SSI will still hold the 2nd position in brokerage market share in 2024 on HoSE with a proportion of 9.18%, but significantly lower than in 2023 (10.44%). This is the largest market share decrease in this top 10.
HoSE brokerage market share in 2024: VPS retains the throne, SSI sharply narrows the "pie"
SSI will still hold the 2nd position in brokerage market share in 2024 on HoSE with a proportion of 9.18%, but significantly lower than in 2023 (10.44%). This is the largest market share decrease in this top 10.
Ho Chi Minh City Stock Exchange (HoSE) announced the market share of brokerage transaction value in the fourth quarter and the whole year of 2024. Accordingly, in the fourth quarter of 2024, the top 10 market shares remained the same as in the third quarter of 2024. VPS Securities Joint Stock Company maintained its No. 1 position in brokerage market share on the HoSE floor with 16.45%. However, this market share continued to decrease compared to 17.63% in the third quarter of 2024. This is also the third consecutive quarter of decline for this unit. Thus, VPS has maintained its leading position in brokerage market share on the HoSE floor for 16 consecutive quarters since the first quarter of 2021.
Compared to Q3/2024, the top 5 rankings did not change. SSI Securities Corporation continued to hold the 2nd position with a market share of 9.29%, up from 8.84% in Q3/2024. The market shares of the 3 positions following VPS and SSI all increased compared to the previous quarter. Of which, Techcom Securities Corporation (TCBS) reached 7.7%, Vietcap Securities Corporation reached 7.03%, and Ho Chi Minh City Securities Corporation (HSC) reached 6.75%. TCBS's market share increased the most in the top 10 with 0.61%.
Along with VPS, the market shares of VNDirect Securities Corporation and FPT Securities Corporation (FPTS) decreased compared to the previous quarter and reached 5.08% and 2.84% respectively. These two companies are holding the 7th and 10th positions on the ranking, respectively.
On the other hand, MB Securities Joint Stock Company (MBS)'s market share increased second after TCBS, reaching 5.16% (up 0.47%). The increase in market share helped MBS surpass VNDirect to hold the 6th position in the top 10.
Overall in 2024, VPS will still "monopolize" the leading position with a market share of 18.26%, down 0.8% compared to 2023. SSI will also maintain its 2nd position in market share in 2024 with 9.18% but down 1.26%. This is the largest market share decrease in the top 10 HoSE floors in 2024.
VNDirect recorded a market share decrease of 1.14% and only reached 5.87% in 2024. Although its "piece of cake" did not shrink as much as SSI, last year VNDirect was the securities company that dropped the most in rank, from 3rd to 6th in the top 10 brokerage market share on the HoSE floor. TCBS and HSC both jumped up to 3rd and 4th place with market shares of 7.18% and 6.41%, respectively. Notably, Vietcap's market share reached 6.08%, up 1.61% compared to 2023 and rose from 8th place to 5th place. The market shares of MBS, Mirae Asset (Vietnam) and KIS Vietnam all decreased compared to 2023. Vietcombank Securities Company Limited (VCBS) replaced FPTS to enter the top 10 in 2024 with 2.91% thanks to positive data in the first half of the year.
According to SSI, 2024 will continue to be a year of fierce competition between securities companies to attract and retain customers. In addition to free transactions, many securities companies also implement margin incentive programs and refunds to attract and retain customers. In addition, factors such as network security and product and service diversity are also factors that customers care about when choosing a securities company to trade. The market share picture in 2024 will also have many significant changes.
SSI added that in the final stages of 2024, in addition to deploying non-prefunding services for foreign institutional clients, SSI is also researching the provision of Direct Market Access ( DMA) services for hedge funds and quantitative trading funds to increase the market share of this group of clients who frequently trade. This securities company forecasts that although liquidity in the last days of the year is somewhat less vibrant, SSI believes that 2025 will open up many new opportunities for the stock market.
Source: https://baodautu.vn/thi-phan-moi-gioi-san-hose-nam-2024-vps-giu-ngoi-vuong-ssi-thu-hep-manh-mieng-banh-d239652.html
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