HNG and HAG go against the market trend

HNG increased to the ceiling, HAG accumulated 4.6% while more than half of the stocks on the HoSE decreased in price, causing the VN-Index to drop more than 5 points.

The HoSE representative index only remained green for the first 30 minutes of trading, then experienced a shake-up when active sell orders were continuously issued, especially the VN30 basket. This index went below the reference until the end of the session. In the afternoon, the market broke through the support level of 1,075 points at times but quickly improved.

VN-Index closed at 1,177.5 points, down more than 5 points compared to yesterday. Market breadth was heavily tilted towards the downside with more than 54% of stocks falling.

In that context, the agricultural duo HNG and HAG performed very well. After shaking in the morning, the stock code of Hoang Anh Gia Lai Agriculture increased continuously in the afternoon and reached purple from 13:45. The ceiling price was maintained by HNG until the end of the session. Meanwhile, HAG also increased by 5.7% at one point before closing with an accumulation of 4.6%.

However, the food and beverage group did not lead the industry index. Media stocks were the bright spot of the market with two consecutive sessions leading the increase. VEF closed 7.6% higher than the reference but had low liquidity. YEG shares of Yeah1 Group also accumulated 2.9% after the program "Beautiful Sister Riding the Wind and Breaking the Waves" invested by this enterprise, is creating great attraction.

On the other hand, the technology, chemical, real estate and banking sectors had the most negative developments. The 12 stocks with the highest liquidity in the real estate sector were all in red. NVL, VHM, DIG, KBC, CEO codes all fell by more than 1%. VHM alone became the stock contributing the most to the market decline.

The banking board only had a few green colors such as STB and TCB. The codes ACB, CTG, EIB and MSB all fell by 1% or more. The trio of stocks of state-owned banks VCB, CTG and BID ranked second, third and fourth respectively in the group of codes that had the most negative impact on the general index.

Liquidity decreased along with the score today. The total transaction value of the Ho Chi Minh City market reached more than 15,100 billion VND, down more than 3,600 billion compared to yesterday. Foreign investors continued to net buy for the 9th consecutive session with 234 billion VND.

Siddhartha

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