The stock market in the 4.12 session continued to maintain a stable increase, with the VN-Index closing at 1,737.24 points, up 5.47 points, equivalent to 0.32%.
In particular, real estate stocks showed a strong trend of attracting money, becoming the focus of the market. The financial services group also recorded an increase in cash flow, especially in the securities group. Meanwhile, the banking group no longer plays the role of a host, but still has notable bright spots.
MBB shares of Military Commercial Joint Stock Bank (MB) became the star of the VN30 basket when they increased sharply by 4.7%, closed at VND 25,700 and trading volume of VND 80.9 million of shares. This is the highest liquidity level in the whole market on the day, showing the special attraction of this code. This is also the third consecutive session that MBB has broken through, contributing to helping the main index maintain its upward flow to the seventh session.
In the last three sessions, MBB market price increased by more than 10%, equivalent to an increase of VND2,500/share. Despite a strong recovery, MBB is still about 8% lower than the historical peak of nearly VND28,000/share recorded in mid-October. This gap is assessed by analysts as an "attractive area", creating momentum to attract more demand in the context of the banking group showing signs of returning after the correction.
MBB's price increase occurred at a time when a series of enterprises under the Ministry of National Defense registered to sell more than 3 million MBB shares. Of which, Corporation 28 plans to sell 2.5 million shares; Defense Industry Technical Materials Company Limited sells 306,456 shares; and Mechanical Chemicals Company Limited 14 sells 232,984 shares. Despite the large number of registered stocks for sale, the market shows strong absorption when MBB has maintained its green color for many consecutive sessions.
The most prominent focus of the session was foreign cash flow. Foreign investors spent more than VND1,000 billion to buy MBB, making the stock the strongest net buy by foreign investors on the market on the day. The return of foreign cash flow with great intensity is considered a positive signal, reinforcing the expectation that MBB will continue to maintain its upward momentum in the coming time.
With sudden liquidity, strong buying from foreign investors and a recovery trend of the banking group, MBB is emerging as one of the leading codes in the market in early December.
