Tue. Mar 28th, 2023
By way of VNA  &nbspMarch 13, 2023 | 10:44 pm PT

An investor appears at inventory costs on a smartphone at a brokerage in Ho Chi Minh Town. Picture via VnExpress/Quynh Tran

Newly opened accounts in February greater via just about 28,000 on-month to January, however they had been nonetheless low in comparison to the common stage of the previous two years, in keeping with knowledge from the Vietnam Securities Depository (VSD).

In February, home retail traders opened 63,731 new accounts and institutional traders opened 133 new accounts.

Within the first two months of the 12 months, home traders opened a complete of not up to 100,000 new accounts. On the finish of February, the overall collection of home retail investor accounts reached 6.94 million accounts.

After a surge from 2021 to the primary part of 2022, the inflow of latest traders has bogged down considerably.

Liquidity, due to this fact, diminished steadily for the fourth month in a row. In February, the common matching price at the Ho Chi Minh Inventory Trade (HoSE) used to be simplest about VND8.6 trillion ($364.72 million)consistent with consultation, down 10% month-on-month.

The determine endured to say no sharply to just about VND6.5 trillion consistent with consultation for the reason that starting of March.

The drop in liquidity used to be in part because of a discount in international traders’ transactions after a length of speedy and robust purchasing. In February, international traders web offered VND640 billion on HoSE.

Supply By way of https://e.vnexpress.web/information/financial system/domestic-investors-open-less-than-100000-new-accounts-in-first-two-months-4581124.html

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