TCBS) reached 7.7%, Vietcap Securities Corporation reached 7.03%, and Ho Chi Minh City Securities Corporation (HSC) reached 6.75%. TCBS's market share increased the most among the top 10 with 0.61%.

Along with VPS, the market share of VNDirect Securities Joint Stock Company andFPT Securities Joint Stock Company (FPTS) decreased compared to the previous quarter, reaching 5.08% and 2.84% respectively. These two companies are currently ranked 7th and 10th on the leaderboard.

Conversely, MB Securities Joint Stock Company (MBS) saw the second strongest increase in market share after TCBS, reaching 5.16% (up 0.47%). This increase in market share helped MBS surpass VNDirect to secure the 6th position in the top 10.

Overall for 2024, VPS maintained its leading position with a market share of 18.26%, a decrease of 0.8% compared to 2023. SSI also held the second position in market share in 2024 with 9.18%, but decreased by 1.26%. This is the largest decrease in market share among the top 10 HoSE listed companies in 2024.

VNDirect recorded a 1.14% decrease in market share, reaching only 5.87% for the whole of 2024. Although not shrinking as drastically as SSI, VNDirect was the securities company that dropped the most, from 3rd to 6th place in the top 10 brokerage market share on the HoSE exchange. TCBS and HSC both rose to 3rd and 4th place with market shares of 7.18% and 6.41% respectively. Notably, Vietcap's market share reached 6.08%, an increase of 1.61% compared to 2023, moving from 8th to 5th place. The market shares of MBS, Mirae Asset (Vietnam), and KIS Vietnam all decreased compared to 2023. Vietnam Foreign Trade Commercial Bank Securities Company Limited (VCBS) replaced FPTS to enter the top 10 in 2024 with 2.91% thanks to positive data in the first half of the year.

According to SSI, 2024 will continue to be a year of fierce competition among securities companies to attract and retain customers. In addition to offering free trading, many securities companies are implementing margin trading and fee refund programs to attract and retain trading clients. Furthermore, cybersecurity, product and service diversity are also factors that customers consider when choosing a securities company. Consequently, the market share landscape in 2024 is expected to undergo significant changes.

SSI further stated that, in the latter part of 2024, in addition to deploying non-prefunding services for foreign institutional clients, SSI is also researching the provision of Direct Market Access ( DMA) services for hedge funds and quantitative trading funds to increase market share among this frequently traded client group. The securities company predicts that although liquidity may be somewhat less active in the final days of the year, SSI believes that 2025 will open up many new opportunities for the stock market.

Source: https://baodautu.vn/thi-phan-moi-gioi-san-hose-nam-2024-vps-giu-ngoi-vuong-ssi-thu-hep-manh-mieng-banh-d239652.html