Strong cash flow, bank stocks lead the market

At the end of the trading session on May 12, the VN-Index increased by 15.96 points (equivalent to 1.26%) to 1,283.26 points, the highest level since the beginning of April. Liquidity on the HoSE floor reached nearly VND21,643 billion, up 25% compared to the previous session, marking the highest level in the past half month. The entire floor had 200 stocks increasing in price, 111 stocks decreasing in price, showing a positive spread in the market.

Bluechip group attracts cash flow, VN-Index increases nearly 16 points in the first session of the week

The VN30 basket, representing large-cap stocks, also recorded impressive growth with 27/30 stocks increasing in price, bringing the VN30-Index up 19.79 points to 1,372.04 points.

Banking stocks continued to be the main driving force of the market. Notably, Techcombank 's TCB shares increased by 6.52% to VND29,400, contributing the most to the VN-Index's increase with more than 3 points. This is also TCB's highest price since its listing.

Other banking stocks also recorded positive gains: TPB increased by 5%, VIB increased by 2.56%, VPB increased by 2.06%, MBB increased by 1.28%, SHB increased by 1.94%. The consensus in the banking group shows investors' confidence in the industry's prospects in the context of a stable macro economy.

Real estate stocks also recorded a strong recovery. Vingroup 's VIC shares increased by 3.79%, contributing 2.7 points to the VN-Index. Other codes such as GVR increased by 4.88%, BCM increased by 3.4%, KBC increased by 3.5% also contributed to the overall market growth.

The securities and oil and gas groups also had positive developments. Codes such as FPT, GAS, VNM all increased in price, reflecting the spread of cash flow into different industry groups.

Although the market had a strong increase, according to Mr. Dinh Quang Hinh, an analyst at VNDIRECT Securities Joint Stock Company, investors need to be cautious when the VN-Index approaches the strong resistance zone of 1,280 points.

"If there is no strong supporting information, such as significant progress in the US-Vietnam trade negotiations, the scenario of the VN-Index breaking through the above strong resistance zone is not high. The market needs a break after the rapid increase last week to absorb cheap goods," he commented.

Foreign investors continued their net selling trend with a total value of more than VND302 billion across the market. On the HoSE, foreign investors net sold more than VND298 billion, focusing on large stocks such as VCB (VND222 billion), HPG (VND157 billion), STB (VND114 billion). On the buying side, FPT was the strongest net buyer with a value of nearly VND240 billion.

Closing session 12/5:

• VN-Index: 1,283.26 points (+1.26%)

• VN30-Index: 1,372.04 points (+1.46%)

• Total market liquidity: 21,640 billion VND

• Top positive contributors: TCB (+6.52%), VIC (+3.79%), GVR (+4.88%)

• Foreign investors: Net sold 302 billion VND.

With the VN-Index surpassing the 1,280-point mark and strong cash flow into the market, the short-term outlook for the Vietnamese stock market remains positive. However, investors need to closely monitor macroeconomic information, especially the results of trade negotiations between major economies, to have appropriate investment strategies.

Source: https://thoibaonganhang.vn/dong-tien-manh-me-co-phieu-ngan-hang-dan-dat-thi-truong-164042.html