Bank stocks could lead the rally.

A bank stock's rise helped limit the market's decline.

At the close of trading on October 2nd, the VN-Index fell 4.3 points (-0.34%), closing at 1,287.8 points. Market liquidity decreased compared to the previous session, with trading volume reaching over 771 million shares, equivalent to a value of 17,747 billion VND.

The trading session showed that buying pressure was concentrated on a few bank stocks, helping to limit the decline of the VN-Index. For example, bank stocks that gained points included: VCB (+0.76%), TCB (+1.01%), TPB (+2.34%)... Therefore, many investors expect this group to lead the market in the next session.

In this session, foreign investors made net purchases of VND 252.48 billion worth of shares on the HoSE exchange. Foreign investors focused on buying shares such as TCB, PNJ,FPT … and selling shares such as VPB, HDB, CTG...

According to ACBS Securities Company, liquidity on October 2nd decreased compared to the previous session, indicating a weakening of profit-taking selling pressure. Therefore, in the coming period, the market is likely to continue fluctuating within the 1,280 – 1,300 point range. After that, the VN-Index will resume its upward trend, aiming to surpass the 1,300 point resistance level.

Meanwhile, Rong Viet Securities (VDSC) believes the market will continue to test supply and demand around the 1,290-point level before receiving more specific signals. Therefore, investors should slow down their trading.

Given the above developments and assessments, VCBS Securities Company recommends that investors gradually take profits on stocks experiencing strong selling pressure, while considering investing in stocks with sideways or upward trends in sectors such as banking, steel, transportation, ports, and public investment.

Source: https://nld.com.vn/chung-khoan-ngay-mai-3-10-co-phieu-ngan-hang-co-the-dan-song-196241002180642948.htm