ACBS closes several branches in HCM City

The State Securities Commission last Thursday gave its nod to ACB Securities to close its three branches and one trading floor in HCM City.

The branches which were shut down only operated in securities brokerage.

In the first quarter of this year, ACBS reported profits of VND117 billion ($5.57 million), increasing 67 per cent over the same period last year.

The company also ranked third by market share on the HCM City Stock Exchange, with 6.25 per cent of the market share, coming after Saigon Securities and HSC Securities in the first quarter. With 4.72 per cent market share on the Ha Noi Stock Exchange, ACBS ranked sixth on the northern bourse.

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