Five Vietnam securities majors host trading of 147 bln shares in Jan-Sept

Five major securities firms on the Ho Chi Minh Stock Exchange (HoSE) hosted transactions of 147 billion shares in the first nine months of this year.

The five firms are VPS Securities; Saigon Securities (SSI); Techcombank Securities (TCBS); Ho Chi Minh City Securities (HSC); and VNDirect Securities (VND).

Leading the pack was VPS Securities, which saw 61.75 billion shares traded, corresponding to a value of VND1.56 quadrillion ($61.48 billion), down 8% year-on-year in volume.

VPS also remained the largest securities firm in the country by trading volume.

SSI Securities came second, with 27.83 billion shares valued at VND711.2 trillion ($28 billion), down 10% year-on-year in volume but up 11% year-on-year in value. In Q3 alone, investors traded 7.58 billion shares via this broker, down 43% year-on-year.

TCBS reported the trading of 24.7 billion shares with a total value of VND563.9 trillion ($22.22 billion), up 21.6% and 53% year-on-year, respectively; while HSC saw 10.2 billion shares change hands, a remarkable 169% increase compared to the same period last year.

Meanwhile, VNDirect hosted the trading of 22.5 billion shares valued at VND494.9 trillion ($19.5 billion), down 12% year-on-year in volume. It also experienced a fall in market share, dropping to sixth place with 5.7%, its lowest level since Q4/2019.

The decline followed a significant incident on March 25, when the broker encountered a cyber-attack that disrupted its trading system for a week. This not only delayed trading plans and incurred losses for investors but also created a crisis of confidence, causing some clients to switch to other securities firms.

Meanwhle, VietCap Securities saw a significant market share increase in Q3 from 5.32% in the previous quarter to 6.78%, placing it third among Vietnamese brokers in terms of market share on the HoSE.

This was VietCap's highest market share since Q1/2021, though it still fell short of a peak of more than 10% reached in 2018-2019. However, the firm did not disclose the specific volume of shares it hosted during this period.