Domestic investors open less than 100,000 new accounts in first two months
Newly opened accounts in February increased by nearly 28,000 on-month to January, but they were still low compared to the average level of the past two years, according to data from the Vietnam Securities Depository (VSD).
Investors at a trading floor of Bao Viet Securities Company.(Photo: VNA)
Hanoi (VNS/VNA) - Newly opened accounts in February increased bynearly 28,000 on-month to January, but they were still low compared to theaverage level of the past two years, according to data from the Vietnam SecuritiesDepository (VSD).
In February, domestic retail investors opened 63,731 new accounts andinstitutional investors opened 133 new accounts.
In the first two months of the year, domestic investors opened a total of lessthan 100,000 new accounts. At the end of February, the total number of domesticretail investor accounts reached 6.94 million accounts.
After a surge from 2021 to the first half of 2022, the influx of new investorshas slowed down significantly.
Liquidity, therefore, decreased gradually for the fourth month in a row. InFebruary, the average matching value on the Ho Chi Minh Stock Exchange (HoSE)was only about 8.6 trillion VND per session, down 10% month-on-month. Thefigure continued to decline sharply to only about VNĐ6.5 trillion per sessionsince the beginning of March.
The drop in liquidity was partly due to a reduction in foreign investors'transactions after a period of fast and strong buying. In February, foreigninvestors net sold 640 billion VND on HoSE. The trend continued in the firstfew days of March.
Last month, foreign investors opened 176 new accounts, a sharp increase from112 in the previous month. Specifically, retail investors opened 151 newaccounts while institutional investors opened 25 new accounts in the pastmonth. At the end of February, there were a total of 43,029 accounts belongingto foreign investors./.
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Investors at a trading floor of Bao Viet Securities Company.(Photo: VNA) 
