A lot of information supports banking stocks to break out

Notably, the group banking stocks strong breakout thanks to a lot of supportive information. Specifically, in banking stocks, EIB increased by 4.9%, ACB by 4.8%, MSB by 4.3%, VIB by 2.5%, TPB by 2.2%, and TCB by 2% …

The supporting information for banking stocks can be mentioned as: information about 40,000 billion VND interest compensation package; extending the bad debt settlement period according to Resolution 42/2017/QH14 on piloting bad debt settlement of credit institutions until the end of 2023. At the same time, it is possible to consider granting a new credit room for some credit institutions. The bank is almost running out of credit room.

Large-cap stocks are the main driver of the index’s rally VN-Index today. In the VN30 stock basket, there were 29 gainers and only 1 decliner. Typical gainers such as: FPT up 5.9%, MWG up 5.5%, VNM up 2.4%, POW up 1.5%, MWG up 1.3%…; in which, PNJ increased by 7% to the ceiling price.

Green color also dominated in real estate stocks. All 3 stocks in the Vingroup family increased in price. Small and medium-cap codes such as: CEO, DIG, KBC, NLG, HDC, HQC, ITA… were also on the upside.

Similar to the banking group, stocks in securities, insurance, construction and materials industries… also saw positive developments. Along with the market’s gaining momentum, foreign investors also returned to be net buyers today. Specifically, this block bought a net of 124 billion dong on HOSE, 17.23 billion dong on HNX and 2.64 billion dong on UPCOM.

Closing the session on May 27, VN-Index increased to 16.88 points to 1,285.45 points. Trading volume reached more than 697.2 million units, equivalent to more than 16,091.1 billion dong. The whole floor had 308 stocks of increasing price, 129 stocks of decreasing and 63 stocks of standing still.

HNX-Index dropped 2.12 points to 311.17 points. Trading volume reached more than 72.4 million units, equivalent to 1,665.2 billion dong. The whole floor had 125 stocks of increasing price, 73 stocks of decreasing and 59 stocks of standing still.

UPCOM-Index increased 0.34 points to 95.29 points. Trading volume reached more than 62.6 million units, equivalent to more than 839.6 billion VND. The whole floor had 211 stocks of gaining, 138 stocks of decreasing and 116 stocks of standing still.

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