Foreign investors net sell Vietnam stocks for 4 consecutive sessions

Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) for the fourth consecutive session on Tuesday to the tune of about VND230 billion ($9.8 million).

They mainly net sold CTG of VietinBank, KBC of Kinhbac City Development Holding Corp., and NLG of real estate developer Nam Long Group.

The VN-Index, which represents the HoSE, inched up 0.33 points, or 0.03%, to 1,053.77, with 214 tickers gaining and 163 losing.

The main bourse in Vietnam saw more than 564 million shares changing hands for over VND9.3 trillion ($396.3 million), a decrease of 13% from the previous session. The cash flow mainly ran into small- and mid-cap stocks.

The VN30 index, which tracks the performance of 30 largest-cap codes, went down 0.05 points to 1,049.67, with 15 tickers closing in red.

BID of BIDV bank, GAS of PV Gas, and HPG of steel maker Hoa Phat were the main support for the VN-Index, while MSN of Masan Group, VCB of Vietcombank, and VHM of real estate giant Vinhomes were the most negative influencers.

Steel stocks became the focus of attention with high liquidity. Notably, HPG boasted the highest trading value on the HoSE with VND491 billion ($20.9 million), accounting for 5.3% of the bourse’ total.

The oil and gas group was also a bright spot, with PVD of Petrovietnam Drilling expanding by over 4%; PVC of Petrovietnam Chemical and Services Joint Stock Corporation, PVS of Petrovietnam Technical Services Corporation, and BSR of Binh Son Refining and Petrochemical Company Limited up about 2%.

The HNX-Index on the Hanoi bourse rose 1.03 points to 211.95, while the UPCoM-Index on the unlisted public company market fell 0.04 points to 78.34.