Security 65

Data released recently by the HCM Stock Exchange (HoSE) shows that VPS’s market share has increased by 2.4 percentage points quarter-to-quarter. Despite SSI Securities Corporation’s market share growing by 0.24 percentage points in Q1, it has finished in second place with an 11.89 percent market share. It had held the top position for 8 consecutive quarters until now. Ho Chi Minh City Securities Company (HSC) took the third place with an 8.23 percent market share, followed by VNDIRECT Securities with 7.46 percent, and Viet Capital Securities (VCSC) with 5.62 percent. Those lower on the ladder, such as South Korea’s Mirae Asset, MB Securities, Techcom Securities, FPT Securities and BIDV Securities Company, held market shares of around 3.25-4.41 percent. The fact that SSI Securities Corporation was dislodged from the top position shows that there is fierce competition among securities firms. Nguyen Hong Nam, CEO of SSI Securities Corporation, said competition was necessary for the development of the market. He added that while market share was an important factor to evaluate a company, but it is not the only one. Vietnam’s top 10 securities companies held 65.23 percent of the market share this quarter, up 0.15 percentage points over Q4 2020. …

[Read more...] about VPS Securities emerges leading brokerage by market share

The figure broke the record of 86,017 set in January , according to the Vietnam Securities Depository (VSD). The stock market saw nearly 258,000 new trading accounts opened in the first quarter, accounting for 65 percent of the figure recorded in 2020 as a whole. This took the total number of accounts to nearly 3.02 million as of last month, equivalent to 2.8 percent of Vietnam's population. The SSI Securities Corporation said Vietnam’s stock market has experienced a special quarter, reaching the 1,200-point threshold three times. The market had suffered its sharpest decline in history on January 28 as a result of panic selling after new community transmissions of Covid-19 were reported. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) fell 73.23 points, or 6.67 percent, to close at 1,023.94 points. However, the market quickly recovered to 1,191.44 points by the end of the March 31, increasing 7.93 percent from the beginning of the year. With most banks capping deposit interest rates at around 5.6 percent, compared to 7 percent in early 2020, investors have turned to securities as a better income generating alternative. With the stock market booming, individual investors are flocking to open trading accounts, many without any previous experience. The government targets having 3 percent of the population participating in equity markets by the end of this year and 5 percent by 2025 under its Scheme for Restructuring Securities and Insurance Markets, which it finalized in early 2019. …

[Read more...] about New securities trading accounts reach record high

TOKYO -- Japan began COVID-19 vaccinations for its sizable elderly population on Monday, with imported doses still in short supply and the pace unlikely to stop a fourth wave of infection. Shots for people aged 65 and above began at some 120 sites across the country, using Pfizer Inc’s vaccine made in Europe and delivered to the regions in the past week. Just 2,810 people in Tokyo are expected to get a shot from the first batch, while most regions will receive 1,000 doses or fewer, according to a health ministry schedule. Japan has a rapidly ageing population totalling 126 million. Touring a vaccination center in Hachioji, west of Tokyo, Prime Minister Yoshihide Suga said he expected to secure some 100 million vaccine doses by the end of June, more than enough to give two doses to the elderly population of 36 million. “We would like to deliver (the vaccines) to as many people as possible as soon as possible,” Suga said. Tokyo on Monday began a month-long period of quasi-emergency measures to blunt a fourth wave of contagion driven by virulent mutant strains and with the planned start of the Summer Olympics just over 100 days away. Shots for the general populace are not likely to be available until the late summer or even winter, too late to stem a resurgence of cases that appears to be focused on people in their 30s and 40s, according to Haruka Sakamoto, a physician and researcher at Keio University in Tokyo. “The currently available vaccination cannot prevent the fourth wave of the pandemic,” she said. “I think the younger generation is now going to be more greatly affected compared to the previous waves.” Japan was among the last major economies to begin COVID-19 inoculations when it started in mid-February, after domestic trials to ensure safety. Japan is dependent on Pfizer’s vaccine as the only COVID-19 shot approved by domestic regulators. About 1.1 million people in Japan, mostly frontline healthcare workers, have received at least one dose …

[Read more...] about Japan begins COVID-19 shots for over 65s as fourth infection wave looms