VSDC responds to the stock market losing nearly 400,000 accounts

The number of investor trading accounts decreased from 7,820,000 accounts at the end of September 2023 to 7,450,000 accounts by the end of October 2023, a decrease of nearly 378,000 accounts.

Specifically, the number of domestic trading accounts reached 7,400,592 accounts, of which, individual investor accounts were 7,384,707 accounts; institutional investor accounts were 15,885 accounts.

On the same day, October 31, 2023, the number of foreign trading accounts reached 44,952 accounts, of which, individual investor accounts were 40,429 accounts; institutional investor accounts were 4,523 accounts.

In October 2023, the total number of newly opened accounts was 167,659 accounts and the number of closed accounts was 545,386 accounts, of which the number of closed accounts was the most at MB Securities Joint Stock Company (MBS) with 543,753 accounts.

Through discussion with MB Securities (MBS), VSDC said: MBS is in the process of reviewing the list of accounts opened at MBS and proactively closing previously opened accounts, but with no transactions.

Some securities experts commented: The decrease in the number of securities accounts in October 2023 was due to member units proactively reviewing account registration to have more accurate figures. The decrease in the number of securities trading accounts may come from securities data cleaning activities. User data cleaning aims to compare user information to ensure consistency and eliminate incorrect, duplicate or virtual data.