Stocks increase dramatically: Stock sectors to invest in at the end of 2023

(NLDO) – Contrary to forecasts, VN-Index continuously rises to new peaks, making investors wonder which industry stocks they should buy to hold until the end of the year?

Stocks increase continuously, beyond forecast

The Vietnamese stock market on August 28 once again proved that "no one can predict" its fluctuations. Contrary to the forecast of many experts about the possibility of a downward adjustment after a series of hot increases, the VN-Index remained green and closed at 1,680 points, up 8 points compared to the previous session.

VN30 increased even more strongly, surpassing the 1,860 point threshold, while HNX-Index also inched up to 276 points. Although liquidity cooled down compared to previous explosive sessions, HOSE alone still recorded a transaction value of more than VND34,400 billion.

It is noteworthy that foreign investors continued to maintain their net selling streak, net selling more than VND6,500 billion in just 2 days. However, despite this pressure, the market still increased for the third consecutive session, bringing the VN-Index back to its historical peak.

This has left many individual investors in a dilemma. Mr. Tuan Minh, an investor in Ho Chi Minh City, shared that last weekend he sold all the bank stocks and securities in his portfolio because he believed that the market was about to correct down 10%-15% as many predicted. However, just a few days later, bank stocks such asSHB , HDB, VPB, MBB or LPB returned to the peak, leaving those who took profits early in regret.

The stock market has been "green" in recent sessions.

Which industry stocks to choose for the end of the year?

According to Mr. Truong Hien Phuong, Senior Director of KIS Vietnam Securities Company, the stock market always has unexpected surprises. Since April, the VN-Index has gone up nearly 400 points. A correction is inevitable to rebalance the price level, but it seems that the recent correction has quickly ended. Mr. Phuong believes that the market is facing a new growth cycle, opening up many opportunities for both old investors and those holding cash.

So which sectors should be paid attention to during this period? Mr. Phuong believes that there are four main pillars: securities, banking, civil real estate and public investment. Of which, the banking group is highly appreciated thanks to recent loosening policies from the State Bank.

Reducing the required reserve ratio not only helps reduce capital costs and unblock credit, but also opens up greater profit opportunities for banks. In particular, banks that receive the transfer of weak institutions also benefit directly, as they are allowed to use tens of thousands of billions of VND from their reserves to lend, optimizing business efficiency.

It is not difficult to see that banking stocks are the "center of attention" of the market. HDBank (code HDB), for example, has increased by nearly 50% in less than 2 months. This is not only the result of strong demand but also a reflection of the fundamentals: banking industry profits are growing impressively.

Since the end of last year, the State Bank has completed the transfer of four weak banks to "big guys" such as Vietcombank , MB, HDBank and VPBank. This move helps strengthen the system and at the same time opens up more room for development for the receiving banks.

Many banking stocks have increased sharply recently, such as HDB shares of HDBank, which increased nearly 50% in just the past 2 months.

Recent reports also reinforce the positive sentiment. According to Maybank Securities, the second quarter 2025 profits of listed banks exceeded expectations, increasing by 16% year-on-year, bringing the first 6-month growth to 13%.

The banking industry is forecast to achieve a profit growth of about 15% in 2025, with the third quarter expected to be the strongest growth period. Many securities companies still believe that bank stocks still have significant room to increase, especially when credit for the whole year is expected to increase by 16% and many banks' profits exceed 20%.

The question is whether this growth momentum can be sustained, especially when foreign investors continue to maintain strong net selling? Will banking stocks be able to keep the pace for the entire market, or will cash flow gradually be distributed to other sectors such as residential real estate or public investment? And more importantly, if this is truly the beginning of a new growth cycle, when is the right time to disburse?

Source: https://nld.com.vn/chung-khoan-tang-soc-chuyen-gia-mach-nuoc-nhom-co-phieu-nen-co-trong-tai-khoan-196250828161649004.htm