VN-Index increased more than 10 points, focusing on banking, securities, and steel groups

A series of stocks in the banking, securities and steel groups increased strongly, contributing to pulling the VN-Index closer to the 1,300 point mark.

Vietcombank shares increased sharply after the Government proposed to invest additional state capital to maintain the state capital contribution ratio at Vietcombank with an amount of more than VND 20,695 billion.

After a session of increasing points with the increase spreading across many sectors, the stock indices were pulled above the reference level right from the beginning of the session with a series of sectors increasing in price. Although selling pressure sometimes increased, the buying force immediately returned and helped the indices stay in the green. VN-Index and HNX-Index both closed at the session's highest level.

The focus of attention was on banking, securities and steel stocks. In particular, the securities group stood out from the beginning of the session and mostly maintained its positivity until the close. MBS was the leading stock in this industry group when it broke out from the beginning of the trading session. MBS continued to increase by 5.76% and matched 7.6 million units. Following that, VIX also increased by 5.26%, SHS increased by 2%, VDS increased by 2.35%. Top securities codes such as SSI, VCI or HCM also increased in price well in today's session. SSI increased by 3.2%, VCI increased by 3.19%, HCM increased by 1.63%.

In the steel group, codes such as NKG, HSG, TLH, VGS or HPG... all increased in price. NKG increased by 2.8%, HSG increased by 2.7%, VGS increased by 4.1%... It is known that the positive performance of the steel group appeared right after the People's Bank of China (PBOC) announced a plan to launch the largest and most important monetary stimulus package since the Covid pandemic to prevent the housing market from plummeting. This move caused the price of steel bars to skyrocket to over 3,130 CNY/ton (session 24/9), the highest level in the past three weeks.

In the banking group, VCB, BID, MBB, VPB,ACB or TCB are all on the list of codes that have the most positive impact on the VN-Index. VCB contributed 2.16 points when it increased by 1.75%. Information that the National Assembly Standing Committee has considered additional state capital investment in Vietcombank through the form of stock dividends is the driving force to help VCB shares increase in price . Specifically, the Government proposed to invest additional state capital to maintain the state capital contribution ratio at Vietcombank with an amount of more than 20,695 billion VND.

Vietcombank shares lead the increase of VN-Index

Meanwhile, in the opposite direction, VNM, GVR, VHM, CTG… were the stocks that “ran out of breath” in today’s session despite the positive developments of the general market. VNM fell 1% and took away 0.36 points from the VN-Index. GVR also fell 0.41%, taking away 0.15 points. In the group of pharmaceutical stocks, IMP and DVN both fell quite sharply. IMP fell 2.9% and DVN fell 2.81%.

At the end of the trading session, VN-Index increased by 10.49 points (0.82%) to 1,287.48 points. The entire floor had 276 stocks increasing, 127 stocks decreasing and 71 stocks remaining unchanged. HNX-Index increased by 1.52 points (0.65%) to 235.84 points. The entire floor had 94 stocks increasing, 61 stocks decreasing and 65 stocks remaining unchanged. UPCoM-Index went against the trend when it decreased by 0.31 points (-0.33%) to 93.5 points. The pressure causing UPCoM-Index to decrease came from stocks such as VGI, ACV, MCH... VGI decreased by 0.89%, ACV decreased by 0.19%, MCH decreased by 0.1%.

Total trading volume on HoSE reached 993 million shares, equivalent to a value of VND22,791 billion, up 27% compared to the previous session, of which the negotiated value accounted for VND2,207 billion. Trading value on HNX and UPCoM reached VND1,567 billion and VND796 billion, respectively.

HPG ranked first in terms of total market trading value with VND1,076 billion. The following codes in the banking group were STB (VND920 billion), VPB (VND892 billion) and MBB (VND822 billion).

Foreign investors return to net buying, focusing mostly on Vietcap Securities stocks

During the entire session, foreign investors returned to net buying more than 500 billion VND on the HoSE. Of which, this capital flow bought the most shares of Vietcap Securities (VCI) with 90 billion VND. MWG and TCB were net bought 84 billion VND and 79 billion VND respectively. On the other hand, HPG was net sold the most with 66 billion VND. STB and VNM were net sold 61 billion VND and 33 billion VND respectively.

In the previous session, foreign investors had a sudden net selling session of 2,425 billion VND. However, VIB shares alone were sold by agreement for more than 2,600 billion VND. If excluding VIB shares' agreement transactions, in the past 2 weeks, buying power has been dominating foreign investors' trading movements.

Source: https://baodautu.vn/vn-index-tang-hon-10-diem-tam-diem-o-nhom-ngan-hang-chung-khoan-thep-d225827.html