HNG shares of HAGL International Agriculture Joint Stock Company (HAGL Agrico), chaired by billionaire Tran Ba Duong, hit the ceiling in the first session of the new year.
Nearly 380 stocks increased in price in the first session of the new year - Photo: QUANG DINH
Opening the trading session on January 2, VN-Index increased slightly with active buying pressure dominating. However, active selling pressure later increased, putting pressure on the index.
Many stocks increased in price at the beginning of the year
Selling pressure focused on large-cap stocks, especially banking and technology groups, causing VN30 to drop nearly 9 points and dragging the general index down 2 points at the end of the morning session.
In the afternoon session, large-cap stocks gradually regained green. Of which, the banking sector increased slightly by 0.1%, but there was high differentiation.
In the price increase group, leading were BID of BIDV (+2.6%), VCB (+0.7%), MBB (+0.6%)... On the contrary, HDB of HDBank (-0.98%), TCB of Techcombank (-1.4%), EIB of Eximbank (-2.85%), ACB (-1.36%), TPB of TPBank (-0.9%)...
Retail, telecommunications, insurance, vehicle and components groups… still maintained green, contributing to keeping the market in a more balanced position.
Meanwhile, the securities group recorded a series of large codes under adjustment pressure, such as: SSI (-0.58%), HCM (-0.34%)... causing the whole industry to lose 0.1% in today's session.
In the whole market, the number of green stocks still dominated with nearly 380 stocks increasing in price, while the counterweight was more than 300 stocks decreasing in points. The market breadth was more positive, although the index only increased by more than 2 points, to 1,269 points. The total transaction value reached nearly 12,000 billion VND.
The market at the beginning of the new year still maintains a cautious sentiment as many risk factors for the market such as exchange rate pressure and foreign net selling have not cooled down.
In the opening session of the new year, foreign investors net sold 250 billion VND, creating pressure on the market. The stocks that foreign investors "dumped" the most were: FPT (-240 billion VND); ACV (-35 billion VND); CTG (-36 billion VND); SSI (-28 billion VND)...
Not to mention, the newly released report of S&P Global said that the purchasing managers index (PMI) of Vietnam's manufacturing industry in December dropped to 49.8 points. This is the first time in the past three months that the PMI has dropped below 50 points. This has made many investors concerned about the recovery level of Vietnam's manufacturing industry.
Mr. Tran Ba Duong's company shares hit the ceiling
While VN30 decreased, many small-cap stocks, or those on the UpCOM floor, shined thanks to their own business stories.
Like TMT of TMT Automobile Joint Stock Company, this stock just had another ceiling price session, bringing the market price to 10,500 VND/unit.
Previously, on December 31, 2024, Ho Chi Minh City Stock Exchange (HoSE) sent a document to TMT Automobile Joint Stock Company requesting an explanation when its stock price increased to the ceiling for 5 consecutive sessions from December 25 to 31, 2024.
TMT shares have increased since TMT Motors announced that it is negotiating with partner General Motors - SAIC - Wuling (SGMW) to launch a commercial version of the product that can replace motorbikes with an expected price including battery of less than 150 million VND.
Another stock that also increased to its full range today is HNG of HAGL International Agriculture Joint Stock Company (HAGL Agrico), chaired by billionaire Tran Ba Duong.
With an increase of nearly 15%, HNG has been pushed up to the price range of 7,000 VND, while many shareholders have held this code since the time the market price was over 3,000 VND.
HNG increased immediately after the news that HAGL Agrico had paid all debts according to the agreement and no longer had debt with Mr. Duc's company on December 31, 2024.
Specifically, the amount paid by this company is 4,228 billion VND. Of which, HAGL Agrico paid the direct loan to BIDV of 2,094 billion VND, and paid the debt to HAGL (the company chaired by Mr. Duc) related to HAGL 2016 bonds of 2,314 billion VND. After paying off all the debt, HAGL Agrico also said it would receive some assets.
After taking over HAGL Agrico from Mr. Duc, he commented that the company was "just bare bones", but billionaire Tran Ba Duong still showed his passion and "bet" heavily on the agricultural sector.
VN-Index in 2024 will increase by more than 12%
At the end of 2024, VN-Index increased by 137 points (+12%) and closed at 1,266.78 points, with matched liquidity reaching 173 billion shares, nearly equivalent to 2021 and 2023.
The trading trend in 2024 is to fluctuate within a wide range of 1,200-1,300, with strong differentiation in each industry group.
Source: https://tuoitre.vn/co-phieu-hagl-agrico-tang-bung-noc-sau-tin-tra-het-no-cua-cong-ty-bau-duc-20250102151652752.htm
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