VNDS has biggest share of 2018 derivatives market

January 15, 2019 - 16:31

VNDirect Securities Corporation (VNDS) had the biggest market share out of futures brokerages on the derivatives market in 2018, according to the Hà Nội Stock Exchange (HNX).

Investors at a trading house of VNDirect Securities Corporation. — Photo thuonggiaoonline.vn

Viet Nam News

HÀ NỘI — VNDirect Securities Corporation (VNDS) had the biggest market share out of futures brokerages on the derivatives market in 2018, according to the Hà Nội Stock Exchange (HNX).

The company occupied nearly 24 per cent of the derivatives market.

It was followed by HCM City Securities Corp (HSC) with 22.4 per cent, MB Securities Corp (MBS) with 16.57 per cent, Saigon Securities Inc (SSI) with 14.53 per cent and VPBank Securities Corp with 13.61 per cent.

VNDS topped the derivatives exchange in terms of futures contract brokerages in the first half of 2018, but ranked second over the remaining six months of the year.

Eight other brokerage companies which have the largest market shares include BIDV Securities Corp (BSC), Viet Capital Securities Corp (VCSC) and Vietcombank Securities Corp (VBSC).

In 2018, VNDS ranked fourth on the Hồ Chí Minh Stock Exchange (HoSE) in terms of market share for stock and fund certificate brokerages and sixth for bond brokerages.

On HNX and the Unlisted Public Company Market (UPCoM), VNDS ranked second in both categories.

In the first 11 months of 2018, the company earned VNĐ1.45 trillion (US$62.4 million) in revenue, up 14 per cent year on year.

VNDS has listed more than 220.4 million shares on HoSE with the code VND. Its shares closed down 2.4 per cent at VNĐ16,000 ($0.69) per share on Tuesday. — VNS

Tags Vietnam derivatives Vietnam News market share brokerage news VnDirect Securities futures contract

Việt Nam Regional Specialities Fair 2024 starts in Hà Nội

Economy

VN's food processing industry struggles to improve quality and value chain integration

Economy

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

Economy

New decree on using telecommunications accounts for payment proposed

More on this story

Economy

Japanese firms see Việt Nam as top investment destination in Asia

Japanese firms consider Việt Nam the most attractive investment destination in Asia due to the country’s high economic growth, its position as a production hub and its large consumer market, according to a News Network Asia (NNA) survey conducted from November 26 to December 9, 2018.

Economy

Credit growth moderation positive for Viet Nam’s banks: Moody’s

A moderation in Vietnamese banks’ credit growth is a positive for their asset quality and capitalisation, Moody’s Investors Service said in a recent report.

Economy

Việt Nam learns from Germany’s experience in budget, tax management

A delegation of the Vietnamese National Assembly’s Finance-Budget Committee led by Chairman Nguyễn Đức Hải has paid a visit to Germany to learn from the country’s experience in State budget and tax management.

Economy

Đà Nẵng calls for investment to build tram line

The central city of Đà Nẵng has called for investment from Singapore to build a 33km tram line connecting the city and Hội An by 2025, vice chairman of the city’s People’s Committee Đặng Việt Dũng said in a working session with Tan Keng Hwee Seth, Executive Director of Infrastructure Asia (IA) of Singapore.

Economy

HCM City traditional markets report beginning of Tết sales

With the Lunar New Year approaching, demand for dried foods and confectionary is surging in HCM City’s traditional markets.

Economy

Plan to improve FDI attraction under discussion

The assessment of Foreign Direct Investment (FDI) attraction must be realistic and systematically in order to tackle shortcomings and meet new domestic and global context, said Deputy Prime Minister Vương Đình Huệ.

Economy

Banks expected to maintain good performance in 2019

A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Việt Nam’s survey released late last week.

Economy

PV Power shares jump 4%

PetroVietnam Power Corporation (PV Power) shares jumped 4.7 per cent following the company’s debut on the Hồ Chí Minh Stock Exchange (HoSE) on Monday.

Economy

Sacombank makes QR code strides

Sacombank and Japan’s JCB International Co., Ltd on Monday (January 14) signed an agreement to deploy the latter’s QR code payment system and launch the Sacombank JCB platinum debit card.