Cash flow dried up, Mr. Duc's stocks were sold off

Cash flow has dried up.

Traditionally, the end of the year is when funds finalize their portfolios, and investors cash in on profits to celebrate the Lunar New Year. Therefore, the stock market faces significant pressure. This scenario continues as 2024 draws to a close.

During the December 19th stock market session, VN-Index spent most of the time in the 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 in the ATC session.

At the close of the December 19 stock market session, the VN-Index increased by 4.42 points, or 0.4%, to 1,096.3 points. The entire market recorded 256 stocks increasing in price, 95 stocks remaining unchanged, and 231 stocks decreasing in price. The VN30-Index increased by 7.2 points, or 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 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 14,353 billion VND (December 18) and 15,523 billion VND (December 15).

On the Hanoi Stock Exchange, a similar scenario also occurred. At the close of the December 19 session, the HNX-Index increased by 1.54 points, or 0.68%, to 227.27 points; the HNX30-Index increased by 5.84 points, or 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.

Bầu Đức's shares were sold off.

Declining liquidity wasn't the only highlight of the December 19th stock market session. In addition, HAG shares of Hoang Anh Gia Lai Group Joint Stock Company, chaired by Mr. Doan Nguyen Duc (Chairman Duc), received significant 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 in 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).

Another blue-chip with a very high trading volume, exceeding the 20 million unit mark, is HPG. Today, 20.4 million HPG shares were successfully transferred. But HPG had a different “fate” when it increased quite strongly.

At the close of the December 19 stock market session, HPG increased by 600 VND/share, equivalent to 2.26% to 27,200 VND/share. HPG is one of the blue-chips with the strongest growth rate, thereby helping the VN-Index escape before "G hour".

Source: https://www.congluan.vn/chung-khoan-19-12-dong-tien-can-kiet-co-phieu-bau-duc-bi-ban-thao-post277225.html