Securities companies report record profits

Securities companies reported huge revenues and profits last year on the back of impressive growth by the stock market.

Securities companies report record profits on the back of impressive growth by the stock market. — Photo courtesy of VCSC

Securities companies reported huge revenues and profits last year on the back of impressive growth by the stock market.

SSI Securities Corporation achieved revenues and pre-tax profits of VND7.77 trillion (US$342 million) and VND3.33 trillion ($146.57 million), increases of 71.7 per cent and 112.6 per cent from 2020.

Viet Capital Securities reported profit before tax of VND1.85 trillion ($81.43 million) on net revenues of VND 3.73 trillion ($164.18 million), 95 per cent and 115 per cent up.

Viet Dragon Securities Corporation said its revenues were 123 per cent up at nearly VND1.04 trillion and pre-tax profit wasVND 534.9 billion, 185 per cent up.

Agribank Securities Corporation and KB Securities Vietnam JSC and Tecom Securities also reported higher profits.

Despite being affected by the COVID-19 pandemic, the stock market saw a record year. The VN-Index repeatedly rose to new highs, market capitalisation rose sharply, liquidity continued to rise after starting in 2020, and the number of investors exploded.— VNS

  • Share:

see also

Market ends week with sharp fluctuations

Market ends week with sharp fluctuations

Market breadth was decidedly negative, with 250 declining stocks, compared to 68 advancing. Trading value on the southern bourse increased significantly to approximately VNĐ11.2 trillion (US$440.1 million), a 49.3 per cent rise from the previous session.
SeABank receives approval to transfer 100% stake in PTF to AEON

SeABank receives approval to transfer 100% stake in PTF to AEON

The regulatory approval comes over a year after SeABank and Aeon Financial signed a capital transfer agreement for PTF, valued at VNĐ4.3 trillion (approximately US$181 million).
Retail investors net buy over 3 billion on stock market last year

Retail investors net buy over $3 billion on stock market last year

Despite their active participation, a large portion of these investors found themselves chasing stocks at their peak rather than succeeding in the market.
Market declines as liquidity hits lowest level since March 2023

Market declines as liquidity hits lowest level since March 2023

Trading liquidity plunged to approximately VNĐ7.5 trillion (US$295 million), marking a 26.5 per cent decrease compared to the previous session. This was the lowest level recorded since March 2023.
Listed firms strive to overcome challenges in 2024

Listed firms strive to overcome challenges in 2024

The stock market in 2024 witnessed the delisting of multiple companies, primarily due to three consecutive years of losses, or cumulative losses exceeding the actual contributed capital.