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The stock market marked another active trading session on April 16 after yesterday’s sharp decline. Selling pressure dominated in the afternoon, driving the index to temporarily break below the 1,200 point mark before recovering thanks to bargain hunting near the end of the session.
The VN-Index closed the session with a drop of 0.93 points (-0.08%) at 1,215 points. The HoSE market trading value remained high, exceeding VND27,000 billion. The HNX-Index lost 0.88 points (-0.38%) to 228.83 points, while the UPCOM-Index eased 0.35% to 88.63 points.
During the session today, bank stocks exhibited mixed performance with 13 rising, 13 falling, and one remaining at reference price. At the close, LPB surged 4% – the highest gainer in the banking sector and almost completely recouping yesterday’s losses.
Regarding this stock, LPBank has just announced its business results in the first quarter with pre-tax profit reaching VND2,886 billion, up 84.36% year-on-year, fulfilling 27.49% of its yearly plan. According to LPBank, this result is attributed to the Bank’s acceleration of credit growth from the beginning of the year. LPBank also focused on cross-selling products and services, particularly foreign currency, remittances, import-export, among others.
Along with LPB, many bank stocks in the VN30 group also rebounded after yesterday’s “fiery” session, such as: TCB (+2.5%), MBB (+2.1%), CTG (+1.8%), BID (+1.2%), ACB (+1.1%), while SHB continued its rally, adding another 1.3%.
In the context of the above results, four banking stocks were among the top 5 contributors to the VN-Index today: TCB, BID, CTG, and MBB.
On the downside, about half of banking stocks still closed in the red today, with NVB leading the decline, losing 5% of its value. Other banking stocks dropping over 2% in today’s session include: VAB (-3.3%), VBB (-2.9%), OCB (-2.9%), and KLB (-2.6%).
In terms of liquidity, although significantly lower than yesterday, the banking group’s liquidity remained high. SHB remained the leader with a matched trading volume of over 33.2 million units.
MBB also maintained high liquidity with up to 32.7 million shares traded directly on the floor, of which nearly 16.7 million were MBB shares.
VPB and STB also recorded good trading volumes, with liquidity reaching 23.6 million shares and 22.7 million shares, respectively.
