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NEWS UPDATES Asean Affairs        7 January 2011

Top 2010 Vietnamese brokerages announced

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Saigon Securities Inc (SSI) held the largest fourth quarter brokerage share in the HCM City Stock Exchange in 2010, according to a report issued by the HCM City Stock Exchange this week. The report showed that SSI accounted for 11.6 per cent of the market, beating Thang Long Securities (TLS), the market leader in the three previous quarters, by 3.2 per cent.

In second place was HCM City Securities (HSC), with 8.71 per cent, followed by TLS with an 8.4 per cent market share - a decrease of nearly 3 per cent from the third quarter.

VPBank Securities made the top 10 brokerages for the first time in the fourth quarter, coming in seventh, along with the return of Kim Eng Viet Nam Securities and Bao Viet Securities in eighth and ninth, respectively.

Despite being downgraded to third place in the fourth quarter, TLS finished top for the whole of 2010 in the HCM City market. The company accounted for 10.04 per cent of the brokerage market share; followed by SSI, with 8.9 per cent and HSC, with 7 per cent.

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