Green color covers the market, finance and banking groups lead the market

At the end of the morning session, VN-Index increased by 33.28 points (+2.02%) to 1,679.10 points, HNX-Index increased by 2.54% to 272.51 points, and UPCoM-Index increased by 0.5% to 109.56 points. The whole market recorded 489 stocks increasing in price, 13 stocks hitting the ceiling, while only 161 stocks decreased.

Photo caption — Industry groups increased strongly in the morning session of October 6. Screenshot

Trading value reached VND19,896 billion, a sharp increase compared to previous sessions, with matching volume of more than 704 million units, the highest level of the week. Foreign investors bought VND1,493 billion and sold VND2,709 billion, equivalent to net selling of more than VND1,200 billion, but the selling intensity decreased compared to last week.

Domestically, individual and institutional investors simultaneously bought, focusing on the securities - banking - steel group, helping the market recover strongly. In particular, the finance - securities group was the focus, with SHS (+7.82%), SSI (+6.91%), VND (+6.82%), VCI (+5.89%), MBS (+7.03%) increasing sharply. In the banking group, many large codes increased simultaneously such as VPB (+4.92%), VCB (+3.51%), CTG (+1.77%),ACB (+2.92%) and HDB (+1.82%), creating a great driving force for the index.

In addition, real estate also recovered positively with VRE (+6.26%), DXG (+3.74%), VHM (+1.18%), while the steel group recorded HPG (+3.98%) continuing to consolidate its supporting role. By industry group, financial services increased by 5.59%, essential goods trade increased by 3.6%, raw materials increased by 2.29%, and credit institutions increased by 2.08%, reflecting a clear recovery momentum across the board.

Previously, securities companies all commented that the trend of VN-Index was still in the accumulation range of 1,630 - 1,670 points, with low liquidity and cautious sentiment. However, the increase on the morning of October 6 showed that a technical recovery signal was forming.

According to VCBS Securities, the index is still fluctuating within the narrow Bollinger band but demand is gradually dominating, as shown by the fact that the corrections are quickly absorbed. Meanwhile, SHS believes that the VN-Index maintaining the support zone of 1,660 points helps the short-term trend turn positive, opening up the possibility of conquering the 1,680 point mark again next week if liquidity is maintained.

From a medium-term perspective, TVS believes that the 1,630 - 1,670 point range continues to be a necessary accumulation zone before the market establishes a sustainable uptrend. Banking, securities and steel stocks are considered the three pillars that are playing a leading role, thanks to positive third-quarter business results and expectations of public investment recovery in the last months of the year.

Notably, Aseansc said that this week's fluctuations could be significantly impacted by FTSE Russell's market classification report released on October 8. If Vietnam's outlook is upgraded to the "upgrade monitoring" group, foreign capital flows could react positively in the short term. Although foreign investors still sold a net amount of less than VND200 billion this morning, the general trend is gradually stabilizing as selling pressure is mainly concentrated on a few large-cap stocks.

With the current signs of recovery, analysts believe that the VN-Index will likely retest the 1,680 - 1,700 point range next week. However, short-term profit-taking pressure may still appear, especially when the third quarter business results reports are not consistent among industry groups. Investors are recommended to maintain a moderate stock weight, prioritizing banking, securities and construction materials groups, which are clearly demonstrating their leading role in this technical recovery phase.

Source: https://baotintuc.vn/thi-truong-tien-te/sac-xanh-phu-rong-nhom-tai-chinh-va-ngan-hang-dan-dat-thi-truong-20251006115829700.htm