SSI tops 10 biggest brokerages on HOSE in Q1

Saigon Securities Inc (SSI) led among top ten securities companies in terms of brokerage on the Hochiminh Stock Exchange (HOSE) in Jan-March after placing Thang Long Securities JSC behind in the last quarter of 2010, the southern bourse reported.

In the first quarter of 2011, SSI performed with a brokerage market share of 11.74%, TLS ranking the second with 8.58%. Therefore, the brokerage market share of TLS declined sharply in the 3 months because SSI had an advantage of many foreign investors who made strong trading volume in the reporting period.

Standing after SSI and TLS is Sacombank Securities Co (SBS), followed by ACBS and FPTS. Notably, Bao Viet Securities Co (BVSC) jumped to the seventh with a share of 3.02% from the ninth position of 2.5% in Q4 of 2010.

Last positions in the top ten are shared by VPBank Securities Co, Hoa Binh Securities Co and VNDirect Securities Co (2.74%).

Thus, top ten brokers dominate 51.59% of brokerage market share in the whole market in Jan-March.

Regarding bond trade, SSI makes up 40.44% of total market share, BVSC 3 with 37.63%, VPBS 21.93%, BSC 0.003% in terms of bond brokerage market share.

Tags: SSI, vietnam stock, Vietnam stock market, VNindex