SSI Securities Corporation’s revenues and profits reached VND1.47 trillion (US$62.2 million) and VND289 billion ($12.29 million) in the fourth quarter of last year.
An SSI branch in HCM City. The company achieved profits of VND2.1 trillion ($89.3 million) in 2022. — Photo courtesy of SSI
SSI Securities Corporation’s revenues and profits reached VND1.47 trillion (US$62.2 million) and VND289 billion ($12.29 million), respectively, in the fourth quarter of last year.
Full-year revenues and profits were VND6.5 trillion ($276.73 million) and VND 2.1 trillion ($89.3 million), respectively.
Brokerage fetched VND679 billion in Q4 and VND3.56 trillion for the year, revenues from investment were worth VND563 billion in Q4 and VND2.06 trillion by year-end. Revenues from principal investment and treasury were worth VND169 billion and VND635 billion.
Fund management fetched revenues of VND165 billion for the year.
As of December 31, 2022, SSI has total assets of VND52.23 trillion ($2.22 billion).
The company deployed a series of advisory programmes for customers last year. — VNS
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.
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).
Despite their active participation, a large portion of these investors found themselves chasing stocks at their peak rather than succeeding in the market.
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.
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.