The market is still green, however, the increase is not large and the matching volume has not really exploded, so the momentum is not strong. However, this is still a positive signal to reinforce the current view of holding the portfolio and the possibility that the previously tested support zone of 1,260 points will help the stock market continue to increase.
Bottom-fishing cash flow is active again in some stock groups, spreading the recovery effect to most of the market. With the above developments, trading sentiment is expected to improve somewhat, helping the index regain momentum and move towards further resistance levels.
The story that investors are interested in now is whether banking stocks will really play a leading role in the market in the coming time or not?
Credit growth target is the main story of the banking industry, when the State Bank can open more room for banks to achieve credit growth target early.
Strong credit growth of banks is also seen as supporting the profits of stocks in this group in the last period of the year and early 2025.
Investors are quite interested in whether there will soon be a wave with stocks in this industry group or not?
It is known that the State Bank plans to expand credit room, creating conditions for banks with abundant liquidity to continue to boost lending in late 2024 and early 2025.
This directly supports the banking group's profits in the fourth quarter of 2024 and the whole year of 2025. This is also an annual cycle to meet the economy's increasing capital demand at the end of the year and also contributes to promoting GDP growth, creating a capital circulation cycle for the economy.
With interest rates remaining low and funding costs falling, net interest margins are likely to improve for large banks. However, fierce competition on interest rates among banks could squeeze margins for some smaller banks.
And what is of more concern to analysts is whether Circular 02 will continue to be extended or not. This will be a factor that strongly impacts the banking industry in the short and medium term. If Circular 02 is not extended, banking stocks will face unfavorable impacts.
In the current context, experts still recommend that investors protect their profit achievements and maintain a reasonable portfolio ratio. At the same time, they should have cash ready to consider disbursing when the recovery trend is clearly confirmed with a good increase in trading volume and stocks with attractive valuations, focusing on long-term investment stocks with a solid foundation and positive business prospects.
