Saigon Securities Inc (SSI) and HCM City Securities Corporation (HSC) have reported better profits in the second quarter and first half of 2018 despite volatile stocks that have dampened the performance of most of listed securities firms.

The derivatives market has grown strongly over the last three months as investors switch from stocks to derivatives to avoid short-term risks on the stock market.

Sài Gòn-Hà Nội Securities Joint Stock Company (SHS) has reported that its post-tax profit in the first quarter of 2018 tripled from a year ago to VNĐ136 billion (US$6 million).

Vietnamese shares ended Monday on a negative note as investor confidence remained weak on global geo-political risks and incoming new regulations on margin lending rate.

The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Lưu Trung Thái, Vice Chairman of the Military Commercial Joint Stock Bank.

Saigon Securities Inc. (SSI) reported pre-tax profits of VNĐ380.8 billion (US$ 16.7 million) on revenues of VNĐ1.018 trillion ($44.8 million) in the fourth quarter of last year, up 344.7 per cent and 66.8 per cent year-on-year.

Vietnamese shares plummeted yesterday as investors realised short-term profits. Worries remained that the adjusted policy on margin lending could take effect early next month.

Vietnamese shares ended Tuesday on a negative note as large-cap stocks were hit by strong selling as investors worried about a draft amendment on the initial margin to be passed by market regulators.

Vietnamese shares are expected to move marginally in the last two trading weeks of 2017 as investors take a rest, however the selling of brewer Sabeco shares should give a short boost to the market.

November’s uptrend in Việt Nam’s stock market could extend on the back of strong capital inflows from both domestic and foreign investors, analysts say.