Amid margin boom, securities companies report impressive Q3 profits
Falling interest rates led to increased margin loan balance in Q3 2023 as domestic investors found stocks more appealing than bank savings.
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Falling interest rates led to increased margin loan balance in Q3 2023 as domestic investors found stocks more appealing than bank savings.
Many Vietnamese securities companies have returned to the capital raising race after the ups and downs of the stock market.
While none too significant, some companies have announced plans for capital raising through additional share issuances after the 2023 Annual General Meeting of Shareholders.
The volatility and uncertainties of the stock market, lower liquidity and risk-off sentiment were attributed to the losses.
VPS Securities remained the top brokerage in the first quarter with a 17.9 percent market share, according to data released by the HCM Stock Exchange.