Money still flows into bank stocks

VN-Index closed the session on January 10 in a "green exterior, red heart" state, when the increase of some banking stocks supported the red color of more than 300 stocks on HoSE.

The market continued to fluctuate within a narrow range, but unlike the previous period, liquidity in recent sessions remained high. The VN-Index opened today near the reference level, rising more than 1,165 points in the middle of the morning session. However, selling pressure increased rapidly, causing the index to quickly narrow its increase.

In the afternoon session, red dominated the board, but VN-Index remained above reference thanks to some large-cap stocks. Cash flow was mainly concentrated in some stocks of banking, chemicals, and insurance groups, while the rest were submerged in red.

As a result, the VN-Index closed the session up less than 3 points, to 1,161.54 points. The VN30-Index gained more than 2 points, stopping at 1,162 points. On the Hanoi Stock Exchange, the HNX-Index and UPCOM-Index closed below the reference.

Total market liquidity reached over VND23,700 billion. Of which, liquidity on the HoSE was over VND20,700 billion, an increase of over VND2,800 billion compared to the previous session. Foreign investors were net sellers for the 7th consecutive session today, worth over VND216 billion.

At the end of the session, stocks were in a "green skin, red heart" state when the HoSE had only 195 stocks increasing in price, compared to 309 stocks decreasing in price. In the large-cap group, 15/30 stocks closed below the reference.

Investors' cash flow is still focused on three main sectors: banking, real estate, and financial services. The top 5 stocks in terms of trading value on the HoSE are SHB (over VND1,100 billion), HPG (nearly VND900 billion), SSI (over VND800 billion), STB and DIG traded over VND600 billion.

VCB was the stock that contributed the most to the VN-Index with 2.3 points when this code increased by 1.9%, to 89,500 VND. In the banking group, TPB closed the session up more than 4%, CTG added 3.3%, BID, SHB, VPB increased by more than 2%.

On the other hand, FPT closed down 2%, SAB, HPG, MWG lost more than 1% compared to the reference, VNM, VJC, VIC, VHM closed the session in red.

Similarly, in the mid-cap group, steel, real estate, and retail stocks were also in the red. Meanwhile, some insurance and chemical stocks traded well thanks to positive cash flow.

Minh Son

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