Stocks plummet, Yeah1 shares continuously hit the ceiling after 'Brother overcomes thousand obstacles'

On December 19, red covered the entire board from the moment the stock market opened for trading. At the end of the session, VN-Index decreased by 11.33 points, equivalent to a decrease of 0.89% to 1,254.67 points. In contrast, HNX-Index recovered and increased slightly by 0.05% to 227.54 points.

Blue-chip stocks fell sharply, causing the VN30 index to lose more than 1.18%. In the basket of 30 stocks with the largest capitalization on the HOSE at the end of the session, BVH of Bao Viet Group and PLX of Vietnam National Petroleum Group remained green. In addition, stocks of banking, real estate, securities and technology sectors that investors are interested in also plummeted during the session.

Yeah1 shares are sought after by investors after the concert "Brother overcomes thousands of obstacles"

As usual, cash flow increased when the market went down and increased evenly on both exchanges. The total transaction value reached more than VND20,677 billion, up nearly 48% compared to yesterday. The red-hot Vietnamese stock market is said to be influenced by the world stock market after the US Federal Reserve's (Fed) monetary policy meeting. The Fed's announcement of its plan to only lower interest rates twice in 2025 and Chairman Jerome Powell's "more cautious view when considering future interest rate policy adjustments" have disappointed and shaken world stocks. In particular, US stock indexes have decreased from 2.6 - 3.6%.

Notably, while the market was covered in red, YEG shares of Yeah1 Group Corporation continued to hit the ceiling for the third consecutive session. Trading volume also exploded with more than 13.56 million units changing hands while yesterday's session only saw more than 1.8 million shares traded. Yeah1 shares gained attention after the successful concert "Anh trai vu ngan cong gai" revealed revenue exceeding VND340 billion. Yeah1 is the unit that organized the previous famous concerts "Chi dep dap gio roi song" and most recently "Anh trai vu ngan cong gai". Currently, YEG shares are at VND17,800/share and are the highest in more than 3.5 years. In the first 9 months of this year, the company recorded VND629 billion in revenue and net profit of more than VND55 billion, respectively 2.5 times and 3.4 times higher than the same period last year.

Source: https://thanhnien.vn/chung-khoan-lao-doc-co-phieu-yeah1-lien-tuc-tang-tran-sau-anh-trai-vuot-ngan-chong-gai-185241219150417371.htm