Bank stocks still surging?

At the end of the session on June 12, the VN-Index closed at 1,300 points, up 15.7 points, equivalent to 1.23%.

At the beginning of the session, the stock market showed signs of weakness, trading sideways for many hours, although bottom-fishing demand for stocks appeared.

Entering the afternoon session, active buying liquidity suddenly increased sharply. Most stock groups turned green. Typically, the price of banking stocks increased sharply, then spread this trend to many other stock groups.

As a result, the VN-Index closed at 1,300 points, up 15.7 points, equivalent to 1.23%.

VCBS Securities Company commented that the demand for stocks at the end of the session, along with the price increase of large stocks, has relieved investors' recent anxiety.

"Stock players can consider investing in stocks that attract cash flow and have stable price increases in the banking, steel, and securities sectors..." - VCBS Securities Company recommends.

According to Dragon Viet Securities Company (VDSC), stock liquidity on June 12 decreased compared to the previous session. This shows that the market increased mainly due to the cooling of supply.

VDSC believes that the momentum of the increase is still there, so there is a possibility that the market will widen its points in the next session. However, the supply of stocks will increase again. Therefore, investors still need to observe supply and demand to assess the market situation, limit chasing stocks and avoid falling into an overbought state.

Source: https://nld.com.vn/chung-khoan-ngay-mai13-6-co-phieu-ngan-hang-co-con-day-song-196240612171622346.htm