Bank stocks pull VN-Index

The HoSE index gradually approached the 1,100 point threshold with nearly 13 more points in today's session, thanks to the increase in banking and steel stocks.

The market is showing signs of rising in doubt as green dominates on low liquidity. The main trend of today's session, similar to last week's sessions, is a state of tug-of-war within a narrow range for most of the trading time.

The HoSE index was pulled up above the reference level after ATO with support from the banking, steel and some real estate pillars. However, liquidity remained at a low base level as investors were cautious with the uptrend. The 1,080-point threshold of the VN-Index is also considered an important resistance zone.

The market slowed down at the end of the morning session, narrowing the increase to near the reference level when selling pressure increased. However, the belief in the possibility of recovery to the 1,100 point threshold was somewhat dominant. The selling pressure was not too fierce, and the number of investors taking profits on T+ was not too large. The buyers quickly regained their dominant position in the afternoon session. The VN-Index rebounded and was pulled up into the ATC.

At the end of the session, VN-Index closed at 1,089.66 points, up 12.88 points and marking the fourth consecutive session of increase. VN30-Index increased by more than 17 points (1.6%) to above 1,100 points. On the Hanoi Stock Exchange, HNX-Index and UPCOM-Index both closed in green.

The HoSE closed the session with 367 stocks increasing in price, compared to 176 stocks decreasing in price. In the VN30 group, the number of increasing stocks was more overwhelming with a ratio of 24/30.

Banking, securities and real estate are still the three main groups attracting cash flow. VPB is the stock that contributes the most to the VN-Index with 1.7 points, when this code closed the session up more than 5% to 20,800 VND. SSB increased more than 4%, TPB, STB, MBB added more than 3%, SHB, CTG exceeded the reference by more than 2%.

In the mid-cap group, stocks also traded well with an increase of 1-4%. Steel and construction stocks, and some real estate stocks also traded positively.

Total market liquidity reached over VND16,000 billion, with HoSE liquidity recording over VND14,000 billion. Foreign investors today net bought nearly VND351 billion, the highest since October 20.

Minh Son

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