Sunday, October 23 2016


HOSE honours top securities firms

Update: February, 16/2016 - 09:23
The HCM Stock Exchange held a ceremory to honour securities firms on the first trading day of the Lunar New Year yesterday. — VNA/VNS Photo Hoang Hai
HCM CITY  (VNS) — The HCM Stock Exchange yesterday honoured securities firms that had the largest market share in 2015 of stocks, fund certificates and bonds, and consultancies for listing and auction, among other categories.

The Saigon Securities Inc (SSI), HCM Securities Corp (HSC) and Ban Viet Securities Company topped the list of 10 companies in the category of shares and fund certificate market share.

SSI was also among five companies honoured in the categories of bond brokerage and listing and auction consultancy.

The State Securities Commission deputy chairwoman Nguyen Thi Lien Hoa praised securities companies' restructuring, which had improved performance and helped reduce the number of securities firms.

Speaking on the first trading day of HOSE, Nguyen Thanh Phong, HCM City People's Committee chairman, praised the achievements of HOSE during its 15 years in operation and hoped that the exchange would continue to reach the international level.

Hoa said last year the country's stock market reached market capitalisation of VND1.36 trillion (US$60.7 million), up 17 per cent on 2014 and equal to almost 35 per cent of the country's GDP.

"Though the liquidity slightly slowed, the average trading value per session remained relatively good, at VND4.93 trillion ($220.2 million), and the market has effectively been practicing its role as a capital mobilising channel and contributing to the restructure of the State owned enterprise," he added.

Bond auctions and additional share issues have brought in around VND300 trillion ($13.4 billion), up 7 per cent compared to 2014.

About 140 companies had their shares auctioned at the two exchanges in Ha Noi and HCM City. They collected VND11.671 trillion ($521 million), up 40 per cent for the number of the companies and 5 per cent for money collected. — VNS

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