Bank stocks support the market on December 26, Yeah1's YEG stock hits the floor

After many consecutive ceiling sessions, YEG encountered selling pressure and fell to the floor again.

After many consecutive ceiling sessions, YEG encountered selling pressure and fell to the floor again.

VN-Index stood at 1,274.04 points, up 1.09% compared to the previous session with a 39% increase in trading volume. However, when entering the trading session on December 26, investor sentiment was no longer as excited as before. The market returned to a tug-of-war situation, hovering around the reference level. Many stock groups also had strong differentiation again. Many "hot" stocks were recently "dumped" heavily, affecting investor sentiment, thereby significantly weakening demand compared to the previous session. VN-Index was sold below the reference level before the break.

After the lunch break, the selling pressure increased, pushing the VN-Index down further. However, the selling pressure was not too strong, so the decrease was quite modest. The differentiation in today's session was quite strong, so the VN-Index continued to fluctuate strongly around the reference with alternating increases and decreases. The strongest decrease of the VN-Index in today's session was less than 2%.

At the end of the trading session, VN-Index decreased by 1.17 points (0.09%) to 1,272.87 points. HNX-Index increased by 0.09 points (0.04%) to 229.9 points. UPCoM-Index decreased by 0.18 points (-0.19%) to 94.41 points.

The entire market recorded 363 stocks increasing, while 359 stocks decreased and 838 stocks remained unchanged/no trading. Today's session still recorded 40 stocks increasing to the ceiling while 10 stocks decreased to the floor.

Top 10 stocks impacting VN-Index

The highlight of today's session came from the "hot" stock YEG. This stock continued to increase to the ceiling from the trading session. However, the surprise happened later when the selling pressure suddenly appeared and caused YEG to be pulled down to the floor price. At the end of the trading session, YEG still dropped to the floor price of 21,600 VND/share and had a surplus of over 4.92 million units sold at the floor price. However, the positive point is that YEG's drop to the floor did not cause a chain reaction to the group of small stocks.

Another stock that attracted attention was MWG, which was sold heavily after news that a bean sprouts production facility soaked in banned substances signed a contract to sell hundreds of kilograms per day to Bach Hoa Xanh. MWG at one point in the session fell nearly 3% to VND60,500/share. However, support at the end of the session helped MWG to only fall more than 1%.

Meanwhile, the VN30 group had a very strong differentiation in today's session. Besides MWG, codes such as BVH, SSB, VRE,FPT , HPG... were all in red and put a lot of pressure on the VN-Index. VCB was the stock that had the most negative impact on the VN-Index when it took away 0.5 points. VCB closed the session down 0.32%. FPT decreased 0.66% and also took away 0.39 points.

On the other hand, the green color was maintained quite well in the banking group when MBB, BID,VIB , STB... all increased in price and were the codes with the most positive contribution to VN-Index. MBB contributed the most with 0.55 points when increasing by 1.84%. MBB's price increase came from the information that this bank announced the closing of the shareholder list to receive stock dividends at a rate of 15%. Specifically, shareholders owning 100 shares will receive 15 new shares.

Besides, codes such as BCM, SAB, GAS or VHM also kept green in today's session.

Meanwhile, many small and medium-cap stocks were in the red. In the securities group, after a somewhat positive trading session yesterday, they were sold back. VDS decreased by 2.4%, BSI decreased by 1.4%. Notably, APG decreased by 6.8%. Recently, APG Securities announced the Board of Directors' Resolution to close the Ho Chi Minh City branch and the transaction office at 132 Mai Hac De. The reason is to restructure the company and terminate the transaction office. In the latest information, APG Securities announced the sale of millions of LDP (Ladophar) and GKM (GKM Holdings) shares it is holding.

Foreign investors return to net selling status

Total trading volume on HoSE reached VND595 billion, equivalent to a trading value of VND13,712 billion, down 27% compared to the previous session, of which negotiated transactions contributed VND3,072 billion. Trading values on HNX and UPCoM reached VND1,152 billion and VND964 billion, respectively.

STB topped the market in terms of matched value with 607 billion VND. MBB and VIB traded 492 billion VND and 427 billion VND respectively. Foreign investors net sold 360 billion VND in the whole market. VCB topped the net selling list with 175 billion VND. FPT and VNM were net sold 68 billion VND and 49 billion VND respectively. Meanwhile, SSI was the strongest net buyer with 43 billion VND. CTG was also net bought 42 billion VND.

Source: https://baodautu.vn/co-phieu-ngan-hang-nang-do-thi-truong-phien-2612-co-phieu-yeg-cua-yeah1-giam-san-d235781.html