Foreign investors net sell $67.4 mln Vietnam stocks this week

Foreign investors net sold VND1.68 trillion ($67.4 million) worth of Vietnam stocks in the week ending June 7, sticking to a trend holding steady this year.

During the week’s five sessions, they sold VND1.65 trillion ($64.9 million) worth of stocks via order matching, while the remaining VND37 billion ($1.45 million) were sold via put-through.

By bourse, they net sold VND1.56 trillion ($61.39 million) on the Ho Chi Minh Stock Exchange (HoSE) and VND132 billion ($5.19 million) on the Unlisted Public Company Market (UPCoM), but net bought VND6 billion ($236,130) on the Hanoi Stock Exchange (HNX).

The stock of electronics retailer Mobile World Investment Corporation (HoSE: MWG) was dumped the most, with a net selling value of VND477 billion ($18.77 million).

Earlier, foreign investors had net bought MWG for a month, increasing their holdings in the firm to nearly 49%. After net selling, foreign ownership in MGW fell to 48%.

FPT of tech giant FPT and VHM of property developer Vinhomes were also among the stocks significantly ditched by foreign investors, with respective net-sell values of VND314 billion ($12.36 million) and VND285 billion ($11.22 million).

In contrast, Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) was the most net bought stock in the last five sessions, with a value of VND277 billion ($10.9 million), followed by MBB of MB Bank and POW of PV Power, with respective values of VND147 billion ($5.79 million) and VND105 billion ($4.15 million).

In the last five sessions, Vietnam’s benchmark VN-Index gained 25.86 points over the previous week, or 0.25%, to reach 1,287.58 points.