Bank stocks continue to "carry" the market in a deep decline session

Widespread selling pressure plunged the market into red right from the start of the session, with the VN-Index at one point losing more than 15 points before narrowing its decline.

The banking group played a supporting role in the market in the morning session, notably BID, ACB , CTG, MBB, TCB leading the group to increase and contributing nearly 3 points to the VN-Index. However, VCB is still losing points and leading the group to reduce the index.

At the end of the morning session on January 12, VN-Index decreased by 2.98 points, equivalent to 0.26% to 1,159.24 points. The entire floor had 117 stocks increasing and 343 stocks decreasing. HNX-Index decreased by 1.23 points to 231.47 points. UPCoM-Index decreased by 0.49 points to 87.06 points.

Finance - Banking - Bank stocks continue to 'carry' the market in a deep decline — VN-Index performance on January 12 (Source: FireAnt).

Entering the afternoon session, selling pressure was always present, causing the VN-Index to lose the 1,160 point mark, despite the banking group's efforts to "bear the burden".

At the end of the trading session on January 12, VN-Index decreased by 7.52 points, equivalent to 0.65% to 1,154.7 points. The entire floor had 132 stocks increasing, 380 stocks decreasing, and 60 stocks remaining unchanged.

HNX-Index decreased by 2.39 points, equivalent to 1.03% to 230.31 points. The entire floor had 52 stocks increasing, 119 stocks decreasing and 63 stocks remaining unchanged. UPCoM-Index decreased by 0.66 points to 86.9 points. In the VN30 basket alone, 21 stocks decreased in price.

Banking stocks were the bright spot in today's session when 11/20 codes ended in green with abundant liquidity. Notably, MBB, CTG, ACB, TCB, STB, SHB , HDB contributed more than 2.9 points to the general market. However, the pair VCB and BID also took away 1.5 points from the market.

The liquidity of SHB, the owner of "boss" Hien, continued to lead the market with 64.6 million matched units, MBB also matched 45.9 million units, and STB matched 41.1 million units.

Negativity spread across real estate stocks with DIG down 2.59%, NVL down 3.26%, DXG down 2.34%, CEO down 2.65%, HQC down 1.42%, PDR down 0.72%, TCH down 2.3%, VHM down 1.67%, VRE and VIC down 1.49%,...

The steel group also did not perform well with HPG down 1.27%, HSG down 1.81%, NKG down 0.64%, HSV down 4.49%, POM down 1.51% and TKG down to the floor price of 9.52%.

Finance - Banking - Bank stocks continued to 'carry' the market in a deep decline (Figure 2). — Liquidity today compared to previous session.

The total order matching value in today's session reached VND25,560 billion, up 32%, of which the order matching value on the HoSE floor reached VND22,751 billion, up 32%. In the VN30 group, liquidity reached VND10,059 billion.

Foreign investors net bought for the second consecutive session with a value of VND11.78 billion, of which they disbursed VND1,110 billion and sold VND1,099 billion.

The codes that were sold strongly were VNM 105 billion VND, BCM 103 billion VND, SHS 70 billion VND, DPM 35 billion VND, HDG 33 billion VND,... On the contrary, the codes that were mainly bought were STB 78 billion VND, VCB 77.7 billion VND, VPB 59 billion VND, CTG 52 billion VND, MWG 51.8 billion VND,... .

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