Bank stocks boom, VN-Index hits historic peak

In the trading session on August 21, bank stocks performed positively, helping the market increase sharply, reaching a historical peak.

On the Ho Chi Minh City Stock Exchange, the market increased throughout the trading session, at times "jumping" up nearly 30 points, reaching above 1,690 points. However, near the end of the session, profit-taking pressure increased, causing the increase to slow down.

Banking group strongly supported the market in the session on August 21. Screenshot

At the close of the session, the VN-Index stopped at 1,688 points, up 23.64 points (1.42%). This is the highest closing level in the history of the domestic stock market. The VN30-Index increased by 46.45 points (2.54%), to 1,874.91 points.

The market still increased strongly despite the dominance of falling stocks. The entire floor had 214 stocks falling and 118 stocks rising. In the VN30 group, the number of stocks rising was 24, more than 4 times the number of stocks falling (5 stocks).

That is thanks to the boom in banking stocks. Most of the stocks in this group increased in price, in which some codes increased to the ceiling price such as STB,VIB , SSB, TPB, MSB.

Among the 10 stocks that pulled the market up the most, at many times during the session they were banking stocks, but towards the end of the sessionFPT appeared.

VPB contributed the most to the market with more than 4 points, followed by BID (2.7 points), VCB (2.36 points), LPB (1.93 points)...

Banking is one of 6 sectors that increased in this session, including software and services; utilities; insurance; pharmaceuticals, biotechnology; essential aviation trade; 1 sector remained unchanged; the rest were all in red.

Liquidity was high with over VND51,000 billion changed hands. SSI and TPB were the two codes with liquidity of over VND2,000 billion in this session. Foreign investors continued to net sell. This group bought nearly VND3,579 billion and sold over VND5,995 billion.

On the Hanoi Stock Exchange, the entire floor had more than 3,400 billion VND changed hands. Closing the market, the HNX-Index stopped at 284.39 points, up 0.66 points (0.23%) while the HNX30-Index was at 622.88 points after falling 5.29 points (-0.84%).

Source: https://hanoimoi.vn/co-phieu-ngan-hang-bung-no-vn-index-lap-dinh-lich-su-713492.html