Fewer investors opened new trading accounts in 2019

 

Screens show stock prices at Tân Việt Securities Co. The total number of domestic and foreign investors opening new accounts in 2019 dropped from the previous year. — Photo tinnhanhchungkhoan.vn

The number of new domestic trading accounts was about 187,800, an annual decline of 26 per cent, VSD reported.

The number of foreign investors opening new accounts was more than 3,920, a figure down 32 per cent year on year.

The drop of newly opened trading accounts indicated investors were not confident in the Vietnamese stock market in 2019.

Despite the benchmark VN-Index growing by nearly 8 per cent during the year, trading liquidity dropped sharply.

Average trading value on the Hồ Chí Minh Stock Exchange was VNĐ4.13 trillion (US$178 million) per day, down 26 per cent year on year.

Foreign investors net-bought a total of VNĐ6.62 trillion in HoSE-listed companies.

On the Hà Nội Stock Exchange, average trading value was VNĐ408 billion per day, down nearly 48 per cent on-year.

The total market value of the two stock exchanges was nearly VNĐ3.3 quadrillion at the end of 2019. — VNS