The group of “king stocks” pulled the market, VN-Index conquered the 1,150 point mark

The group of “king stocks” pulled the market, VN-Index conquered the 1,150 point mark

VN-Index opened this morning’s trading session (January 4) quite positively, increasing more than 3 points and entering the 1,145-1,150 point range, but also quickly retreated sharply to close to the reference. After 30 minutes of opening, the main HoSE index only increased slightly by 0.4 points, to 1,144 points, HNX-Index increased better, reaching 0.3%, temporarily trading at 232 points.

The highlight of this morning session is the positivity of banking stocks. At the press conference to deploy the State Bank’s 2024 mission held yesterday (January 3), Permanent Deputy Governor Dao Minh Tu said the current new deposit and lending interest rates of banks Trade has decreased by about 2 percentage points compared to the end of 2022.

Although the interest rate level is lower than the period before the Covid-19 epidemic, the State Bank still requires credit institutions to save more costs and carry out synchronous solutions to bring interest rates even lower (if conditions apply). allow).

In particular, Deputy Governor of the State Bank Dao Minh Tu also emphasized that in 2024, the State Bank will not raise the issue of increasing interest rates even though interest rates are currently the lowest in the past 20 years.

Reacting to this information, this morning’s trading session saw positive developments in banking stocks. It can be mentioned that BID, VIB, STB, SHB and ACB had a slight increase, contributing to the increasing momentum of the index. However, there are still some codes such as VCB, TCB, VPB that are sinking in the red.

Towards the end of the morning session, the “king stocks” group became more and more exciting. At 10:30 a.m., three stocks BID, MBB and CTG contributed about 2.4 points to the increase in the VN-Index.

In addition to the group of “king stocks”, the group of securities stocks also traded quite actively, notably SSI and VND both increased by over 2.4%, SHS increased by more than 2%, VCI inched up 1.4%.. It can be seen that in the top 10 stocks with the most positive influence on the VN-Index, there are 8 banking codes, besides the two giants SSI and FPT.

At the end of the morning session, VN-Index increased nearly 11 points (0.94%), to 1,154.86 points. Accordingly, on HoSE, the number of increasing codes was nearly double that of decreasing ones, notably the large capitalization group increased the most (Large Cap index increased more than 1%).

In the VN30 basket, only VJC and BCM decreased slightly, the rest all increased well. In particular, leading the growth in the VN30 basket is SSI with an increase of 3.5%, MBB increased by 3.1%, BID increased by 2.5%, TCB and VIB increased by 2.2%. “Big man” VCB with an increase of more than 1% also contributed 1.2 points to the increase of VN-Index.

HNX-Index ended the morning session also expanding its increase to 1.2 points, pausing at 232.85 points, with only UPCoM slightly decreasing by 0.3 points.

Market liquidity increased sharply with VND 13,000 billion. However, the only negative point is probably the fact that foreign investors maintain a net selling position on HoSE with a value of 184 billion VND.

Entering the afternoon session, banking stocks continued to surge strongly, pulling the VN-Index up to nearly 16 points at one point. VN30-Index even increased nearly 22 points, in which stocks MBB and CTG were at times stretched to their full range, while other banking codes such as STB, SSB, BID, VPB, HDB, ACB, TCB, VIB, SHB, TPB increased by 2-4%.

Towards the end of the session, the banking group began to weaken. At the time after 2:30 p.m., banking codes such as VCB, CTG, TCB, HDB, ACB, VPB, TPB… decreased slightly and only contributed to pulling the index by nearly 6 points.

However, it is worth noting that the BID code had an unexpected reversal. This code increased from 2.5% in the morning session then suddenly fell below the reference, down 0.3% at the close.

However, in the top 10 stocks with the most positive impact on the VN-Index, there are 8 banking codes, besides the two giants GAS and FPT.

At the end of the session, although the VN-Index narrowed to an increase of only 6.55 points, in general it still successfully conquered the 1,150.72 point mark after a series of increases of 3 consecutive sessions. Meanwhile, HNX-Index also increased slightly by 0.92 points (0.4%) to 232.56 points. UPCoM-Index alone decreased slightly by 0.08 points (-0.09%) to 87.73 points.

Market liquidity increased by 72.5% compared to the previous session, reaching VND 28,333 billion with more than 1.3 billion shares changed hands.