Banking and Real Estate Stocks See Late-Hour Surge in Price

The stock market on September 26 witnessed a sudden increase in the prices of banking and real estate stocks during the last hour of trading. This trend has sparked optimism among investors, who expect the upward momentum to continue.

Following the excitement of the previous session, stocks opened on September 26 in the green. However, the morning session saw some large stocks drop in price, restraining the score.

As the afternoon session progressed, the VN-Index saw a significant widening of its gain margin, driven by strong demand for banking and real estate stocks. This was evident in the price increases of TPG (6.7%), HDB (3.8%), MSB (5.4%), and Vingroup stocks, including VIC (1.5%), VHM (0.57%), and VRE (0.52%).

Foreign investors also played a significant role, net buying stocks with a total net value of 969 billion VND, focusing on TPB, DXG, and HDB.

The VN-Index closed at 1,291 points, up 4 points, equivalent to 0.3% at the end of the session.

ACBS Securities Company noted that the market maintained its upward momentum for most of the trading time, with high liquidity supporting the upward trend of stock prices.

“In the near future, the market is likely to experience a strong struggle at the 1,300 point area. After that, the upward trend is expected to continue,” ACBS forecasts.

VCBS also weighed in, stating that the increased selling pressure at the end of the session on September 26 is not a cause for concern. This move only reflects investors’ caution as the market approaches the 1,300 point region.

VCBS recommends that investors avoid chasing high-priced stocks, especially those at their peak and showing signs of strong selling. Instead, they can hold stocks that attract cash flow from banking and real estate groups and take advantage of fluctuations in each session to disburse some stocks in the oil and gas industry and public investment.