Opportunity to buy bank stocks?

(NLĐO) – Bank stocks are expected to continue leading the stock market as they consistently trade positively, attracting capital inflows.

On February 11th, the focus of capital flows in the stock market shifted from steel stocks to banking stocks, which played a leading role in the VN-Index's recovery.

At the close of trading, the VN-Index rose 5.19 points to 1,268.45 points; the HNX Index increased 0.9 points to 228.87 points. Stocks suchas FPT , HPG, CTG, HVN, LPB… saw positive gains, while VCB, MWG, BCM, SAB, GAS… dragged the market down.

Despite closing in positive territory, the total trading value on the HOSE reached over 14,200 billion VND, a sharp decrease compared to the previous day. Investors expect the market to continue its upward trend, despite the net selling by foreign investors. Today, foreign investors sold a net of over 580 billion VND on the HOSE, focusing on stocks like MWG, VNM, and SSI.

Mr. Vo Kim Phung, Head of Analysis Department at BETA Securities Company, noted that a positive sign is that selling pressure is showing signs of slowing down, and investor sentiment is becoming more cautious. However, foreign investors are still maintaining a strong net selling trend, putting some pressure on the index.

The stock market is expected to trade positively tomorrow, with banking stocks continuing to be a bright spot.

Regarding tomorrow's trading session (February 12th), BETA experts believe that although domestic capital flows are fairly balanced, there is a clear divergence between industry groups, and the VN-Index is likely to continue fluctuating within a narrow range. Investors should restructure their portfolios to balance defensive stocks with growth potential, maintaining a reasonable cash proportion.

Investors expect bank stocks to continue rising amid expectations of improved credit growth from the beginning of the year to support businesses and the economy with capital.

In February 2025, experts at Mirae Asset Securities (MAS) predicted that the VN-Index could reach 1,280-1,300 points, with the upward trend bolstered by attractive market valuations.

Conversely, there is caution regarding the risks stemming from the recent over-reliance on the banking sector. Global macroeconomic factors such as the Russia-Ukraine conflict, persistent inflation in the US and Europe, etc., are key risks to monitor in Q1 2025.

Looking at the broader picture, in 2025, the research department of Thien Viet Securities Company (TVS Research) believes that the VN-Index could reach 1,380 – 1,400 points thanks to Vietnam's favorable conditions to negotiate with the US to avoid import tariffs on goods. Vietnam's GDP growth is projected to reach 7.2%, providing positive support for the stock market…

"Expectations are high for foreign investment to return after Vietnam's stock market was upgraded by FTSE Russell. Market-wide earnings are projected to grow by 16.2% year-on-year, primarily driven by the banking and real estate sectors," said an expert from TVS Research.

Source: https://nld.com.vn/chung-khoan-ngay-mai-12-2-co-hoi-mua-co-phieu-ngan-hang-196250211181431623.htm