Newbies continue to flock to stock market
In this article (5)
The number of new stock trading accounts opened by retail investors in May topped 113,670, a new monthly record, according to the Vietnam Securities Depository.
May was the third month in a row in which more than 100,000 accounts were opened. There were 3.2 million retail accounts and nearly 12,000 belonging to organizations.
The invasion of the market by new investors took the total trading value on the Ho Chi Minh Stock Exchange (HoSE), Hanoi Stock Exchange, and Unlisted Public Companies Market to over VND531 trillion ($23 billion) in May.
HoSE accounted for VND448.5 trillion, a 19 percent increase from the previous month.
The boom has created pressure on the HoSE trading board, which had to shut down for the first time ever on Tuesday after the morning session as a surge in transactions threatened to overwhelm it.
Questions & Answers
Q.How many new stock trading accounts were opened by retail investors in May?
How many new stock trading accounts were opened by retail investors in May?
In May, retail investors opened 113,670 new stock trading accounts. This figure represents a new monthly record and marks the third consecutive month that over 100,000 accounts have been opened.
Q.What was the total trading value across Vietnam's stock exchanges in May?
What was the total trading value across Vietnam's stock exchanges in May?
The total trading value on the Ho Chi Minh Stock Exchange, Hanoi Stock Exchange, and Unlisted Public Companies Market exceeded VND531 trillion ($23 billion) in May, driven by new investors.
Q.Which stock exchange experienced a shutdown recently, and why?
Which stock exchange experienced a shutdown recently, and why?
The Ho Chi Minh Stock Exchange (HoSE) had to shut down for the first time ever on a Tuesday after its morning session. This was due to a surge in transactions threatening to overwhelm its trading board.
Q.How many retail and organisational accounts are there in total?
How many retail and organisational accounts are there in total?
There are 3.2 million retail accounts and nearly 12,000 accounts belonging to organisations. These figures reflect the total number of accounts, not just those opened in May.
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