Quoc Cuong Gia Lai shares lose liquidity

Quoc Cuong Gia Lai shares traded with an average volume of more than 1 million shares in the past year. But after CEO Nguyen Thi Nhu Loan was arrested on July 19, this code had "no buy side" and liquidity dropped sharply.

In today's session, July 22, QCG shares of this company matched less than 60,000 orders. By the end of the session, over 6 million shares were posted for sale at the floor price in a "blank buy" situation. This code decreased by nearly 7%, down to VND8,440 per share. This is the second session QCG shares hit the floor price.

July 22 was also a volatile session for the stock market, with red dominating. VN-Index opened near the reference level, falling more than 10 points in the first few minutes, down to below 1,255 points. The HoSE index was pulled back in the middle of the morning session, at times returning to green. However, the decline resumed shortly after.

VN-Index fell continuously as selling pressure increased. The HoSE index lost nearly 20 points, falling below the 1,250-point threshold at the end of the morning session. The market continued its red streak into the afternoon session when it fell again right after opening, falling to the 1,245-point zone. The index struggled at a low price in the first 30 minutes of the afternoon session before gradually recovering.

At the end of the session, VN-Index decreased by more than 10 points (0.8%) to 1,254.64 points. VN30-Index decreased by more than 3 points thanks to the support of the banking group. On the Hanoi Stock Exchange, HNX-Index and UPCOM-Index decreased by around 1%.

Total market liquidity reached over VND24,000 billion, of which HoSE alone was over VND21,000 billion, an increase of over VND3,400 billion compared to the previous session. Foreign investors net bought about VND440 billion today.

At the end of the session, HoSE had 96 stocks increasing in price, compared to 350 stocks decreasing in price.

MSN was the stock that contributed the most to the VN-Index with 0.4 points when this code increased by 1.7% to 72,200 VND. In contrast, GVR was the stock that weighed down the index the most when it decreased by more than 5%.

In the large-cap group, besides MSN, banks are the pillars of the market. HDB, TPB, TCB increased by more than 1%, CTG, VCB closed above the reference. On the contrary, GVR, BVH, FPT , PLX, GAS were in red.

In the mid-cap group, insurance, chemical, oil and gas, securities and some real estate stocks were under pressure. These codes generally decreased by 1-3%. Some other codes such as HVN and HHS fell to the floor.

VN (according to VnExpress)

Source: https://baohaiduong.vn/co-phieu-quoc-cuong-gia-lai-mat-thanh-khoan-388132.html