Bank stocks lead the market rally.
The VN-Index continued to rise during the morning session of September 23rd; however, cautious investor sentiment prevented the index from breaking through, mainly fluctuating around the 1,820 point mark.
Opening the trading session on the morning of September 23rd, the market continued its upward trend but lacked sufficient momentum from capital inflows to break through, with the VN-Index mainly fluctuating around the 1,820 point mark. Demand remained quite cautious and concentrated mainly in the banking sector, thus becoming the main driving force supporting the index.
Among individual stocks, YEG and PET stood out, both hitting their upper limit, reaching 7,490 VND and 44,400 VND per share respectively. PET saw nearly 1.7 million units traded, while YEG traded nearly 1 million units; both stocks still had buy orders at the upper limit.
In the banking sector, TCB (+3.25%), HDB (+2.36%), MSB (+4.44%), TPB (+2.11%), VCB (+0.3%), and BID (+0.55%) all performed well. In the financial services sector, SSI (+0.48%), VIX (+0.77%), HCM (+1.8%), TCX (+0.16%), and MBS (+0.6%) also performed well.
Oil and gas group: BSR (+0.96%), PLX (+0.27%), PVS (-0.3%), PVC (-0.7%). Real estate group: VIC (-1.03%), VHM (-0.14%), KDH (-0.31%), TCH (-0.85%), DXG (-0.47%) and NLG (-0.42%).
At the close of trading, the VN-Index rose 2.21 points to 1,819.14 points (+0.12%) compared to the previous session. Similarly, the HNX-Index increased by 278.11 points (+0.43%), equivalent to 1.18 points, and the UPCoM-Index increased by 126.62 points (+0.39%), equivalent to 0.49 points.
Market liquidity reached VND 8,467.08 billion, with 336 million shares traded. Across the sector, 152 stocks rose, 125 fell, and 67 dropped to their reference price.
According to experts at AIS Securities Company, the VN-Index has rebounded positively, indicating that the market has reacted well at the important technical level of the 200-day moving average.
Although liquidity has somewhat narrowed, reflecting the cautious sentiment of large capital flows, the positive ripple effect across most sectors remains a key bright spot, laying the groundwork for strengthening market confidence.
Thanks to the activated recovery momentum, the VN-Index has the potential to extend its upward trend and challenge the key resistance level in the 1,840-1,850 point range.
Investors should prioritize holding stocks and banks that maintain strong cash flow; at the same time, they should proactively tighten risk management in groups under selling pressure.
According to experts at Kirin Securities Joint Stock Company, the stock market turned green again after two previous correction sessions and closed above the psychological 1,800-point mark. Notably, the green color was mainly concentrated in large-cap stocks.
In addition, liquidity decreased compared to the previous session, with trading volume at a low level, down nearly 28% compared to the 20-session average.
The price increase was concentrated in only a few large-cap stocks, and liquidity decreased, so the upward momentum was not strong enough to confirm a positive reversal signal.
