Ho Chi Minh City (VNA) — The Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the third quarter of 2018, announced the HCM City Stock Exchange (HoSE) on October 3. The SSI was followed by the HCM City Securities (HSC), Viet Capital Securities (VCSC) and VNDirect Securities (VNDS), and MB Securities (MBS). The top five companies together accounted for 49.82 percent of the brokerage market share on the southern bourse during the period. The HoSE report showed that the Q3 market recorded positive signs following strong adjustments made in Q2. The benchmark VN Index increased by 56.35 points or 5.87 percent from Q2. The capital flow in the market also recovered, with monthly increases recorded. Trading liquidity in the quarter decreased slightly due to investors’ caution, which was resulted from previous long adjustments and the US-China trade war. Average trading liquidity rose to reach 5.376 trillion VND (231.16 billion USD) for all … [Read more...] about SSI continues leading brokerage market share
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JLL reported that in the first quarter, Ha Noi did not have new supply on the retail property market. Large shopping malls outside the central business districts (CBD) continued to be attractive to customers in the capital city. … [Read more...] about Ha Noi retail property market faces difficulties in Q1: JLL
Last weekend, the stock market was covered by negative information, especially the situation of mortgage lien release, including real estate stocks. Firstly, on March 23, HDB Securities Company announced it would lift the mortgage of 3 million ROS shares of Mr. Trinh Van Quyet from March 24. Right after the announcement, FLC Group said that money had been added to the brokerage account of Mr. Trinh Van Quyet. Therefore, HDB Securities Company terminated the mortgage lien release on ROS shares. However, information about mortgage lien release still massively appeared at the end of March when the market plummeted continuously. On March 30, Hoa Phat Joint Stock Company denied the information that the Bank for Foreign Trade of Vietnam (Vietcombank) sold 100 million shares of HPG mortgaged by Mr. Tran Dinh Long, Chairman of the Board of Directors of Hoa Phat Group. Accordingly, the medium and long term contract between Hoa Phat Group and Vietcombank already had collateral. The mortgage of … [Read more...] about Stock market receives positive breeze
Three companies, Binh Thuan Agricultural Service Joint Stock Company (ABS), Vietnam Rubber Group (GVR) and Kien Giang Construction and Investment Consultancy Corporation (CKG), listed on HOSE during the month. … [Read more...] about VN stock market has torrid time in March
Indeed, SEA is taking advantage of the e-commerce business to expand to other sectors like financial services. The Singaporean group has been attempting to get a license for e-bank business in the country. That is also the reason why SEA keeps pouring capital into Shopee despite it burning through capital in the blink of an eye. … [Read more...] about Should SEA Group stop pouring capital in Shopee?