Vietnam’s Broker Stocks Get a Boost as Retail Trading Revs Up
- Shares of some securities firms have risen multifold this year
- Brokerage names are a good proxy for the nation’s growth: AFC
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A dizzying rally in Vietnamese brokerage shares this year is likely to continue as lower domestic borrowing costs boost retail participation in the stock market.
Some broker stocks have risen multifold, making them among the best performers on the benchmark Vietnam Stock Index, which is up some 20%. SSI Securities Corp., the country’s second-biggest brokerage, has more than doubled, while VNDirect Securities Corp. surged 87% through Wednesday’s close.