On January 6, ACB shares of Asia Commercial Joint Stock Bank fell in the morning session with a decrease of about 1% and liquidity exploded. At the end of the session, ACB's market price was VND24,800/share, down VND300/share compared to the reference price, equivalent to a decrease of 1.2%. The matched volume reached 11.4 million units.
Although it only decreased by 1.2%, it still took away more than VND 1,340 billion in market capitalization value from ACB. ACB's current market capitalization on the stock exchange is VND 110,773 billion.
ACB shares performed poorly after the bank was caught up in false rumors on social media. On the evening of January 4, ACB issued an official statement denying false information circulating on social media related to senior leaders.
ACB said that the bank has received information about some individuals taking advantage of social networks to broadcast live (livestream) false information about ACB leaders gambling, transferring tens of millions of USD abroad... The bank affirmed that the above content is fabricated.
ACB emphasized that this false information risks causing confusion and panic in public opinion, negatively affecting the financial and monetary security of the finance and banking sector in Vietnam.
The bank has collected all posted content and spread of false information in accordance with legal procedures to report the incident to competent management agencies for handling in accordance with the law.
Over the past four months, ACB's stock price has been moving sideways around VND25,000/share, but the current price has increased by more than 18% from the year's bottom at VND21,000/share in January 2024.
