Image Credits: Vietnamese VCCI
Hanoi Stock Exchange (HNX), VPS Securities JSC has once again emerged as the leader in brokerage market share for the third quarter of 2024, firmly establishing its position atop both the HNX and UPCoM trading platforms. Despite experiencing a 3.02 percent dip in market share compared to the previous quarter, VPS has managed to maintain an impressive 21.18 percent market share, underscoring its robust presence in Vietnam’s evolving financial landscape.
The latest report illustrates a dynamic shift in the brokerage rankings, with notable changes from the second quarter. While VPS Securities held steady at the pinnacle, other firms witnessed varying fortunes. APG Securities JSC climbed to the seventh position, while Bảo Việt Securities JSC (BVSC) made its mark at ninth. In contrast, both Vietcombank Securities Company and FPT Securities JSC, previous fixtures in the Top 10, have dropped out of this competitive sphere in Q3.
BIDV Securities JSC made a notable advance, rising two spots to secure sixth place, while Mirae Asset Securities JSC experienced a slight setback, slipping down to eighth. The collective market share of the Top 10 brokers has seen a decline, totaling 64.57 percent in this quarter, compared to 67.43 percent in the previous one.
On the UPCoM front, VPS Securities not only retained its dominance but also expanded its market share by an impressive 2.61 percentage points, reaching a commanding 30.77 percent. The UPCoM rankings have also seen significant adjustments; Vietnam Construction Securities JSC and MB Securities JSC both moved up one rank, while VNDirect Securities Corporation fell two spots to fifth. Hồ Chí Minh City Securities Corporation (HSC) experienced a minor decline, losing 0.48 percent in market share and dropping one rank.
Mirae Asset Securities made a noteworthy entrance into the Top 10 at ninth place, boasting a 3.06 percent market share, while BIDV Securities unfortunately fell out of the rankings altogether. The collective strength of the Top 10 on the UPCoM now stands at 72.97 percent, an increase from the 70.35 percent recorded in the preceding quarter. This evolution reflects not only the competitive nature of Việt Nam’s brokerage market but also the strategic maneuvering by firms seeking to capitalize on emerging opportunities.