Bank stocks boost VN-Index.

The HoSE index is approaching the 1,100-point mark, gaining nearly 13 points today, thanks to gains in banking and steel stocks.

The market is showing signs of an upward trend amidst uncertainty, with green dominating against a backdrop of low liquidity. The main trend of today's session, similar to last week's, is a sideways movement within a narrow range for most of the trading time.

The HoSE index rose above the reference level after the opening auction, supported by the banking, steel, and some key real estate sectors. However, liquidity remained at a low level as investors were cautious about the upward trend. The 1,080-point level of the VN-Index is also considered an important resistance zone.

The market stalled towards the end of the morning session, narrowing its gains to near the reference level as selling pressure increased. However, confidence in a potential recovery to the 1,100-point mark prevailed. Selling pressure wasn't overly intense, and the number of investors taking profits on short-term gains wasn't significant. Buyers quickly regained their dominance in the afternoon session. The VN-Index rebounded and was pulled up into the ATC (Auction Closing Time).

At the close of trading, the VN-Index settled at 1,089.66 points, up 12.88 points and marking its fourth consecutive day of gains. The VN30-Index rose by more than 17 points (1.6%) to above 1,100 points. On the Hanoi Stock Exchange, both the HNX-Index and UPCOM-Index closed in positive territory.

The HoSE closed the session with 367 stocks rising, compared to 176 stocks falling. Within the VN30 group, the number of rising stocks was overwhelmingly higher, with 24 out of 30 stocks rising.

Banking, securities, and real estate remain the three main sectors attracting capital. VPB was the biggest contributor to the VN-Index with 1.7 points, closing the session up more than 5% at 20,800 VND. SSB rose more than 4%, TPB, STB, and MBB added more than 3%, whileSHB and CTG surpassed their reference prices by more than 2%.

In the mid-cap group, stocks also traded positively with gains of 1-4%. Steel, construction, and some real estate stocks also performed well.

Total market liquidity reached over 16,000 billion VND, with HoSE exchange liquidity recording over 14,000 billion VND. Foreign investors made net purchases of nearly 351 billion VND today, the highest since October 20th.

Minh Son

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