The “King” stock group is the main fulcrum for the Vietnam Index to maintain its upward momentum.

Vietnamese stocks – “King” stock group is the main fulcrum to maintain rising momentum

At the end of the first trading week of the New Year in 2024 (January 2-5, 2024), the two major market indexes continued to rise even though there were only four trading days. Specifically, the VN-Index rose 2.19% from the end of the previous trading week to 1,154.68 points. The HNX index rose 0.74% this week to close at 232.76 points.

Consistent with the upward momentum, liquidity on both exchanges this week was higher than the previous week. On HOSE, the average number of matches per session increased by more than 26% to over 886.7 million shares per session. On HNX, average liquidity increased by nearly 16% to approximately 74 million shares/session.

The market received a lot of information last week. For example, at the government press conference on the evening of January 5, Vice Minister of Finance Nguyen Duc Chi stated that the Ministry of Finance, together with relevant ministries and commissions, is actively adopting a variety of different solutions to vigorously implement them to achieve the upgrade of the stock market as soon as possible. Replacement standards.

*Vice Minister Nguyen Duc Chi: Vigorously implement solutions and upgrade the market as soon as possible

Internationally, according to the minutes of the December 2023 meeting, Federal Reserve (Fed) officials concluded that an interest rate cut may occur in 2024, but it is unclear when this decision will be made.

* Fed agrees to cut interest rates in 2024, but timing remains uncertain

In terms of contribution, the prosperity of banking stocks is the main support vietnam index Maintain growth momentum. Therefore, the most active stocks on 9/10 this week belong to the “King” stock group, including VCB, CTG (HM:), MBB (HM:), BID, ACB (HM:), TCB (HM:), VIB (HM:) :), SHB (HM:) and set-top box (HM:).

The stocks mentioned above are helpful vietnam index A cumulative improvement of nearly 20 points, among which “Big Brother” Vacuum circuit breaker Scored more than 8.3 points – the highest on the entire floor; more than 3 times higher than the second-ranked code CTG 2.6 points; MBB 2.4 points…

The driving force for the rise in bank stocks mainly comes from the information that the credit growth target was set at the beginning of 2024 to be 15%.

*Credit will reach 13.5% by the end of 2023, and the National Bank will give “room” to all credit from the beginning of 2024

*Why did bank stocks “float” on January 4?

*Can “money buying and selling” stocks “make money”?

private Vacuum circuit breakerIt is worth noting that Vietcombank (HM:) has just announced its preliminary operating results for 2023, and its pre-tax profit has completed the established plan (specifically an increase of 10.2% compared with 2022); the ROAA and ROAE indexes remain high, at 1.78% and 21.68% respectively. .

By 2022, the bank’s consolidated pre-tax profit will reach VND 37,368 billion.Therefore, the comprehensive profit before tax is Vacuum circuit breaker It is expected to reach approximately VND41.2 trillion in 2023; setting a new record for banking industry profits and may continue to maintain a large gap with BIG4 group banks such as BIDV (HM:), VietinBank and Agribank.

*Vietcombank: Credit growth will be 10.6% in 2023, and the bad debt rate will be controlled below 1%

On the other hand, symbol SSB was the only bank stock group represented in the group that pulled lower but only took away profits. vietnam index Less than 0.2 points.

Among the “king” stocks, GAS stock (HM: ) was the only representative of the energy group among the 10 most active stocks this week, rising nearly 1 point. vietnam index.

last week, gas The 2023 shareholder and investor meeting will be held on January 3. Here, the company announced its preliminary operating results for 2023, with comprehensive revenue exceeding 93 trillion VND, pre-tax profit exceeding 14 trillion VND, and after-tax profit exceeding 11 trillion VND. It is expected to pay more than 6 trillion VND to the national budget. shield.

In the basket, green appears to dominate, with 24 stocks participating in the growth group, including MBB Leading by more than 5.5 points, closely followed ACB An increase of more than 5.2 percentage points, TCB Nearly 3.3 points… The remaining 6 stocks in the group were lowered, with the leading VIC (HM:) lowered by less than 0.6 points, and the lower ranked HPG (HM:) only lowered 0.5 points.

for HNX-index, BAB stock (HN: ) rose nearly 0.4 points last week and emerged as a major support column; NVB (HN: ) trailed slightly by 0.3 percentage points. Among the losers, HTP was the most heavily weighted stock, down more than 0.3 points.

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