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 Vietnam Securities Depository (VSD) on Wednesday said it would apply a new minimum initial margin ratio of 13 per cent instead of the previous 10 per cent for VN30 Index futures to avoid violations and ensure the security of the derivatives market.
The HCM Stock Exchange has announced the latest update to the blue-chip VN30 Index for the next six months from July 23 to January 1, 2019.
HCMC Securities Corporation (HSC) reported VNĐ325 billion in pre-tax profit in the first quarter of this year, a year-on-year increase of 250 per cent.
Vietnamese shares ended Thursday on a positive note following the improvement of global markets as trade war fears were soothed by news of potential talks between China and the US.
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.
Vietnamese shares declined for a third straight session on Thursday as market sentiment soured on the volatility of global markets.
Vietnamese shares extended losses for a second session on Wednesday as last-minute selling drove capital towards assets other than stocks, showing low investor confidence.
Forbes Vietnam on Tuesday announced Vietnam’s 50 top listed companies for 2018, which account for 70.8 per cent of total market capitalisation on the HCM and Hà Nội stock exchanges.
Bảo Việt Securities Company (BVS) has set a target of VNĐ454 billion (US$19.91 million) in revenues and VNĐ143 billion, in after-tax profit, a company document recently revealed.