A large influx of capital is flowing into bank stocks.

TPO - Strong capital inflows returned to the banking sector, but it was still not enough to keep the market in positive territory. The index lost nearly 10 points on May 27th, amidst continued strong net selling by foreign investors and a further decline in blue-chip stocks. Meanwhile, THD attracted attention with its 15th consecutive day of gains.

The VN-Index continued its volatile trading session as selling pressure on large-cap stocks persisted. At the close, the VN-Index fell 9.75 points (0.52%) to 1,874.43 points. Trading volume on the HoSE increased to over 22,000 billion VND.

The banking sector remained a rare bright spot in the market, with a number of stocks experiencing significant gains. OCB led the way with a nearly 6% increase, while TCB, TPB, SSB, MSB, VPB, ACB, andSHB all rose between 1-3%. ACB continued to be among the stocks with the most positive impact on the VN-Index.

Cash flow is also showing signs of returning to the banking sector after a long period of accumulation. Many stocks have recorded a significant improvement in liquidity, especially in the private banking sector. However, the increase in this group is still not enough to offset the pressure from large-cap real estate stocks.

The market generally remained highly polarized. Securities stocks traded cautiously, with VND, HCM, and VIX all experiencing slight corrections. Conversely, MWG, SAB, and some real estate stocks like BCM, VPI, and HDG maintained their positive performance.

THD shares hit the ceiling price today, reaching 101,000 VND per unit.

Notably, Thaiholdings' THD stock continued its upward trend for the 15th consecutive session, including 10 sessions hitting the upper limit. In less than a month, the stock has increased by over 200%, bringing the company's market capitalization to approximately 39,000 billion VND. This strong surge in THD coincided with Thaigroup's announcement of plans to develop a large-scale complex in Ninh Binh with an estimated total investment of around 128,000 billion VND.

Another negative point is that foreign investors continued to heavily net sell nearly 800 billion VND. VHM, HPG, VIC, and FPT were the stocks most heavily sold, while MSB andACB saw significant net buying.

Source: https://tienphong.vn/dong-tien-do-manh-vao-co-phieu-ngan-hang-post1846785.tpo