Investors begin to take profits from bank stocks

After many sessions leading cash flow and scores, bank stocks began to be taken profit by investors this afternoon, causing the VN-Index to shake.

This morning, the market traded quite positively. Green was the dominant color on the board with cash flow and growth momentum led by banking codes such as STB, EIB, TPB, MBB, VPB... In addition, the securities group also joined the trend to support the market when codes VND, SSI, VIX were among the most actively traded stocks in the morning. At one point, the VN-Index approached the 1,170 point mark.

But the market began to fluctuate as soon as the afternoon session started. Profit-taking pressure appeared, causing the HoSE representative index to gradually decrease in height, falling below 1,160 points at around 14:20. In the last minutes of the session, the VN-Index improved and closed at 1,162.2 points, up slightly by 0.7 points compared to yesterday.

The number of stocks increasing in price is still higher than the number decreasing, but the difference is not high. 43% of stocks on the HoSE are green and 38% are red. The market is supported in terms of points mainly by insurance, oil and gas and securities groups.

After many sessions of capital attraction, the banking sector is now under great pressure to take profits, causing the index of this sector to decrease by 0.18% - the fourth largest decrease in the whole market. The electricity board has a large differentiation. EIB is the only code with large liquidity and achieved a significant increase of about 4.2%. The codes STB, SHB, VPB, MSB still maintain green but only improve less than 1% compared to the reference. However, most of the above stocks have matching orders leaning towards the active selling side.

On the other hand, VCB, MBB and TCB decreased in market value, while TPB, CTG and ACB were at the reference level. This sector also had BID as the stock that pushed the VN-Index down the most when it decreased by 1.9% in market value today.

In addition to the banking sector, the market today also paid attention to PSH. After four sessions of floor price declines due to tax debt information, this code was bought by investors at the bottom from the first minutes of trading. The market price immediately increased to the ceiling and remained purple all day with a buy volume of nearly 3.6 million shares.

Profit-taking pressure was high, but liquidity on the HoSE floor decreased by more than 3,400 billion, to about 17,300 billion VND. Another bright spot was that foreign investors returned to net buying more than 150 billion VND after 7 sessions of prioritizing selling. Today, they preferred to collect bank stocks such as STB, OCB, VPB, VCB, in addition to other codes such as IDC, HPG, KBC...

Siddhartha

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