On September 24, banking stocks helped VN-Index increase strongly.

On the Ho Chi Minh City Stock Exchange, after increasing in the first minutes, the index represented the floor to the reference level and then went down when selling pressure, especially in key stocks, increased. At one point, the VN-Index fell nearly 16 points, below 1,620 points.

At the end of morning trading, VN-Index stopped at 1,621.16 points, down 14.1 points.

In the afternoon session, the market initially remained red, but from nearly 2 p.m., demand began to increase. As the session ended, the stronger demand helped the market move positively. Instead of decreasing in price, many pillar stocks reversed and increased, thanks to which the VN-Index increased sharply.

At the end of the session, VN-Index reached 1,657.46 points, up 22.2 points (1.36%); VN30-Index reached 1,853.48 points after "increasing" 32.03 points (1.76%).

Green dominated the trading board with 231 codes going up and 88 codes going down. Notably, in the VN30 group, only 2 codes were red, 1 code was flat, the rest were green.

Most industry groups increased points; in which the securities and banking groups performed most prominently.

In the securities group, most codes increased. However, this group's capitalization was not too large, so its impact on the index was not clear. Meanwhile, the banking group had a large capitalization and also mostly increased in price, so it had a strong impact on the market's rise.

Of the 10 stocks that contributed the most to the VN-Index, the banking group accounted for 9 stocks with a total of more than 11 points, accounting for more than half of the total market points scored in this session. Of which, VPB contributed the most with 3.26 points, followed by TCB (2.18 points), HDB (1.71 points), VCB (0.96 points).

VNM and VIC were two pillar stocks that decreased in price, taking away 0.65 points and 0.17 points respectively.

Liquidity increased compared to the previous session, reaching more than 27,000 billion VND. Foreign investors were net sellers. This group bought more than 2,205 billion VND and sold nearly 3,715 billion VND.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index increased by 4.27 points (1.56%), reaching 277.28 points; the HNX30-Index stopped at 605.75 points after increasing by 14.92 points (2.53%). The entire floor had more than 2,200 billion VND changed hands.

Source: https://hanoimoi.vn/phien-ngay-24-9-co-phieu-ngan-hang-giup-vn-index-tang-manh-717167.html