Nearly 130,000 individual stock market accounts opened in October

After falling for two months, the number of new individual stock market trading accounts has begun to rise again, with 129,564 opened in October.

The number was a 13 per cent increase compared to September, according to the Vietnam Securities Depository. In the first ten months of the year there were nearly 1,085,645 new accounts opened by individual investors, or 2.8 times the number in 2020.

The number of individual stock market accounts opened by foreign investors in October reached 371, the most since May, while the number of foreign institutional accounts increased by only 30.

The increasing number of domestic individual investors pouring money into the stock market explains the recent strong price movements, especially in small and medium-sized stocks, as well as the general upwards trend of the VN-Index. Of note, the market continually posted record increases in liquidity last week, while the proportion of foreign investor transactions slid downwards.