1. Financial market News

VN-Index ends week with sixth straight gaining session

The benchmark VN-Index inched up 0.97 percent to 1,167.69 points Friday, its sixth straight gaining session, with bank stocks among the best performers. The main bourse Ho Chi Minh City Stock Exchange (HoSE), on which the VN-Index is based, saw 311 tickers gain and 137 lose. Total trading volume rose 5 percent to VND17.86 trillion ($771.9 million). This means the VN-Index has risen by over 4 percent since Monday, continuing its rising trend so far this year after surpassing the 1,100-point mark in the end of last year. The VN30-Index for the market’s 30 largest caps rose 1.53 percent this session, with 23 stocks gaining and six losing. Meanwhile, the HNX-Index for the Hanoi Stock Exchange, home to mid-and small-caps, rose 0.54 percent, while the UPCoM-Index for the Unlisted Companies Market gained 0.92 percent.

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2. Banking news

Which catalyst helps bank share prices rise in 2021?

In the recent 2021 Banking Industry Outlook report of SSI Securities Company (SSI Research), experts assess that banking stocks are still likely to increase in price with many supporting factors. In particular, the first factor is the continuation of the wave to go public, to change stock exchange. Specifically, it is expected that the listing of SeaBank and OCB will be done in first quarter 2021, followed by other names because there are only 21 listed banks out of 31 joint stock commercial banks.

Detailed information here.

3. International finance News

Stocks making the biggest moves after hours: Urban Outfitters, KB Home, Repay Holdings & more

Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two months ended Dec. 31 fell 8.4% year over year. The company also announced that CEO Trish Donnelly will depart at the end of the month.