Foreign investors net sell $84.4 mln worth of Vietnamese shares this week

Foreign investors continuously net sold Vietnamese stocks during the week of October 14-18, with a total value of VND2.125 trillion ($84.44 million).

The figure included net sales of VND2.08 trillion ($82.65 million) on the Ho Chi Minh Stock Exchange (HoSE), VND104 billion ($4.13 million) on the Hanoi Stock Exchange (HNX), and VND55 billion on the Unlisted Public Companies Market (UPCoM).

FPT of tech giant FPT Corp. was the most net-sold to the tune of VND364 billion ($14.46 million). The positive performance of this technology blue-chip amid significant market fluctuations may have triggered profit-taking by foreign investors.

It was followed by HDB of HDBank and MSB of Maritime Bank, with net-selling values of VND220 billion ($8.74 million) and VND169 billion, respectively, after five sessions. KDC of food firm Kido Group and DBC of livestock giant Dabaco ranked fourth and fifth with VND155 billion and VND150 billion, respectively.

The list of tickers facing net selling by foreign investors included VNM of dairy giant Vinamilk, FUESSVFL of ETF SSIAM VNFIN LEAD, NLG of real estate developer Nam Long Group and HCM of Ho Chi Minh City Securities.

On the other side, STB of Sacombank continued to attract foreign capital in the past trading week, with a net purchase of VND221 billion ($8.78 million). Foreign investors also net bought VND179 billion worth of Masan Group’s MSN shares and VND95 billion of Tu Liem Urban Development JSC’s NTL shares.

Foreign capital flows also ran into others stocks such as ACV of Airports Corporation of Vietnam, YEG of entertainment firm YEG Corp., TCB of Techcombank, TPB of TPBank, and MWG of retail giant Mobile World Investment Corp.

Vietnam's benchmark VN-Index inched down 1.06 points, or 0.08%, to 1,285.46 on Friday, with trading value on the HoSE decreasing 2% to VND15.384 trillion ($610.9 million).

Overall, the index lost 2.93 points or 0.23% after five sessions from October 14 to 18.