SSI has had 5 consecutive years leading the brokerage market share for the whole year

(January 5, 2019) Ho Chi Minh City Stock Exchange (HOSE) has just announced the Top 10 securities companies with the largest market shares of stock and

Back
SSI has had 5 consecutive years leading the brokerage market share for the whole year

07/01/2019

(January 5, 2019) Ho Chi Minh City Stock Exchange (HOSE) has just announced the Top 10 securities companies with the largest market shares of stock and fund certificates in 2018 and the fourth quarter of 2018. With this list, SSI has officially had 5 consecutive years leading the year market share list.

SSI đã có 5 năm liên tiếp dẫn đầu thị phần môi giới cả năm

From the beginning of the year until now, Vietnam stock market has experienced many ups and downs when surging strongly in the first 4 months. VN-Index surpassed its historical peak and set a record level of 1,211 points on April 10, 2018. However, from this new peak, in just 8 months, Vietnamese stocks fell sharply and became the 9th deepest dropped market in the world. Ending the last session of 2018, the VN-Index stopped at the level of 892.54 points, down 91.7 points - equivalent to -9.32% compared to the end of 2017.

The stock market has been "out of step" in the context of Vietnam's economy having the strongest growth rate of 10 years due to many objective reasons such as the trade tension between the US and China, as well as the trend of speeding up the normalization of interest rates of central banks across the globe ...

The highlight of the market is the size and market liquidity continue to grow strongly. Specifically, the size of the stock market capitalization reached nearly VND 3.9 million billion, up 10.6% compared to 2017, equivalent to 70.2% of GDP in 2018, exceeding the target of 70% of GDP in Strategy for development of Vietnam's stock market in the 2011-2020 period. The average trading value of shares reached 6,500 billion VND / session, an increase of 29% compared to 2017. Specially, foreign indirect investment still reached USD 2.8 billion, basically equal to the record level USD 2.9 billion of 2017. The portfolio value of foreign investors is estimated at over 32.8 billion USD.

In that general context, SSI continued to have the 5th consecutive year leading the brokerage market share and fund certificates on HOSE. For the whole year of 2018, SSI's share of stock and fund certificates reached 18.7%, which is also the highest overall rate in the last 5 years.

Although the general context of the market in 2018 is still difficult, however, with the potential and prestige available, with the trust of investors, the company still recorded the growth in the number of customers. Up until December 31, 2018, SSI has managed 153,256 accounts, including 151,333 individual accounts and 1,923 organizational accounts.

SSI always focuses on transparency and honesty on the basis of taking the interests of the parties as the foundation and there are no significant incidents, therefore having the trust of the investors. "Customer centered" has always been the guiding principle in the company's activities throughout the years of operation. Therefore, investor confidence in SSI has also grown, steadily developed over the years. Besides, the trust of investors is the most obvious answer to SSI's efforts in investing enthusiastically and methodically in the quality of products, services, and analytical reports - encourage investment opportunities, as well as improve the quality and number of company personnel.

In this list, in addition to the Market Share of the year, HOSE also announced the Top 10 Market share of Stock Brokage and Fund Certificates in the fourth quarter of 2018. Accordingly, SSI's market share has decreased slightly from 15.79% to 14.99% (down 0.8% market share, equivalent to 5.07% - the lowest reduction compared to other companies), ranked at number 2 in the list. This quarter decline of market share was due to the market transaction value contributed by large agreement transactions, taking high total value traded on HOSE.

SSI representative said “We always aware that, in the future, the market will have many changes, especially when the upgrade ranking goal has become very clear. As an inevitable rule, the movement of the market will also make the race between securities companies in gaining trust from customers will become increasingly fierce. Securities companies today are more aware in fostering the quality of human resources, service quality, and reporting quality. On the other hand, we will continue to focus on long-term sustainable development strategies by expanding the number of customer segments and diversifying products and services to suit each segment. As a leading securities company, SSI will make every effort to maintain its position as well as the trust of our customers in the upcoming development stage to take further steps, a longer-term strategy, a broader vision, worthy of a pioneer role, carrying out the mission of leading with a vision throughout "The business of success"

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.

On December 18, 2018, the company officially changed its name from "Saigon Securities Incorporation" to the new name "SSI Securities Corporation" - unifying the company name with the abbreviation and stock code issued in the market. This is considered a necessary change, helping investors, especially foreign investors, easily identify the company's brand, in the context that SSI is one of the 40 most valuable brands in Vietnam, valued at USD 30.8 million. On the other hand, showing a professional image, aiming for further and greater development of the company in the future, not only in Vietnam market but also in the region as well as around the world.

SSI