Bank stocks recover.

The VN-Index ended the week recovering by more than 5 points, thanks to strong support from banking stocks such as VCB, BID, andACB .

The stock market this week was mostly downward with three consecutive correction sessions, heavily influenced by the decline in banking stocks. However, more positive signs emerged in the final session of the week.

Bottom-fishing demand emerged right at the beginning of the session, helping the VN-Index fluctuate around the 1,174-1,176 point range and close near 1,175.7 points. This is an increase of 5.3 points compared to yesterday.

On the HoSE exchange, 253 stocks rose, outnumbering the 193 that declined. The recovery of the banking sector and stocks representing the information technology, food, and beverage industries played a major role in improving the index.

Green dominated the banking sector's stock market. VPB led the way with a nearly 2% increase in share price. Stocks like HDB, TCB, VCB, and BID all gained 1% or more. Bank stocks accounted for 60% of the largest gains in the market today, led by VCB, BID, and ACB, TCB, VPB, and HDB.

As bank stocks began to recover, several real estate stocks also attracted significant capital inflows. PDR was the most liquid stock on the market today, reaching over 695 billion VND, up nearly 3%. NLG also saw a similar increase. In addition, this sector also recorded a 5.5% gain in market value for SZC.

Market liquidity in Ho Chi Minh City improved compared to yesterday. Total transaction value reached nearly VND12,900 billion, an increase of more than VND1,500 billion. According to Vietcombank Securities Company (VCBS), psychological pressure in the days before Lunar New Year caused market liquidity to remain low. Investors' cash flow focused on real estate, banking and financial services groups.

Following yesterday's net selling session, foreign investors returned to prioritizing buying. Today they made net purchases of over 230 billion VND, mainly in HPG, HSG, VCG, EIB, and NLG stocks.

Tat Dat

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