Brokerage market share in Quarter I / 2019: 1st place belongs to SSI
(April 3, 2019) The ranking list of the top 10 stock and fund certificates brokerage market shares for the first quarter of 2019 has just been released
(April 3, 2019) The ranking list of the top 10 stock and fund certificates brokerage market shares for the first quarter of 2019 has just been released by Ho Chi Minh Stock Exchange (HOSE). Leading the ranking is SSI Securities Corporation (HOSE: SSI).
SSI has always been a familiar name in the charts of market share of stock and fund certificates brokerage. 2018 is the 5th consecutive year that SSI leads the brokerage market share in the whole year on HOSE and HNX, respectively at 18.7% and 11.89%. Generally on both stock exchange department, SSI market share is also leading all market, reaching 17.44% - an increase of 2.18% compared to 2017, particularly the brokerage market share of Foreign Customers reached 25.25% - an increase of more than 20%.
With the first quarter rankings of 2019, SSI continues to be the leading name in market share with 14.54%, two remaining positions in the Top 3 closely follow each other with 10.82% and 10.05%, this result further affirms SSI's Number 1 securities company position.
By the end of 2018, SSI managed more than 153,000 accounts, accounting for 7% of the total number of Investor accounts in the market. Including 26,919 new accounts opened during the year. Outstanding loans for margin increased from VND 5,764 billion at the beginning of 2018 to VND 5,966 billion at the end of 2018, at the largest scale of the market, with a record of the year reaching over VND 7,043 billion. The strong growth in the number of accounts represents a diverse customer development strategy and a key market with many customer segments.
In 2018, SSI also continued to expand its network in key areas in Ho Chi Minh City with 02 new transaction offices, August Revolution and Nguyen Huu Canh. The company also renovated and upgraded trading facilities, trading systems, ensured professional SSI image and facilitated convenient transactions for Investors.
Besides, in order to best serve our clients, SSI applies a strategy of investing in quality of brokerage personnel. At the end of 2018, the number of brokers increased from 479 to 566 with a very rigorous recruitment and trial evaluation process, focusing on ethical, professional and passionate factors at work.
Mr. Bui The Tan - Director of Retail Brokerage Division - SSI Securities Corporation said: “The fact that SSI continues to be trusted by investors shows the reputation and reliable status of the company, regardless of market movements, and this is also the result of the serious and methodical investment focused on developing product and service quality, analytical reports, upholding sustainability criteria, always on the side of customers' interests, constantly expanding transaction network and developing a team of brokerage staffs with professional qualifications and ethics.”
By the end of the first quarter of 2019, the VN-Index increased by 9.88% compared to the beginning of the year, from 892 to 980 points, in the context that the first quarter economy continued to maintain the growth momentum (GDP in the first quarter increased by 6.79% compared to the same period of 2018) showing that the similarity of the stock market and the economy has gradually returned. The experts forecasted that many industry groups will continue to grow strongly in 2019, typically including consumer retail and ports (up over 30%); textiles, securities, banks (up about 20%) … showing many optimistic signals.
Of course, the market situation in 2019 will still be challenging, but with the business efforts of businesses, the expectation of new developments in policy ...Of course, the market's movements in 2019 will still be challenging, but the business efforts of businesses, the expectation of new developments in policies ... will also motivate all securities companies, including SSI, and bring the stock market in general and investors in particular many favorable opportunities for development.
With continuous efforts to improve the quality of products and services, SSI is always one of the typical names of Vietnam at prestigious financial awards in the country and around the world. Won 22 categories at the most prestigious award: Asiamoney Brokers Poll 2018, Won the "double" of two awards: “Best Investment Bank” and “Best ECM House” voted by FinanceAsia at the end of May 2018, won “Best Bank in Vietnam for Equity Finance for Real Estate services” awarded by Euromoney in September 2018, 3 awards at The Asset Triple A Country Awards 2018, including: “Best corporate and institutional adviser – Domestic”, “Best Brokerage” and “Best IPO”, TOP50 of the best listed companies in Vietnam, TOP40 of the most valuable brands in Vietnam, TOP1000 of the largest enterprises paying corporate income tax, Top 500 of the most profitable enterprises in Vietnam ... and many other prestigious awards
About SSI Securities Corporation (HOSE: SSI)
SSI Securities Corporation (SSI - HOSE) - established in December 1999 - is one of the pioneer companies at Vietnam stock market. Over 18 years of operation, SSI has become the largest financial institution in the market with a chartered capital of VND 5,100 billion, operating in major financial services including Retail Securities Services, Institutional Securities Services, Asset Management, Investment Banking, and Treasury. In 2018, SSI lie within the list of private and listed securities companies with Top highest scale of capitalization, total assets, profit as well as profitability of ROE in ASEAN region.