Top 10 Securities Firms Account for 57 per cent Brokerage Market Share

Saigon Thuong Tin Commercial Joint Stock Bank’s Securities Company (SBS) said in its recent research that the ten biggest securities companies in Vietnam were holding a combined 57 per cent of market share in brokerage of share and fund certificates in the first ten months of this year.

 

Saigon Securities Incorporation (SSI) took the lead in the brokerage market share, with 14.5 per cent, followed by Bao Viet Securities Co. (BVSC) with 7.9 per cent, ACB Securities Co. (ACBS) with 6.1 per cent, Vietcombank Securities Co. (VCBS) with 5.7 per cent.

 

SBS said the remaining 88 securities firms, in the total of 98 ones operating in the country, made up only 43 per cent of the market share of brokerage, indicating that small and medium-sized stock brokers are facing great challenge, particularly in the context of economic difficulties and stock market collapse.

 

Number	Securities Firms	10 months			Share + fund certificate (in 10 months)
		Shares	Fund certificates	Bonds
1	SSI	14 per cent	12 per cent	18 per cent	14.5 per cent
2	BVSC	8 per cent	7 per cent	4 per cent	7.9 per cent
3	VCBS	6 per cent	9 per cent	53 per cent	5.7 per cent
4	ACBS	6 per cent	7 per cent	1 per cent	6.1 per cent
5	TSC	5 per cent	5 per cent	1 per cent	4.8 per cent
6	SBS	5 per cent	9 per cent	2 per cent	4.7 per cent
7	HSC	4 per cent	2 per cent	1 per cent	4.4 per cent
8	BSC	4 per cent	2 per cent	6 per cent	3.5 per cent
9	AGS	3 per cent	3 per cent	1 per cent	2.8 per cent
10	FSC	3 per cent	4 per cent	0 per cent	2.6 per cent

 

In a recent report of the Investment Analysis Division under APEC Securities Co., analysts said the revenues from the monthly stock brokerage service of every securities firm is VND539 million, while the expenses they have to pay monthly are around VND1.5 billion - VND2 billion.

 

They noted that only 20 securities firms with the biggest operation scales and greatest efficiency will be able to survive in the current gloomy market. (Securities Investment)