Liquidity is 5 times higher than average, VPBank attracts strong cash flow
VPBank shares (code: VPB) increased sharply in the trading session on May 14, closing at VND18,900/share - the highest level in the past 2 months. Notably, liquidity exploded with nearly 100 million units, equivalent to more than VND1,800 billion in transaction value, more than 5 times higher than the average of the last 10 sessions.
This is the 7th consecutive increase of VPB, but the first time the stock closed at the ceiling level, showing the demand was pushed up mutated. Buying commands appear dense from the beginning of the afternoon session, maintaining pressure until the end of the session and causing the seller to almost empty.
On the technical chart, the session 14.5 marked VPB's peak surpassing the accumulation area that lasted from March to early May. The sharp increase in the supply of candles accompanied by large liquidity is a typical signal of the "breakout" model, which is considered by investors to be a sign of establishing a new uptrend.
The fact that stock prices broke out at the same time, surpassing the moving averages of MA10, MA20 and MA50 in the same session is a positive signal, especially in the context that the general market has not yet escaped the state of sideways fluctuations.
The psychological effects of media and brands?
Before this strong increase, VPBank attracted attention when it announced the invitation for male singer G-Dragon - a member of the BigBang music group - to attend the "K-Star Spark" music festival event in Vietnam. The information was widely spread on social networking and media platforms from the evening of May 13.
Although not directly related to financial factors or business results, this event is considered a different step in the brand in the banking sector - which rarely uses a public image. Some investors believe that the media effect of this information can create more short-term psychological momentum, contributing to attracting speculative cash flow.
However, it should be emphasized that there is no evidence to determine the link between events and stock prices, especially when VPB has had a series of 6 consecutive increases before.
Closely monitor market reactions in the coming sessions
According to the consolidated financial statements for the first quarter of 2025, VPBank recorded pre-tax profit of about VND 15,600 billion - an increase of more than 80% over the same period. This is one of the highest increases in the private banking group in the first quarter of the year.
Along with that, other financial indicators also recorded positive changes, in which the capital savings ratio (CAR) was improved thanks to increased charter capital, while the personal loan portfolio grew again. VPBank is currently continuing to focus on the consumer finance sector, while restructuring some strategic investments.
Analysts believe that if liquidity continues to remain high in the following sessions, VPB shares may establish a new price level around the 19,500 - 20,000 VND range. However, technical risks may also arise if buying pressure weakens or profit-taking sentiment increases after a series of hot increases.
In the short term, the market will observe additional factors such as: dividend sharing plan in 2024, strategic cooperation developments at FE Credit subsidiary, and capital flows from foreign investors - which are showing signs of returning to some large bank stocks.
