Stocks surpass 1,200 points on first trading day after Tet holiday

Keeping green all day with the leading momentum of banking and steel stocks, VN-Index closed the first trading session of the year up nearly 4 points to 1,202.5 points.

As predicted by securities companies, the market had positive developments in the first trading session of the Year of the Dragon. VN-Index increased by more than 6 points after the first 15 minutes of the day, surpassing 1,200 points. After that, the index fluctuated but only fluctuated within the range of 1,202-1,206 points.

In the first half of the afternoon, the HoSE representative index created a V-shaped chart with an intraday peak of more than 1,207 points, up nearly 9 points compared to the reference. After 2 p.m., profit-taking pressure suddenly appeared densely, pulling the index close to the reference at times.

Right at the end of the ATC session, VN-Index improved and closed at 1,202 points, accumulating nearly 4 points compared to the last session of the year of the Cat. This is the highest level since the end of September 2023, or nearly 5 months.

Market breadth was tilted towards the bullish side as green accounted for nearly 58% of the HoSE floor. The increase was led by the steel - resources, oil and gas and banking groups.

Among the hundreds of billions of liquidity stocks in the resource group, KSB increased the most with 2.9%. HPG followed with an accumulation of 2% but this code achieved the highest liquidity in the market with more than 1,060 billion VND, accounting for more than 5% of the total transaction value on the HoSE floor. Two other "big guys" in the steel industry, NKG and HSG, increased by 1.6% and 0.6% respectively.

Banking stocks were the main market leaders today, attracting large cash flows. MSB hit its ceiling price with liquidity of over VND520 billion. In addition, codes such as MBB, SHB, TCB and OCB all increased by over 2%, with OCB closing 5.3% higher than the reference price.

The banking sector also sent 8 representatives to the top 10 stocks contributing the most to the market increase. Leading was TCB, followed by MBB, MSB, OCB, VPB, VIB, SHB and TPB.

Market liquidity today is in line with the score. Total transaction value on the Ho Chi Minh City Stock Exchange reached nearly 19,400 billion VND, an increase of nearly 3,900 billion compared to the session before Tet.

However, foreign investors chose to "start the year" with a net sale of nearly VND330 billion. This was their third consecutive selling session. Foreign investors focused on selling VNM, CTG, MWG, PDR, VRE.

Siddhartha

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