Bank stocks stumble, Chairman Duc goes on a dizzying roller coaster ride.

Stock market turns green on January 11th.

The stock market session on January 11th began with investor anxiety because yesterday, the VN-Index experienced a mixed performance, meaning the VN-Index closed in positive territory but the number of declining stocks significantly outnumbered the number of rising stocks. This was due to the strong surge in bank stocks, especially blue-chips, which supported the VN-Index.

However, in the January 11th stock market session, the "green outside, red inside" phenomenon was no longer present. The VN-Index maintained its positive momentum, and the number of rising stocks exceeded the number of falling stocks.

Specifically, throughout the morning trading session on January 11th, the electronic trading board was dominated by green. In the afternoon, the VN-Index unexpectedly corrected downwards due to selling pressure. However, the "ATC miracle" occurred. Despite the pre-ATC session being dominated by red, the VN-Index surprisingly recovered to green at the close of trading on January 11th, ending at 1,162.22 points, up 0.68 points, or 0.06%; the VN30-Index increased by 0.88 points, or 0.08%, to 1,163.56 points.

After a "rescue" session for the VN-Index that distorted the market, bank stocks stumbled in the January 11th trading session. Another notable point is the dizzying rollercoaster ride of HAG, owned by Chairman Duc. (Illustrative image)

Liquidity on January 11th decreased but remained relatively high at 860 million shares, equivalent to VND 17,317 billion. Across the entire exchange, 250 stocks increased in price, 115 remained unchanged, and 221 decreased. The VN30 group recorded 287 million shares, equivalent to VND 7,374 billion, successfully traded. There were 20 gainers, 0 unchanged, and 7 losers.

Bank stocks stumble.

As mentioned above, only 7 stocks in the VN30 group declined in price. However, those 7 stocks are large-cap stocks with a very strong impact on the overall market index. More specifically, they are the banking sector.

While yesterday, blue-chip stocks in the banking sector acted as a "savior," preventing the VN-Index from falling, on January 11th, this group dragged the index down, nearly causing it to close in the red.

Specifically, major banks that closed the January 11th stock market session in the red include BID (down 900 VND/share, equivalent to 1.9%, to 46,500 VND/share), MBB (down 250 VND/share, equivalent to 1.2%, to 20,650 VND/share), VCB (down 200 VND/share, equivalent to 0.22%, to 89,300 VND/share), and TCB (down 250 VND/share, equivalent to 0.73%, to 34,150 VND/share).

Conversely, some bank stocks were fortunate enough to close in the green, such asSHB , HDB, STB, etc., but overall, in the February 11th trading session, the banking sector still declined with a decrease of 0.22%.

Bầu Đức's stock is on a roller coaster ride.

In the first trading session of 2024, banking was the most prominent sector. Looking at individual stocks, HAG of Hoang Anh Gia Lai Group and HNG of Hoang Anh Gia Lai International Agriculture Joint Stock Company, both related to Chairman Duc, attracted the most attention due to their volatile, rollercoaster-like movements – sometimes rising sharply, sometimes falling deeply.

In the January 11th trading session, after three consecutive days of sharp declines, HAG shares continued their downward trend. At one point, HAG fell to a low of 13,200 VND/share. However, buying pressure emerged, helping HAG reach its ceiling price at one point. At the close of the January 11th trading session, HAG had increased by 850 VND/share, equivalent to 6.42%, settling at 14,100 VND/share, just 50 VND/share below the ceiling price. Trading volume for HAG increased sharply, reaching nearly 36 million units, almost six times higher than the previous session.

Similarly, HNG shares also recovered at the end of the session despite trading at the reference price at the beginning. At the close of trading on January 11th, HNG increased by 180 VND/share, equivalent to 3.7%, to 5,040 VND/share.

Source: https://www.congluan.vn/chung-khoan-11-1-co-phieu-ngan-hang-say-chan-bau-duc-tau-luon-chong-mat-post280533.html