Thursday, August 6 2020


Market booms, value of securities firms shoots up

Update: August, 07/2017 - 14:50
Viet Nam News

HÀ NỘI – Việt Nam’s booming stock market, recognised as one of the best performers in the world, has raised the value of many securities firms.

The benchmark VN Index on the HCM Stock Exchange has gained 18.6 per cent since the beginning of this year. On the Hà Nội Stock Exchange, the HNX Index has climbed 27.2 per cent in the same period.

Shares of securities companies have been on the investors’ favourite list, and many firms have seen their value doubling, and even tripling, in the first seven months of 2017. This impressive growth is largely owing to the companies’ positive business results.

As of August 4, the market value of 11 securities companies has exceed VNĐ1 trillion (US$44 million). The top four companies in the country are Saigon Securities Inc (SSI), Viet Capital Securities JSC (VCI), HCM Securities Corp (HCM) and VNDirect Securities JSC (VND).

SSI, valued around VNĐ13 trillion ($573 million), is the largest securities firm across all indicators, including charter capital, revenue and profit. Its share prices have climbed 30 per cent this year, and on Friday they were at VNĐ26,400 per share, which is lower than its peak of VNĐ28,600 a share on July 6.

Viet Capital Securities made its debut on the southern bourse on July 7, and has already joined the trillion-đồng club at a market value of VNĐ7.3 trillion. The company’s share price rose by 5 per cent in a month and has touched VNĐ60,000 apiece, the highest among securities shares.

The share value of HCM Securities, valued at VNĐ5.7 trillion, has risen 60 per cent after the company revealed that it is raising its foreign ownership limit to 100 per cent. Its shares are at nearly VNĐ48,000 per unit.

Ranking in the fourth place in terms of market capitalisation at VNĐ3.6 trillion, the shares of VNDirect Securities have leapt 90 per cent to roughly VNĐ25,000 per share. The company has estimated its six-month pre-tax profit at VNĐ322 billion.

In terms of the strongest growth, MB Securities JSC (MBS), Sài Gòn-Hà Nội Securities JSC (SHS), Vietinbank Securities JSC (CTS) and Agribank Securities JSC (ARG) are on the top, with their share prices recording a three-digit rise.

Except for AGR, which is valued below the par value of VNĐ10,000 a share, the stocks of the other three companies are between VNĐ14,000 and VNĐ17,000 apiece. – VNS



Saigon Securities Inc is the largest listed securities firm with the market cap at US$573 million. — Photo

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