Southern bourse honours top brokers

February 07, 2014 | 15:00

(0) user say

On February 6 Vietnam’s Ho Chi Minh City Stock Exchange (HOSE) praised the 10 securities companies with the highest brokerage market share in 2013.

source Ho Chi Minh City Securities Corp (HSC)

The acknowledgements were part of the exchange’s first trading session ceremony after the Lunar New Year.

The top 10 brokers accounted for more than 62 per cent of market share in terms of trading value of stocks and fund certificates. Coming in first was Ho Chi Minh City Securities Corp (HSC) with 13.28 per cent, followed by Saigon Securities Inc. with 10.63 per cent and Viet Capital Securities with 6.97 per cent. Others in order of most to least included ACB Securities, VN Direct Securities, MB Securities, Maybank Kim Eng Securities, FPT Securities, BIDV Securities and Vietcombank Securities.

Vietnam’s VN Index rose by 21.97 per cent in 2013, one of the highest in the region. Market liquidity saw an impressive rebound with average trading value of VND1.06 trillion ($50.6 million) per day, putting total capitalisation at VND842.1 trillion ($40.1 billion), equal to 27 per cent of the country’s GDP.

By By Tuong Thuy

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional