Investors watch stock prices on an electric stock board at a securities company. — VNA/VNS Photo

HCM CITY — The Hồ Chí Minh Stock Exchange has announced the list of 10 leading securities companies in the third quarter of the year, with VPS Securities remaining in top spot with a 16.5 per cent market share.

SSI Securities Corporation remained second despite increasing its market share (11.58 per cent). It had held the top position for seven years until it was overthrown by VPS in the first quarter of this year.

VNDirect Securities Corporation remained in third place with 7.72 per cent.

Ho Chi Minh City Securities Company (6.79 per cent), Viet Capital Securities JSC (4.9 per cent), Techcom Securities JSC (4.81), MB Securities (4.45 per cent), Mirae Asset (Việt Nam) (3.94 per cent), FPT Securities (3.38 per cent), and KIS Vietnam Securities (2.98 per cent) made up the rest of the top 10.

In terms of bond brokerage, despite its market share reducing significantly from the preceding quarter, Techcom Securities JSC was still the largest bond broker with a 34.86 per cent market share, followed by Tiên Phong Securities Corporation and Tân Việt Securities Corporation with 21 per cent and 13.48 per cent, respectively.

The securities market yo-yoed through the third quarter with all indexes dropping sharply in July, the VN-Index recovering in August but again losing in September.

The VN-Index closed at 1,342 points on September 30, a decrease of 66.49 points or 4.72 per cent for the quarter.

The market capitalisation was nearly VNĐ5.13 quadrillion ($225.6 billion), up 2.3 per cent from the preceding month and equivalent to 81.59 per cent of the 2020 GDP.

Foreign investors were net sellers to the tune of VNĐ9.863 trillion ($434.4 million) during the quarter.

SSI Research said the selling was temporary and due to the unpredictability caused by the COVID-19 pandemic, while the significant appreciation of the VND against other currencies in the region affected fresh investment in Việt Nam. — VNS