Bank stocks return, market firmly on the rise

In the session on December 3, increased demand, especially in the banking stock group, helped this group increase in price, pulling the VN-Index up, extending the upward streak.

During the morning session, the market fluctuated narrowly and at times shook after the VN-Index surpassed 1,725 ​​points. By the end of the session, the index reached 1,725.38 points, up 8.32 points.

In the afternoon session, strong cash flow – especially in the group of “king” stocks – helped the VN-Index increase by more than 22 points at times, surpassing 1,740 points. However, towards the end of the session, increased selling pressure caused the increase to narrow.

Bank stocks race to increase in price. Screenshot

At the end of the session, VN-Index closed at 1,731.77 points, up 14.71 points (0.86%); VN30-Index reached 1,971.99 points, up 21.87 points (1.12%).

Cash flow shows a more flexible shift between industry groups, instead of focusing on just a few pillar stocks as before. The entire floor recorded 225 stocks increasing in price, 101 stocks decreasing in price. In the VN30 basket, the number of stocks increasing and decreasing in price was 19 and 9.

Most industry groups increased points, in which banking was one of the three most active industries. In this group, only 1 code remained unchanged, the rest increased. Of the 10 codes that had the strongest impact on the VN-Index with nearly 18 points, there were 8 bank codes: CTG, BID, VPB, VCB, MBB, TCB, LPB,ACB ; in which CTG contributed the most (3.74 points).

On the downside, VIC had the most negative impact, taking away 4.75 points, followed by VPL with 1.46 points.

Liquidity improved with more than VND 28,500 billion traded. Foreign investors were strong net buyers with a purchase value of VND 6,584 billion and a sale value of VND 2,786 billion.

On the Hanoi Stock Exchange, the HNX-Index increased by 0.8 points (0.31%) to 259.67 points; the HNX30-Index reached 568.85 points, up 2.06 points (0.36%). The total transaction value was over VND1,000 billion.

Source: https://hanoimoi.vn/bank-stocks-return-to-the-market-in-the-region-of-da-tang-725509.html