After the holiday break, the domestic stock market has shown positive developments, led by large-cap stocks, with the banking sector taking the lead. Out of 27 banking stocks, 23 have experienced price increases, with MSB hitting the ceiling. Banking stocks have dominated the market, with TCB leading the way, followed by MBB, MSB, OCB, VPB, VIB, SHB, and TPB.
On the first trading session of the year, MSB set a record trading volume with over 35.3 million shares. Nearly 9.8 million shares were traded at the ceiling price of VND 15,050 per unit. MSB’s liquidity reached over VND 524 billion. Alongside MSB, other banking stocks also had a strong start to the year. MBB recorded a trading volume of VND 576 billion, the second-highest on the exchange. STB achieved a liquidity of VND 538 billion, ranking fourth. SHB followed closely with VND 530 billion…
Banking stocks simultaneously decline in price.
Banking stocks are attracting a significant amount of capital, playing a key role in supporting the market’s upward momentum. In the new year, NAB, the stock of Nam A Bank, will also join HoSE. NAB’s first trading date on HoSE is expected to be March 8. Prior to that, NamABank has been approved by HoSE to list its shares. This is the only bank to successfully transfer from UPCoM to HoSE in 2023.
Alongside banking stocks, some large-cap stocks also had notable trading activities on the first day of the year. HPG led the market in terms of liquidity with a trading value of over VND 1,060 billion. The stock closed at VND 28,700 per unit, up 1.95%. Other stocks in the steel sector also experienced a surge in price. The securities, real estate, and oil and gas sectors all showed positive signs. In the securities group, TVC and TVB also hit the ceiling.
Although the market started off strong, its upward trend was challenged by selling pressure after the long holiday. Clear selling pressure was evident from around 2 PM, when stocks purchased before Tet were deposited into investors’ accounts. The VN-Index dropped from its peak and at one point went below the reference level.
At the close, the VN-Index increased by 3.97 points (0.33%) to reach 1,202.5 points. The HNX-Index increased by 1.71 points (0.74%) to reach 232.75 points. The UPCoM-Index increased by 0.73 points (0.82%) to reach 90.06 points.
Liquidity increased, with a trading value of over VND 18,600 billion on HoSE. Foreign investors also cashed in their profits on the first trading session of the year, with net sells amounting to VND 362 billion, focusing on VNM, CTG, MWG… Conversely, MSB and HPG were the most heavily bought stocks.
