Will bank stocks continue to surge?

At the close of trading on June 12, the VN-Index closed at 1,300 points, an increase of 15.7 points, equivalent to 1.23%.

At the start of the session, the stock market showed signs of weakness, with trading fluctuating for several hours, although bargain-hunting buying emerged.

Entering the afternoon session, active buying volume unexpectedly surged. Most stock groups turned green. Notably, bank stocks rose sharply, and this trend then spread to many other stock groups.

As a result, the VN-Index closed at 1,300 points, up 15.7 points, or 1.23%.

VCBS Securities Company believes that the buying pressure on stocks at the end of the trading session, along with the price increase of large-cap stocks, has eased the anxiety of investors in recent times.

"Stock market investors can consider investing in stocks that attract capital inflows and offer stable price increases in sectors such as banking, steel, and securities..." - VCBS Securities Company recommends.

According to Rong Viet Securities Company (VDSC), stock liquidity on June 12 decreased compared to the previous session. This indicates that the market's rise was mainly due to a cooling down of supply.

VDSC believes the upward momentum is still present, so the market is likely to extend its gains in the next session. However, the supply of shares will increase again. Therefore, investors still need to observe supply and demand to assess the market's state, avoid chasing stocks, and prevent falling into an overbought condition.

Source: https://nld.com.vn/chung-khoan-ngay-mai13-6-co-phieu-ngan-hang-co-con-day-song-196240612171622346.htm