Bank stocks recover

VN-Index ended the week with a recovery of more than 5 points thanks to great support from banking stocks, such as VCB, BID, ACB .

The stock market this week mainly went down with three consecutive correction sessions, in which the major impact was from the decline of banking stocks. However, more positive signals appeared in the last session of the week.

Bottom-fishing demand appeared at the beginning of the session, helping the VN-Index fluctuate around 1,174-1,176 points and close the session at nearly 1,175.7 points. This level increased by 5.3 points compared to yesterday.

On the HoSE, 253 stocks increased, higher than 193 stocks decreased. The recovery of the banking group and codes representing the information technology, food and beverage industries played a major role in improving the score.

Green appeared more on the banking industry's board. VPB led the way with a market price increase of nearly 2%. HDB, TCB, VCB and BID codes all accumulated 1% or more. Bank stocks also accounted for 60% of the codes contributing the most to the market increase today, led by VCB, BID and ACB, TCB, VPB and HDB.

As banking stocks began to recover, some real estate stocks also attracted good cash flow. PDR was the stock with the highest liquidity in the market today, reaching over VND695 billion, up nearly 3%. NLG also had a similar increase. In addition, this industry also recorded SZC accumulating 5.5% in market value.

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 Tet kept market liquidity low. Investors' cash flow focused on real estate, banking and financial services groups.

After yesterday's net selling session, foreign investors returned to prioritizing buying. Today they net bought more than 230 billion VND, mainly in HPG, HSG, VCG, EIB, NLG.

Siddhartha

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