New securities accounts in July hit a five-month low, here’s why

, New securities accounts in July hit a five-month low, here’s why
  • The number of new securities accounts in July hit a five-month low of over 101,000 as mobility restrictions were imposed across major cities.
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This is a drop of 28 percent from June but still triple the monthly average last year, according to data from the Vietnam Securities Depository (VSD).

In the first seven months, nearly 721,000 new accounts were opened, which is higher than 2020 and 2019 combined.
Surging numbers of Covid-19 cases in July and strict social distancing in Hanoi and Ho Chi Minh City has stirred fear among investors and brought the benchmark VN-Index down by over 12 percent in July.

The index is now recovering on the back of ninth consecutive gaining sessions as of Thursday.

Finance ministry wants HCMC stock exchange to reduce trading lot size to 10, the Ho Chi Minh Stock Exchange should reduce the minimum trading lot to 10 shares since its overload issues have been resolved, the Ministry of Finance said.

HoSE had raised the standard trading lot to 100 in January to reduce the number of transactions after its trading system was overloaded for weeks due to a surge in the number of new investors.

But a new system developed by technology giant FPT, which has been used since July 5, has resolved these issues.

According to Vnexpress.

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