July 27, 2022 | 16:40

Q2 profits in financial services, securities stocks sink

Kiều Trang

According to VnDirect, profits of large-cap and small-cap stocks increased 25 per cent and 7.9 per cent, respectively, in the second quarter of this year. Profits in the financial services group fell 100.7 per cent, primarily due to the stock market tumbling over the past few months, a sharp fall in brokerage and proprietary trading, and margin lending factors.

Q2 profits in financial services, securities stocks sink
Photo: Illustration
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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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