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Friday, February 3, 2023

Agriseco general director steps down

The Saigon Times

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HCMC – Agribank Securities Corporation (Agriseco), whose AGR shares are traded on the Hochiminh Stock Exchange (HOSE), has released Dinh Ngoc Phuong from his post of general director at the firm, with effect from yesterday, November 29.

The company picked AGR deputy general director Le Son Tung as acting general director at the firm starting from the same day.

Regarding Phuong, he began serving as Agriseco general director on June 16, 2017 for a two-year term and was then reelected to this post for a five-year term.

Between January and September this year, Agriseco had posted over VND272 billion in revenue and around VND125 billion in pre-tax profit, improving a slight 0.7% and plunging nearly 68% against the same period last year, respectively.

This year, the securities firm looks to obtain VND430 billion in revenue and VND178 billion in pre-tax profit.

Closing the trading session today, November 30, AGR edged up 1.25% over the session earlier, at VND8,100.

On the HOSE, the benchmark VN-Index gained 16.26 points, or 1.58%, against the previous session to end at 1,048.42 over upbeat investor sentiment, with up to 350 advancers and 105 decliners.

More than 1.1 million shares worth over VND17.7 trillion changed hands on the southern bourse, down slightly compared to yesterday. Shares traded in block deals contributed about VND3.4 trillion to the overall value.

Most stocks in various sectors regained strength in the afternoon phase.

Among them, stocks in the real estate sector such as NVL, PDR, DXG, ITA and KDH soared to their upper limits.

As for bank stocks, VIB closed at its ceiling price of VND20,050, with 11.7 million shares transacted. STB, which was the biggest loser in the group in the morning, reversed course to end higher by 1.3%. Other lenders EIB, VPB, TCB and TPB rose sharply as well. Meanwhile, ACB, SHB, and CTG were the only three decliners in the group, while LPB moved sideways.

On the northern bourse, the HNX-Index added 0.56 point, or 0.27%, day-on-day, at 208.79, with 123 winners and 60 losers. The Hanoi bourse saw 88.6 million shares worth around VND1 trillion traded, sliding 42% in volume and over 37% in value versus yesterday.

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