Bank stocks recover, SSB hits ceiling price.
The recovery signals in banking stocks and Gelex-group stocks helped the market rebound, quickly allowing the VN-Index to regain the psychological 1,800-point mark.
Opening the trading session on September 15th, the market showed positive signs of recovery as green spread across the electronic board. Although liquidity remained modest and the upward momentum in most sectors was not yet truly strong, improved demand was enough to help the VN-Index rebound and return above the 1,800-point mark.
A notable highlight was SSB, which continued its upward trend with a 6.9% increase to 20,900 VND per share. Alongside this, many bank stocks in the VN30 index also traded positively, with LPB, VPB, VCB, BID, and CTG all rising by around 2%.
Besides the banking sector, Gelex group stocks also recovered simultaneously, with VIX, VGC, GEX, and GEL increasing by 3-5%. Notably, GEE surged to its maximum limit of 61,700 VND/share, becoming one of the bright spots in this group.
In the banking sector, VPB (+1.47%), MBB (+1.27%), TCB (+0.94%), CTG (+2.18%), VCB (+1.71%), and BID (+2.1%) all performed well. In the financial services sector, VIX (+3.17%), SSI (+0.99%), VND (+1.71%), VCI (+2.04%), SHS (+1.43%), and HCM (+1.01%) all performed well.
Real estate group: VIC (+0.04%), VHM (-0.14%), VRE (-0.58%), KDH (+0.32%), CEO (+0.8%) and VC3 (+0.43%). Oil and gas group: BSR (+1.93%), PLX (+3.12%), PVD (+0.79%), PVS (+0.92%) and OIL (+1.44%).
At the close of trading, the VN-Index rose 14.11 points to 1,802.34 points (+0.79%) compared to the previous session. Similarly, the HNX-Index increased by 272.39 points (+0.17%), equivalent to 0.45 points. Meanwhile, the UPCoM-Index decreased by 124.3 points (-1.06%), equivalent to 1.33 points.
Market liquidity reached VND 6,084.05 billion, with 252 million shares traded. Across the sector, 178 stocks increased, 116 decreased, and 57 fell to the reference price.
According to experts at AIS Securities Company, yesterday the market experienced its second consecutive day of decline, pushing the VN-Index back to test key technical support levels.
The sole source of support came from the energy sector. Meanwhile, active selling pressure intensified sharply in highly sensitive sectors such as securities, real estate, and industry.
Technically, the 1,780 - 1,790 point range, equivalent to the MA50 and MA200 trend lines, continues to act as a key support level in the short term.
If demand in this area is not strong enough to absorb the supply pressure, the index risks extending its decline to a deeper support level around 1,750 - 1,760 points.
In the context of a market correction, investors should prioritize risk management and avoid buying stocks that are weakening in price.
According to experts from Asean Securities Company, VN-Index is operating in a neutral state with balanced supply and demand pressure, as technical indicators such as RSI (14) at 48 and MFI at 60 show that money flow has improved but the short-term trend still needs more time to confirm.
With the index remaining below the MA10 and MA20 but not yet losing key support levels, the market is likely to continue consolidating within a narrow range around 1,780 - 1,810 points before forming a clearer trend.
