Stock trading triples in Q1

By Dat Nguyen   April 4, 2021 | 08:52 pm PT
Stock trading triples in Q1
Staff process documents for new investors at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Average daily trading on the Ho Chi Minh Stock Exchange surged 302 percent year-on-year in the first quarter to VND15.5 trillion ($674 million).

New investors continued to pour money into stocks seeking to profit from a bull market amid low bank deposit interest rates.

There were 2.88 million local stock trading accounts at the end of February, 21 percent up from a year earlier, according to the Vietnam Securities Depository.

The benchmark VN-Index has risen 180 percent since March 31 last year, and the charge continues this month as it repeatedly rises to new peaks.

Several sectors saw noticeable gains last month, with materials rising by 5.69 percent, finance by 5.55 percent and healthcare by 5.32 percent.

HoSE has 553 stocks listed with a combined market cap of VND4,460 trillion ($193 billion).

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