According to the Vietnam Securities Depository (VSD), domestic investors opened 86,269 new securities accounts in January this year. Of the newly-opened accounts, 86,000 belonged to individual investors. It is the month with the highest number of new securities trading accounts ever.
With a sharp plunge in the US stock market along with the high increase in the previous trading session, investors on Vietnam’s stock market focused on taking profit right from the beginning of the trading session, causing the benchmark to drop by nearly 5 points. However, the bottom-catching cash flow massively poured into the market, causing the VN-Index to rebound vertically, surpassing 1,130 points.
Commercial banks have been rushing to list shares on the stock exchange, not only because of the D-day but also because the wave of king stocks has returned. Many banking stocks have risen by 30-50 percent, and some stocks even have risen by 100 percent compared to the beginning of the year, prompting bank owners to take the opportunity to put their shares on the market.