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Gloomy market: how are securities companies faring?

Market liquidity fell sharply in Q3, with average trading value on HoSE, HNX and UPCoM at 18,625 billion VND per session, down 57.6% year on year. The VN-Index ended the quarter at 1,768.62 points, down 4.9% from the end of Q2. Profits fell at many brokerages, with VNDIRECT's Q3 after-tax profit down about 65% and SSI's down 27%, as brokerage revenue slumped. TCBS led with Q3 pre-tax profit of 2,152 billion VND, up about 6%, helped by margin lending income that rose 55%. VIX's Q3 after-tax profit fell about 93% as proprietary trading swung to a loss, while CVS still posted an after-tax loss of more than 2.6 billion VND, its 17th consecutive loss-making quarter.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Thị trường ảm đạm, công ty chứng khoán làm ăn ra sao?

Read the original on CafeF ↗

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