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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Immediately after the meeting with the new governor of the State Bank of Vietnam, many banks proactively lowered their deposit and lending rates. Expectations of further rate cuts have provided support for the market as funds return to the banking group, helping the VN-Index recover more than 13 points in today’s session (April 10).
The market recorded a positive recovery following a sharp pullback in the previous session, driven mainly by expectations of rate cuts and the return of money to several leading sectors.
During the session, the VN-Index rose by more than 26 points at one point before trimming gains and closing at around 1,750 points, up more than 13 points.
Market breadth favored gains but was not overwhelming, while liquidity remained near 27 trillion VND. Money did not return broadly; instead, it mainly concentrated on a handful of stocks with clear supporting narratives.
Bank stocks surged collectively and remained the main driver of the index. A series of tickers rose strongly, including TCB, MSB, LPB, and EIB, contributing to the market’s recovery.
The momentum followed news after the meeting between the State Bank and commercial banks. Some banks had proactively reduced deposit rates by 0.5–1% and committed to lowering lending rates.
Outside banking, funds also returned strongly to the oil and gas and fertilizer sectors, which had previously been discounted heavily. BSR became a focal point as it hit the ceiling, with liquidity surging. Other names such as PVS, PVD, PVT, and GAS rose in the range of 3–6%.
In contrast, the securities and real estate groups lagged somewhat. Many stocks corrected slightly or diverged, with red stocks predominating. However, declines in the securities group were generally around 1%, with SSI, VND, VCI, SHS, BSI, VCK, and MBS among those posting losses.
Another notable development was foreign investors turning net buyers of nearly 1,000 billion VND after a period of selling. Buying focused on large-cap names such as TCB, HPG, and MBB, helping bolster market sentiment. Whether foreign inflows can remain stable in the coming sessions remains a factor to watch.
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