Hoang Anh Gia Lai shares reverse the trend

Ceiling purple in the morning and remaining green when the market slid sharply in the afternoon session, HAG became one of the most active stocks today.

This morning, while about 70% of HoSE stocks decreased in price, HAG had a reversal. The stock code of Hoang Anh Gia Lai Group was pulled up early, and by about 10:45 it had increased to its full amplitude with the highest volume in the market of more than 25.7 million units. The level of 9,090 VND at that time was the highest price range in more than two months.

Since the beginning of September, HAG shares have not performed well after being kept under warning status by the Ho Chi Minh City Stock Exchange (HoSE). By the end of September, this code had dropped to 7,510 VND, the lowest in 5 months. After that, this stock had many fluctuations, investors repeatedly expected it to "return to shore", but the average market price in the past two months was only about 8,300 VND.

In the afternoon, Hoang Anh Gia Lai stock price cooled down but still maintained a good increase compared to many other stocks. HAG closed at 8,710 VND per unit, up 2.5%.

HAG's performance was in contrast to the stock market today. After the ATO session, VN-Index dropped more than 10 points, then fluctuated mainly around the 1,104-1,108 point range throughout the morning. Sell orders dominated the market, but liquidity this morning was much lower than the same period last day.

The red color remained until early afternoon. However, at around 1:30 p.m., the HoSE representative index improved and surpassed the reference level after only 15 minutes. The increase did not last long when the active sellers began to dominate, the index fell more than 9 points in the ATC session. The VN-Index closed at 1,101.7 points, down more than 12 points compared to yesterday.

The entire HoSE floor had 417 stocks falling, much higher than the 148 stocks rising. The VN30 basket had 27 stocks recording red. The bright spot was that the entire Ho Chi Minh City market had no stocks hitting the floor.

Contributing the largest declines were VCB, BID, VPB, GAS, and VHM, respectively. Correspondingly, banking, oil and gas, chemical, and real estate stocks were the groups with the deepest declines in industry indices.

Market liquidity in Ho Chi Minh City reached nearly VND20,800 billion, down more than VND1,200 billion compared to the previous session. Foreign investors had four consecutive net selling sessions, the difference between the two directions today was more than VND230 billion.

Thus, the stock market reversed after two sessions of increase. Overall, the VN-Index accumulated nearly 25 points compared to the end of last week, much more positive than the previous period.

Siddhartha

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