Thursday, September 28, 2023 9:36:48 PM - Markets open
VN-INDEX 1,152.43 -1.42/-0.12%
HNX-INDEX 234.50 -1.34/-0.57%
UPCOM-INDEX 88.44 -0.29/-0.33%
New securities account openings in March lowest in two years
Vietnam News - 4/14/2023 4:14:32 PM
 (0 ratings. You must sign in to rate.)
The number of newly-opened securities accounts in March plunged to the lowest in the past two years, marking the sixth consecutive month the market did not record more than 100,000 new accounts, according to the Việt Nam Securities Depository (VSD).
This number is very low compared to the peak period, which saw between 200,000 and 450,000 accounts opened per month.
Although the rate of opening new accounts has slowed, Việt Nam's stock market still shows great potential with more than seven million securities accounts, equivalent to about 7 per cent of the population. This number far exceeds the target of 5 per cent of the population investing in securities by 2025, under the Government’s scheme to restructure the securities and insurance markets.
However, there will be cases where a person has multiple securities accounts and also there are new accounts opened but have recorded no transactions.
The domestic cash flow in the market still shows signs of returning. This capital inflow actually contributed significantly to the excitement of the market, amid the context that foreign investors are net selling a large amount of money.
According to the SSI Securities JSC, the Vietnamese stock market is showing a fairly strong foundation as it rebounded by 3.9 per cent in March and ended the first quarter with a growth of 5.7 per cent on the VN-Index.
This positive trend is led by measures to address economic difficulties and financial market challenges, as well as positive news of the market.
The market welcomed two interest rate cuts by the State Bank of Việt Nam in mid and late March, which sent a strong message about the need to reduce interest rates to support economic growth. These are seen as highly flexible steps by the Government, given the macro-economic challenges in the first quarter.
According to the SSI, the profits of several listed companies may still not be enough to help them escape the trend of decline compared to the same period last year. It will be a factor that prevents VN-Index from making strong breakthroughs in the short term. — VNS
Read original article here
Newer News
20/09 Market rebounds, ending two-day losing streak
18/09 Share to witness slower gaining momentum this week
15/09 SSC to prohibit the use of automated order placement
13/09 Shares gain ground on the back of large-caps
09/09 Market ends mixed on the return of foreign investors
09/09 ETFs report strongest monthly net withdrawal value in August
31/08 Stock market to regain growth momentum in H2
30/08 Huge investment opportunities on UpCOM
30/08 Shares extend gains on the back of pillar stocks
30/08 More room for IT stocks to grow further
Older News
13/04 Benchmark indices ended flat on realty stocks
12/04 Multiple businesses forced to delist on HoSE
12/04 Realty stocks surge, rescuing the VN-Index from a fall
10/04 Stock market's prospect remains bright: SSC
07/04 Shares drop on large-caps’ fall
04/04 Market rallies on SBV's policy rate cuts
03/04 Market lifted by central bank's pivot signal: expert
01/04 VN-Index inks March's last session in blue with ninth straight gaining session
29/03 Many factors support foreign capital flow
28/03 VN-Index extends its long winning streak
Newsletter Signup
Top Stories
SSC to prohibit the use of automated order placement
Shares gain ground on the back of large-caps
Market expected to perform positively on Biden's visit
Stock market to regain growth momentum in H2
CPI increases 0.88 per cent in August
Market Update
Last updated at 3:05:03 PM
VN-INDEX 1,152.43 -1.42/-0.12%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.