Foreign investors net buy for fifth consecutive session

Foreign investors' transactions on the Ho Chi Minh Stock Exchange (HoSE) continued to be a highlight as they net bought for the fifth consecutive session on Tuesday, to the tune of over VND7,679 billion ($293.88 million).

The HoSE on Tuesday continued to trade positively with the leading momentum of large-cap stocks - VN30. At the end of the session, VN-Index increased by 13.4 points to 1,415.46, while the VN30 group gained 20.61 points to 1,529.27.

Transaction value reached over VND28,294 billion (over $1.08 billion), equivalent to the previous "explosive" session. The VN30 group, which comprises 30 largest-cap stocks, contributed nearly 50% of the trading value with VND13,646 billion.

Green spread in the group of large-cap stocks with 23 stocks increasing in price, the strongest being VJC, HPG, VHM, SSI, and BCM with an increase of 2% to 5.7%.

Foreign investors' transactions continued to be a notable bright spot when they net bought for five consecutive sessions to the tune of VND7,679 billion ($293.88 million) on the HoSE. Of these, four consecutive sessions saw net buying value reaching over VND1,000 billion each.

The stocks that foreign investors net bought for many recent sessions include HPG (VND670 billion or $25.64 million), SSI (VND274 billion), and FPT (VND346 billion). On the contrary, stocks like MWG, VCB, DIG, and MSN were net sold.

The stock market's upward momentum is believed to come from new developments related to the U.S.'s reciprocal tariffs.

Early this morning (Vietnam time), the White House sent a letter announcing reciprocal tariffs ranging from 25% to 40% to a series of trading partners such as Bangladesh, Cambodia, Indonesia, Japan, Laos, Malaysia, South Korea, and Thailand.

Although these tariffs are only preliminary and still require further rounds of negotiations, many opinions assess that Vietnam has an advantage with lower tariffs.

Positive market sentiment

According to Truong Hien Phuong, senior director of KIS Vietnam Securities JSC, besides the tariff story, the Vietnamese stock market is having many driving forces for price increases.

These include the positive macro foundation and the GDP in the first six months of the year rising by 7.52% year-on-year, a record high in 15 years.

Another factor is the prospect of the stock market status being upgraded in the FTSE Russell assessment period in September. State Securities Commission leaders are confident about the possibility of such upgrading, creating excitement for investors.

Vu Huu Dien, chairman of broker VPBankS, said that the market sentiment is currently very positive with high consensus from experts on the possibility of the VN-Index surpassing 1,500 points in 2025 when foreign investors are net buyers and macro factors are positive.

However, the AI investment assistant developed by VPBankS noted that investors need to closely monitor trade negotiations and foreign capital flows to adjust their strategies.