Cash flow is dry.
Traditionally, the end of the year is the time when funds close their investment portfolios and investors take profits to celebrate Tet. Therefore, the stock market faces a lot of pressure. Currently, this scenario continues to take place as 2024 is about to end its journey.
During the December 19 stock market session, VN-Index spent most of the time in red. During the morning session, VN-Index was only in the green from 9:45 to 10:00. During the afternoon session, VN-Index slid again but suddenly rebounded during the ATC session.
At the close of the stock market session on December 19, the VN-Index increased by 4.42 points, equivalent to 0.4%, to 1,096.3 points. The entire floor recorded 256 stocks increasing in price, 95 stocks remaining unchanged, and 231 stocks decreasing in price. The VN30-Index increased by 7.2 points, equivalent to 0.66%, to 1,091.87 points. The VN30 group had 20 stocks increasing in price, 0 stocks remaining unchanged, and 6 stocks decreasing in price.
In the stock market session on December 19, VN-Index “escaped” at the last minute but still did not bring positive signs when the cash flow was exhausted. The focus of the market was the HAG stock of Mr. Duc being sold off. Photo: HAGL
Although VN-Index regained green color spectacularly, this is not a positive signal when cash flow is exhausted. On Hose, only nearly 650 million shares, equivalent to 12,805 billion VND were successfully transferred.
It can be seen that liquidity has been on a downward trend in recent days. Previously, the transaction value on Hose was VND 14,353 billion (December 18) and VND 15,523 billion (December 15).
On the Hanoi Stock Exchange, a similar scenario also occurred. At the close of the stock market session on December 19, the HNX-Index increased by 1.54 points, equivalent to 0.68%, to 227.27 points; the HNX30-Index increased by 5.84 points, equivalent to 1.21%, to 487.63 points.
Liquidity on the Hanoi Stock Exchange also remained low, with only 94.4 million shares, equivalent to VND1,703 billion, successfully traded.
Bau Duc's shares were sold off
Decreasing liquidity is not the only highlight of the stock market session on December 19. In addition, HAG shares of Hoang Anh Gia Lai Group Joint Stock Company, with Mr. Doan Nguyen Duc (Bau Duc) holding the position of Chairman of the Board of Directors, received great attention from investors.
Recently, Hoang Anh Gia Lai has continuously received many important and conflicting information such as: Eximbank erased nearly 1,425 billion VND of interest for Gia Lai Livestock Joint Stock Company - a subsidiary of Hoang Anh Gia Lai; Gia Lai Livestock paid off debt at Eximbank; rumors that Hoang Anh Gia Lai was acquired,...
In the past few sessions, Hoang Anh Gia Lai's HAG shares either increased sharply or hit the ceiling. After a series of strong increases, on November 14, 2023, HAG officially returned to par value after many years of trading below VND 10,000/share.
However, in the stock market session on December 19, HAG hit the floor, down 900 VND/share to 12,400 VND/share. HAG witnessed a strong sell-off from investors. On the electronic trading board, the remaining buy orders for HAG were completely empty, while the remaining sell orders were filled with millions of orders to sell HAG at the floor price.
HAG's liquidity in the December 19 stock session slightly decreased compared to the last two sessions but still ranked first on the Ho Chi Minh City Stock Exchange in terms of trading volume (nearly 22.3 million units).
A blue-chip also has a very high trading volume, exceeding the 20 million unit mark, which is HPG. Today, 20.4 million HPG shares were successfully transferred. But HPG has a different “fate” when it increases quite strongly.
At the close of the stock market session on December 19, HPG increased by VND600/share, equivalent to 2.26% to VND27,200/share. HPG is one of the blue-chips with the strongest growth rate, thereby helping the VN-Index escape before the "G hour".
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