5 brokerages miss out on improving A-share market
By Louise Ho |
February 9, 2012, Thursday
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Print Edition
Print Edition
CHINA'S improving A-share markets in January did not benefit all 18 listed brokerages as five of them lost money.
Thirteen of the brokerages said that they posted a combined net profit of 637 million yuan (US$101 million) last month.
Five brokerages - Guangfa Securities, Northeast Securities, Soochow Securities, Pacific Securities and Shanxi Securities - lost in January.
Guangfa Securities had the biggest loss of the five brokerages at 89.91 million yuan in January. Soochow Securities lost 45.29 million yuan, the sixth consecutive month it had suffered losses.
Thirteen of the brokerages said that they posted a combined net profit of 637 million yuan (US$101 million) last month.
Five brokerages - Guangfa Securities, Northeast Securities, Soochow Securities, Pacific Securities and Shanxi Securities - lost in January.
Guangfa Securities had the biggest loss of the five brokerages at 89.91 million yuan in January. Soochow Securities lost 45.29 million yuan, the sixth consecutive month it had suffered losses.
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