VPS Securities tops three markets in Q3

October 08, 2020 - 06:35
VPS Securities JSC (VPS) in the third quarter had the largest bite of market share for stock broking on the Hà Nội Stock Exchange (HNX).

 

VPS Securities JSC's office. The brokerage firm has the biggest bite of market share on the HNX, UPCoM and derivatives market in the third quarter. — Photo cafef.vn

HÀ NỘI — VPS Securities JSC (VPS) in the third quarter had the largest bite of market share for stock broking on the Hà Nội Stock Exchange (HNX).

VPS topped the northern market with an 8.2 per cent market share. The company was followed by HDBank Securities (HDBS), SSI Securities (SSI) and VNDirect Securities (VNDS), which had 6.8-7.0 per cent market shares in the past quarter.

VPS ranked fourth in the second quarter with a market share of nearly 6.8 per cent while HDBS ranked sixth with a 5 per cent market share.

The top three securities companies in the second quarter were SSI, VNDS and Sài Gòn-Hà Nội Securities (SHS). SHS fell to sixth place in the third quarter as its market share was cut to nearly 5 per cent from 7.6 per cent.

UPCoM, derivatives market

On the Unlisted Public Company Market (UPCoM), VPS made a big jump to the top position as its market share rose to 19.9 per cent in July-September from 8.8 per cent in the April-June period.

SSI, VNDS and HCM City Securities (HSC) were the three companies following VPS in the table. Their market shares were 9.6 per cent, 9.57 per cent and 6.2 per cent, respectively.

These three companies’ third-quarter rankings were little changed from the previous three-month period.

On the derivatives market, which is managed by the HNX, VPS held onto its top position with a 52 per cent market share, up 0.87 percentage point from the second quarter.

HSC had the second largest market share (12.5 per cent) and VNDS ranked third with an 8.06 per cent market share.

The top four biggest companies on the derivatives market were unchanged from the second quarter.

VPS and HSC were also the two of five securities firms, each held more than 10 per cent market share on the government bond market in the third quarter. — VNS

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