HOSE sees plummeting deal value

Tuesday, Apr 14, 2015 08:00

Last year, listed companies (there were 305 companies but sufficient data was collected from only 254 of them) posted a 15.64 per cent increase in turnover and a 8.1 per cent growth in net profit. — Photo bizLIVE

HCM CITY (Biz Hub) — The number of securities transactions and the deal value in the first quarter at the HCM Stock Exchange fell to the lowest levels since the first quarter of 2014, according to statistics provided by the exchange.

Almost 5,600 million securities changed hands, compared to around 8,400 million units in the fourth and third quarters last year. The figure was more than 6,000 million in the second quarter and 7,700 million in the first quarter in 2014.

The total value of transactions was VND97.236 trillion (US$452 million) during the first quarter, almost equal to the figure of the second quarter, but down from more than VND152 trillion in the third and fourth quarter of last year. The same period in 2014 totalled more than VND131 trillion.

Last year, listed companies (there were 305 companies but sufficient data was collected from only 254 of them) posted a 15.64 per cent increase in turnover and a 8.1 per cent growth in net profit.

Their average return on asset (ROA) ratio was 2.27 per cent, down by over 5 per cent from 2013.

Their return on equity (ROE) ratio was 18.85 per cent, up 0.8 per cent from the previous year.

Saigon Securities Inc. (SSI) ranked first among 10 leading brokerage houses with a market share of 12.24 per cent, followed by HCM City Securities Company (HSC) with a market share of over 11 per cent. Ban Viet Securities Company was third with 7.78 per cent. — VNS

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