On September 26, bank stocks saw a significant surge, with 18 out of 27 stocks closing in the green.

TPBank's stock (TPB) was the highlight, soaring in the afternoon session to close at the ceiling price of 16,650 VND per share (+6.73%). TPB's liquidity reached a record high, with nearly 62 million shares traded, valued at around 1,000 billion VND.

Foreign investors also heavily bought TPB during this session, purchasing 13.9 million shares while only selling 6 million, resulting in a net buy of nearly 8 million shares, with a net trading value of 127 billion VND.

This marked the fourth consecutive day of price increases for TPB, especially following the bank’s announcement of a 20% stock dividend on September 24. TPBank plans to issue an additional 440.3 million new shares for this purpose. After the issuance, TPBank’s charter capital will increase from 22.016 trillion VND to a maximum of 26.420 trillion VND, with nearly 2.642 billion shares outstanding.

With the closing price on September 26, TPB is at its highest level in over two years (since June 2022).

Earlier, in July 2024, TPBank had paid a cash dividend of 5% to shareholders, totaling over 1.1 trillion VND.

Other bank stocks also experienced impressive gains today, including MSB (+5.44%), HDB of HDBank (+3.85%), OCB (+3%), and EIB (+2.58%).

HDB saw a sharp increase in liquidity, with nearly 19 million shares traded, valued at over 500 billion VND—2 to 3 times higher than early-week sessions. Additionally, foreign investors net bought nearly 4 million shares of HDB, worth 106 billion VND.

OCB recorded its highest liquidity since early June, with trading value on September 26 reaching 58 billion VND.

Several large-cap stocks also performed well, including TCB of Techcombank (+1.26%), CTG of VietinBank (+1.11%), and VPB of VPBank (+0.77%). Conversely, VCB of Vietcombank (-0.32%) and MBB (-0.19%) faced declines.

The positive movement of bank stocks in recent sessions has significantly contributed to the rise of the Vn-Index, bringing it close to 1,300 points today.

In a recent analysis report, VCBS Securities Company projected that the banking sector’s profit could grow by about 10% in 2024, with varying profit outlooks among different banking groups. The analysis team considers the investment outlook for bank stocks to be in line with the market, noting that the sector’s P/B valuation is currently about 9% lower than the 5-year average. Long-term investment considerations include banks with good asset quality and superior growth rates compared to the sector, such as ACB, HDB, MBB, MSB, OCB, STB, TCB, TPB, and VIB.