VN-Index continues to surpass the peak, TPB - ORS duo suddenly hit the ceiling

Cash flow continues to pour into financial stocks, thereby helping the stock market extend its upward momentum.

The Vietnamese stock market continued to perform positively in the morning session on July 9, with the main driving force coming from financial stocks. At the end of the morning session, the VN-Index increased by nearly 13 points, temporarily stopping at 1,428.08 points. Six financial stocks, including VCB, BID, SSI, VPB, TPB and CTG, contributed more than 8 points to the index's upward momentum.

Six financial stocks, including VCB, BID, SSI, VPB, TPB and CTG, contributed more than 8 points to the index's upward momentum.

Market liquidity remained high, with the total trading value on all three exchanges exceeding VND20,275 billion. Of which, the HoSE floor alone contributed more than VND 17,659 billion, showing that cash flow continued to flow strongly into the market in the context of a series of large-cap stocks increasing in price.

The highlight of the morning trading session was the breakthrough of the TPB and ORS duo, when both codes hit the ceiling and were among the stocks with the strongest increase in the market. TPB recorded a trading volume of up to 44.5 million units, while ORS reached 22 million units - much higher than the average of recent sessions.

In addition to TPB and ORS, many stocks in the financial group such as SSI, VCB, VPB, SHS, VND... also recorded strong price increases with explosive liquidity.

According to the assessment of Construction Securities (CSI), the bullish signal of VN-Index is still completely dominant. However, experts at CSI also warned about the level of risk when the market has experienced a strong increase from the bottom of 1,074 points to the present. In that context, new buying positions may face short-term adjustment pressure.

“At this time, investors should consider taking profits, realizing profits and reducing the proportion of stocks in the portfolio. When the VN-Index surpasses the threshold of 1,418 points and enters the 1,424 - 1,436 point range, priority should be given to selling more strongly. The proportion of cash should be raised to 80% or more,” CSI recommended.