Red dominates, sudden change in banking group

After a few minutes of opening, trying to maintain the green color, VN-Index quickly slipped below the 1,230 point mark and fell below the reference. After about 1 hour of opening, VN-Index was pulled up to nearly the 1,235 point mark, however, strong profit-taking selling pressure appeared, pushing a series of stocks to turn around.

The impressive increase of Vin stocks was stopped when there were signs of profit-taking and correction, which also contributed to the fluctuations of VN-Index. In the banking group, except for 3 stocks with slight decreases, including the "big brother" VCB, the rest increased.

At the end of the morning session on February 21, VN-Index decreased by 4.96 points, equivalent to 0.4% to 1,225.1 points. The entire floor had 149 stocks increasing and 312 stocks decreasing. HNX-Index decreased by 0.68 points to 232.82 points. UPCoM-Index decreased by 0.35 points to 90.18 points.

Finance - Banking - Red dominates, sudden change in banking group — VN-Index performance on February 21 (Source: FireAnt).

Entering the afternoon session, the market continued to fluctuate under selling pressure from investors.

At the end of the trading session on February 21, VN-Index decreased by 0.02 points to 1,230.04 points. The entire floor had 239 stocks increasing and 262 stocks decreasing, 60 stocks remaining unchanged.

HNX-Index increased 0.35 points to 233.84 points. On the whole floor, 83 stocks increased, 90 stocks decreased and 62 stocks remained unchanged. UPCoM-Index increased 0.08 points to 90.61 points. The VN30 basket had 17 stocks decreasing in price.

After 3 sessions of being "heroes", in today's session, the two codes VIC and VHM of Vingroup were "culprits" when they took away a total of more than 2.4 points from the general market due to profit-taking pressure from investors. However, VRE of the Vin family still went against the trend, increasing 1.96% to 26,000 VND/share and contributing nearly 0.3 points to the index.

The technology group took the lead with the “big brother” FPT increasing by 1.53% and contributing 0.5 points to the market. The positivity also spread to other stocks in the same industry such as ELC increasing by 1.65%, SRA increasing by 2.78%, SGT increasing by 2.04%, SRB increasing by 9.52%.

Positivity also dominated the banking group when there were 5 codes in the top 10 that increased the market points, namely BID, CTG, TPB, STB, VPB.

Notably, STB increased by 2.61% and matched orders of more than 44.4 million units after the information that it was likely to have successfully auctioned Phong Phu Industrial Park with a value of over VND 7,900 billion and was waiting to receive payment, as announced by Agriseco Securities Company in a report published on February 19.

This is a debt arising from SouthernBank's lending in the period 2011 - 2012. Although this morning, Agriseco corrected it to "STB is expected to successfully auction Phong Phu Industrial Park in 2024", but that did not prevent investors from being excited about STB shares, helping this code increase sharply as soon as it opened and maintain a good growth momentum in the following period with the highest liquidity in the market.

In addition, in today's session, the banking group was also the focus of foreign investors when MSB code was net bought 481 billion VND, STB 191 billion VND and BID 44.6 billion VND.

Finance - Banking - Red dominates, sudden change in banking group (Figure 2). — Stocks that move the market.

The total order matching value in today's session was VND24,638 billion, up 4%, of which the order matching value on the HoSE floor reached VND22,593 billion, up 6%. In the VN30 group, liquidity reached VND10,413 billion.

Foreign investors net bought for the third consecutive session with a value of 26.2 billion VND today, of which this group disbursed 2,033 billion VND and sold 2,006 billion VND.

The codes that were mainly bought were MSB 481 billion VND, STB 191 billion VND, AAA 83 billion VND, BID 44.6 billion VND, KDH 40 billion VND,... On the contrary, the codes that were strongly sold were HPG 148 billion VND, MWG 95 billion VND, GEX 76 billion VND, MSN 52 billion VND, NVL 50 billion VND,... .

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