New stock trading accounts hit record high in March

Thursday, 2021-04-08 16:24:47
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The Vietnamese stock market records 113,875 new trading accounts in March 2021. (Illustrative photo)
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NDO – The number of new securities trading accounts opened by domestic individual investors stood at 113,191 in March, the highest monthly figure in Vietnam to date, according to the Vietnam Securities Depository (VSD).

The figure broke the previous record of 86,107 in January 2021. New accounts opened by foreign individual investors last month also reached a record high since May 2018, at 502.

During the month, collective investors opened 182 new accounts on the Vietnamese stock market, including 149 from domestic and 33 from foreign investors.

In the first quarter of the year, approximately 258,000 new accounts were opened, equivalent to 65% of the tally for the whole of 2020, bringing the total number of accounts in the market to nearly 3.03 million as of March 2021.

According to the SSI Securities Corporation, the Vietnamese stock market saw a buoyant quarter as the benchmark VN-Index closed at the milestone of 1,200 points not once but three times.

Notably, in Q1 2021, the VN-Index also witnessed a historic plunge of 6.67% or 73,23 points to 1,023.94 points – the strongest fall in Vietnam’s stock trading history. However, immediately afterwards, it promptly recovered and touched 1,191.44 points at the end of the March 31 trading session, up 7.93% compared with the beginning of the year.

Market liquidity also set a record with a series of sessions registering a trading value of more than VND15 trillion.