Foreign investors net buy Vietnamese stocks for eighth consecutive session

Foreign investors were net purchasers for the eighth consecutive session on the Ho Chi Minh Stock Exchange (HoSE) Friday to the tune of over VND615 billion ($26 million), a sharp increase from only VND90 billion recorded in the previous session.

SHB of Saigon-Hanoi Bank was most net bought with a value of more than VND185 billion ($7.8 million), followed by NVL of property developer Novaland with VND126 billion ($5.34 million) and VND of VNDirect Securities with VND1.24 billion ($52.564).

Meanwhile, HPG of steel maker Hoa Phat was most net sold for VND400 billion ($16.95 million).

The VN-Index, which represents the HoSE, decreased 2.26 points, or 0.22%, to 1,045.14, with 187 gainers and 178 losers.

The main bourse saw nearly 565 million shares changing hands for about VND10.3 trillion ($436.6 million), a rise of over VND900 billion from the previous session.

The VN30 index, which tracks the performance of the 30 largest-cap stocks, inched up 0.72 points to 1,047.71.

However, some blue chips in the VN30 basket had the negative impact on the benchmark index. They included HPG, down 2.16%, PLX of Petrolimex 2.61%, VCB of Vietcombank 2.2%, VHM of real estate developer Vinhomes 2.58%, and VNM of Vinamilk 2.49%.

In the opposite direction, Vietjet's VJC increased 6.76% thanks to the information about the return of Chinese tourists to Vietnam. The stock had the most positive impact on the VN-Index, followed by some banking codes like VPB of VPBank, HDB of HDBank, TPB of TPBank, and STB of Sacombank.

The HNX-Index on the Hanoi bourse went up 0.28 points to 204.47, while the UpCOM-Index on the unlisted public company market gained 0.41 points to 76.43.