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Tuesday, July 23, 2024

VNDIRECT announces leadership reshuffle

The Saigon Times

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HCMC – VNDIRECT Securities Corporation, which trades its VND shares on the Hochiminh Stock Exchange, has announced a top leadership reshuffle, effective from September 18.

Nguyen Vu Long, who previously served as the firm’s board chairman, has been picked as new general director, swapping roles with General Director Pham Minh Huong, who now chairs the board of directors at VNDIRECT.

Huong has a career spanning nearly 30 years in the financial sector. She used to work for Citibank as director of Currency Trading and Financial Markets and served as general director of Saigon Securities Inc. (now known as SSI Securities Corporation).

She first joined VNDIRECT as chair of the board in 2006 and moved to the role of general director in April 2023.

Nguyen Vu Long, who earned a Master’s degree in Economics at the University of New South Wales, has been with VNDIRECT for 8 years. At the company he has assumed different roles including head of currency trading, and director of capital resources.

Long was appointed acting general director in November 2021 and became a board member in April 2022. He assumed the post of chairman in April 2023 before this recent appointment as general director.

VND shares inched up 0.81% today, September 19, to VND24,750 per share, with a matching volume of over 20.8 million shares.

With 255 winners and 244 losers, the VN-Index of the Hochiminh Stock Exchange moved sideways with a 0.03% loss, or inched down 0.31 points, to 1,211.5 points.

Over one billion shares worth VND23.3 trillion were traded on the bourse, increasing 18% in both volume and value compared to the previous session. Block deals contributed nearly VND3.2 trillion to the overall value, with over 123.7 million shares changing hands.

VIC dropped 2.5% to close at VND51,700 per share, contributing 1.2 negative points to the main index. In contrast, STB and HPG stocks rose by 2.2% and 2%, respectively, adding more than 1.1 points to the VN-Index.

NVL dipped by 4.7% to VND17,300 per share despite having the highest trading volume on the southern market with over 54.7 million units.

The HNX-Index of the Hanoi Stock Exchange lost 0.26 points, or 0.1%, to 250.22 points, with 86 advancers and 84 decliners.

There were 86.5 million shares valued at nearly VND1.8 trillion changing hands on the northern market.

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