Heart-stopping developments with stock of producer 'Brother Overcoming a Thousand Thorns'

After 7 sessions of ceiling price increase, YEG stock of Yeah1 Group was dumped at the floor price this morning. Investors holding the stock of the show producer "Anh trai vu ngan cong gai", "Chi dep..." at the peak will inevitably be worried if this trend continues.

Stock market developments on the morning of December 26 fluctuated around the reference level - Photo: QUANG DINH

After a sublime session when it increased by nearly 13 points, this morning (December 26), VN-Index had a slight correction, falling back to the reference level of 1,273.84 points.

After only half a trading day, foreign investors have net sold 360 billion VND again. The stocks that foreign investors "dumped" the most were VCB of Vietcombank (84 billion VND), STB of Sacombank (39 billion VND), FPT (28 billion VND), VNM of Vinamilk (26 billion VND)...

In total, on all three exchanges, there were more than 300 stocks that decreased in points, of which 8 stocks hit the floor. The most surprising thing was the performance of Yeah1 Group's YEG stock, when it experienced a full-range decrease.

The hit show Brother Overcoming a Thousand Thorns

Under strong selling pressure, YEG shares hit the floor to VND21,600/unit. This development will make many investors "holding" stocks at the peak worried. Because this stock has just experienced 7 consecutive ceiling price increases, causing the market price to double in a month.

Data shows that YEG has gone from the price range of VND10,000 in mid-November to VND23,000 on December 25, before being dumped at the floor price this morning.

If the previous increase of YEG was considered to come from the success of the show "Anh trai vu ngan cong gai", then the decline this morning is believed to come from the cooling of the show "Sister dep dap gio roi song".

Domestic media commented that, reaching the final stage, the show "Beautiful Sister Riding the Wind" season 2 could not break through and did not have high discussion on social networks.

In addition, like many other stocks, after a period of hot growth, YEG will also be under profit-taking pressure.

Returning to the stock market this morning, with the fluctuating index, the liquidity level returned to a rather low level of over 6,500 billion VND. There were 28 stocks hitting the ceiling, but mainly in the group of small and medium-cap stocks, not enough to create market traction.

According to FIDT, the market has entered the fourth consecutive week in December in which foreign investors maintained a net selling status.

Notably, the level of net selling last week was the highest in the past month, clearly reflecting that global pressure is negatively affecting foreign sentiment and capital flows.

In addition, the proprietary trading group also recorded significant net selling activities, showing that the supply and demand pressure in the market continues to be unbalanced. The sharp decrease in liquidity and negative sentiment have greatly affected the overall movement of the market.

In the positive scenario, if only USD (DXY) improves rapidly due to the end of the year tightening USD liquidity factor, foreign capital flows are likely to reverse sooner than expected.

Source: https://tuoitre.vn/dien-bien-rot-tim-voi-co-phieu-nha-san-xuat-anh-trai-vuot-ngan-chong-gai-20241226122609907.htm