Poor prospects cast shadow over brokerage sector


Everest Securities JSC’s operational revenue plummeted by 74% from last year in 3Q24, dwindling to 36 billion dong. — Vietnam News

HANOI: While the market eagerly focuses on the third-quarter business results of securities firms, the weak market’s liquidity and declining performance of the brokerage sector are undermining the group’s health.

A number of securities firms that have disclosed their financial statements for the third quarter of 2024 (3Q24) are witnessing a significant downturn in profits compared to the previous year, with some even posting substantial losses.

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