On February 16, the stock market continued its upward trend when all three stock indices rose. At the end of the session, the VN-Index increased by 7.2 points to 1,209.7 points; the HNX-Index increased by 0.29 points to 233.04 points and the UPCoM-Index also added 0.01 points to 90.06 points. Notably, after only 2 trading sessions at the beginning of the year of the Dragon, many stocks increased sharply, helping investors earn higher profits than their savings for the whole year.
For example, in today's session, FIR shares of First Real Estate JSC hit the ceiling price of VND10,400. In total, in just two trading sessions after the Tet holiday, FIR shares increased by more than 14%, much higher than the current savings interest rate of just under 6%/year that banks are applying.
Some stocks after the first two trading sessions of the Year of the Dragon help investors earn higher profits than saving all year.
The code TCT of Nui Ba Tay Ninh Cable Car Joint Stock Company also had 2 consecutive ceiling price sessions, bringing the stock price to 25,500 VND. Investors who bought this stock recorded a profit of nearly 14%. In addition, there were some stocks that also recorded an increase of over 7% such as SFG of Southern Fertilizer Joint Stock Company; PDN of Dong Nai Port Joint Stock Company...
Notably, with a trading range of up to 10% in one session, many stocks on the HNX also recorded an increase much higher than the bank interest rate for the whole year. For example, MCO stock of BDC Vietnam Investment and Construction Joint Stock Company has extended its streak of consecutive ceiling price increases since before Tet until now, reaching an increase of nearly 40% after 4 sessions. Or TVC code of Tri Viet Asset Management Group Joint Stock Company after 2 sessions has increased a total of more than 15%.
Meanwhile, the code LDP of Lam Dong Pharmaceutical Joint Stock Company in the session of February 16 also brought a profit of 10% for investors when it suddenly increased to the ceiling of 13,500 VND even though there was no transaction in the previous session. Or NRC of Danh Khoi Real Estate Company also increased to the ceiling of 5,000 VND in the session...
Particularly in the group of blue-chip stocks in the VN30 basket on the HOSE, only in today's session did GVR stock of the Vietnam Rubber Industry Group increase to the ceiling price of 26,650 VND. However, in yesterday's opening session, this stock decreased by 400 VND. Therefore, in the first two sessions of the Year of the Dragon, GVR code only brought in a profit of more than 5%. But this is also a higher profit than the 12-month term interest rate of the Big 4 banks such as Vietcombank, Vietinbank... which is at 4.7 - 4.8%/year.
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