The Vietnamese securities market is experiencing notable changes in brokerage market share, as revealed by the latest rankings from the Ho Chi Minh Stock Exchange (HoSE) for the second quarter. VPS Securities continues to lead the market with a share of 12.61%, despite a decrease of 2.71 percentage points from the previous quarter. Following VPS, SSI Securities and TCBS Securities hold the second and third positions respectively.

In a surprising turn of events, Vietcombank Securities (VCBS) has dropped out of the top ten after briefly returning earlier this year. This has allowed Mirae Asset Vietnam Securities (MAS) to claim a spot in the rankings with a market share of 2.94%. Vietcap Securities (VCI) and Ho Chi Minh City Securities (HSC) maintain their positions at fourth and fifth place respectively.

The rankings from sixth to ninth place are occupied by MB Securities (MBS), VNDirect Securities (VND), VPBank Securities (VPBankS - VPX), and KIS Vietnam Securities. Notably, VPBankS has seen a significant increase in its market share, rising from 2.94% in the first quarter to 3.57% in the second quarter.

Overall, the rankings for the first half of the year remain unchanged compared to the second quarter. However, the gap between the leading VPS and second-place SSI is still substantial, at 2.98 percentage points. This shift in market share occurs amid declining market liquidity, with foreign investors continuing to sell off shares in June. According to HoSE, the average trading value on the market was over 18.419 trillion VND per session, representing a decline of more than 24% compared to the previous month. Foreign investors sold a net total of over 14.904 trillion VND in June alone, bringing the total net sell-off for the year to over 77.265 trillion VND by the end of June.