Expectations for real estate stocks, banks leading the wave

(NLDO) – Although the VN-Index of the October 30 session decreased, in this session, many bank and real estate stocks increased in price.

Session 10-30, many bank and real estate stocks simultaneously turned green on the floor

The market opened in the green in the first half of the morning session. However, investors' cautious sentiment caused trading to be sluggish, causing the general indices to fall. Active selling liquidity appeared in many large-cap stocks such as HPG, MSN, and MWG, putting pressure on the market.

Entering the afternoon session, quiet and gloomy transactions still covered all 3 floors (HoSE, HNX and UpCom) through declining liquidity and red spreading across more than 230 stocks. Accordingly, the retail and securities sectors were under the strongest correction pressure with a decrease of nearly 0.9%.

At the end of the session, the VN-Index closed at 1,258 points, down 3 points, equivalent to 0.25%.

However, in this session, many banking and real estate stocks increased impressively. Typically, STB increased by 2.2%, TCB increased by 1%, TPB increased by 0.8%, NVL increased by 3.3%, PDR increased by 0.4%, DIG increased by 0.2%, DIC increased by 2.7%... helping the market limit the decline. From there, many investors expect that banking and real estate stocks can lead the market in the coming time.

According to Vietcombank Securities Company (VCBS), although the market decreased, liquidity in the session of October 30 decreased significantly. This shows that investors have somewhat slowed down the selling of stocks, and the VN Index is gradually finding its balance again.

"Stock players can maintain their weight in individual stocks that are accumulating points, or stocks that show signs of rebounding after a correction in the banking and real estate sectors..." - VCBS recommends.

Source: https://nld.com.vn/chung-khoan-ngay-mai-31-10-ky-vong-co-phieu-bat-dong-san-ngan-hang-dan-song-196241030174347052.htm