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The 5 stocks that got the most from the VN-Index today were bank codes. The emergence of good news spurred investors to buy bank stocks, which drove this group up strongly.
VN-Index closed the session with an increase of 11.72 points, equivalent to 1.11% compared to the reference. This increase was even stronger than yesterday’s decrease (-8.82 points). So once again the market shows that any sudden drop is an opportunity to buy as the market will go even higher.
The market only recovered normally in the first half of the morning session. Until 10 in the morning, VN-Index even increased by less than 3 points. TCB at that time has increased by almost 5.2%. Other bank codes did not increase much, such as VCB increased 0.4%, VPB increased 0.35%, MBB increased 0.47% …
All attention is on TCB due to the information that JP Morgan “likes” this action and recommends increasing the ratio. The bank’s report also mentions a number of other bank actions. Actually, the reasons for “like” JP Morgan are not new, national securities companies have already mentioned it, but analysis in a foreign language always carries more weight.
Until around 10:30, TCB rose to the maximum price and the shares of other banks began to rise sharply. The industry group effect is evident because a good TCB also means that other banks are good. Unable to buy TCB, investors invested money in the remaining bank stocks.
Small bank stocks started faster after TCB. VPB, MBB started to accelerate very fast. VCB, BID flattened until the beginning of the afternoon session did not begin to rise strongly. But when the stocks of the largest banks rose, the VN-Index also soared.
Among industry indices on the HSX, the VNFinance index increased by 3.18%. Many banks closed with excellent growth, such as TCB increased in breadth, MBB increased 3.49%, VPB increased 4.27%, VCB increased 2.15%, BID increased 2.82%, CTG increased 1.14%, STB increased 4.08%. These bank codes contribute up to 8 points out of a total of 11 points for the VN-Index.
Almost only bank codes raised the BV index more clearly. The rest of the blue-chips did not have a strong trade: VIC rebounded from a drop to a benchmark level in drama; VHM increased 0.23% just in the ATC period; VNM increased by 0.36%, SAB increased by 0.05%, GAS increased by 0.47%; HPG increased 0.52% also corrected the ATC period; MSN closed to find the reference level again.
However, the VN30 index also increased 1.65% with 23 winners and only 3 losers. Not only the previous bank codes accounted for a large proportion in this index, but also the VJC increased by 2.48%, the VRE increased by 1.33%. The rest of the stocks were trading normally, albeit slightly, against the backdrop of a rapid rise in stocks and a very strong index.
The breadth of the VN-Index at the end of the day was also very good with 297 advances / 133 declines. However, only the Smallcap group is strong, the index of this group increased by 1.15%. Midcap increased only 0.68%. The HSX also had only 18 shares at the ceiling price, but most of them had very good liquidity such as VNE, PLP, PAN, TDC, VOS, IJC, HAH, HNG …
On the HSX, there were nearly 80 winners above 2% and 45 stocks above 1%. This is also a very positive development, although the initial effects must all depend on the increase in bank values to be activated.
TCB reached the highest peak in 2 years and liquidity is very large.
In addition to the JP Morgan report to satisfy investors, bank stocks are also believed to benefit from the trend of lower deposit rates. Some banks have also increased their credit limit, which means more loans. The cash flow was invested in the purchase of bank shares in this session.
The 10 most liquid bank stocks today are trading above VND2.905 billion on match orders alone, which represents 26.5% of the total value matched on the HSX. The top 10 commercial codes on the market, half of which were banks, including TCB, MBB, STB, ACB, CTG, not to mention LPB and VPB, came in the next two positions.
TCB was the largest trading stock this session with almost 29.1 million shares, worth 799.8 billion dong. While this is not a TCB liquidity record, it is also the highest since the beginning of November. Today’s cap session took TCB price to the highest 2-year high and became the biggest bank share of the month. 12 with 16%.
Apart from bank stocks, there was no other group of stocks that was remarkably strong. The values fell a series: SSI decreased 1.76%, HCM decreased 1.4%, VND decreased 0.22%, BVS decreased 1.43%, MBS decreased 1.72%, AGR decreased 1.19% …
Thanks to the strong increase in liquidity of the banking group, global market transactions today also fell less. The total value matched on two exchanges was 11.850 billion dong, 11.7% less than in the previous session. The HSX trading floor decreased 11%, of which the VN30 decreased 10%, Midcap decreased 15%, Smallcap decreased 21%.
The liquidity drop of the VN30 was very notable as most of the banking codes increased liquidity. 9 bank codes in this basket traded approximately 2,432.3 billion dong, or 46.3% of the entire basket, meaning that other codes were trading much weaker. Even HPG, VJC, VNM, VIC, VHM … also lowered their liquidity compared to yesterday.
Foreign investors continued to be net sellers on the HSX with around 219 billion dong, of which VN30 with net sales was 101 billion dong. CTG, BID, VCB, VHM and GMD clearly bought strongly. On the opposite side, a lot of PAN, HPG, GEX, LCG, POW, SSI, VRE, FRT, VHC, NVL were also sold.
