Foreign investors net sell Vietnamese stocks for five straight sessions

By Huong Dung
Fri, May 26, 2023 | 6:08 pm GMT+7

Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) for the fifth consecutive session to the tune of about VND360 billion ($15.33 million) on Friday.

VHM of real estate giant Vinhomes was net sold most with a value of over VND100 billion ($4.3 million). It was followed by VND of VNDirect Securities, HSG of steel maker Hoa Sen, and CTG of VietinBank, with VND45-60 billion.

For the whole trading week of May 22-26, foreign investors net sold a total of more than VND2.3 trillion ($97.9 million). They mainly withdrew money from securities, banking, steel and real estate stocks.

Two foreign investors watch Vietnam bourse developments. Photo courtesy of People newspaper.

Two foreign investors watch Vietnam bourse developments. Photo courtesy of People newspaper.

The VN-Index, which represents the HoSE, inched down 0.87 points, or 0.08%, to 1,063.76. However, up to 227 tickers gained while 146 declined.

The main bourse in Vietnam saw more than 640 million shares changing hands for over VND10.88 trillion ($463.3 million), a decrease of VND900 billion from the previous session.

GEX of GELEX Group ranked first in terms of matching value on the HoSE with VND466 billion ($19.8 million), followed by HPG of steel giant Hoa Phat, DIG of real estate developer DIG Corp., and STB of Sacombank.

The VN30 index, which tracks the performance of 30 largest-cap codes, went down 1.34 points to 1,060.81. Nine out of 10 stocks with the most negative impact on the market were blue chips.

A divergence was seen in most stock groups such as banking, real estate, manufacturing and securities.

Meanwhile, aviation and retail tickers showed positive performance, with VJC of Vietjet, and HVN of national flag carrier Vietnam Airlines, MWG of Mobile World Investment Corp., PNJ of Phu Nhuan Jewelry, and FRT of FPT Retail gaining 0.1%, 1.6%, 0,53%, 1,12% and 0,32%, respectively.

The HNX-Index on the Hanoi bourse rose 0.86 points to 217.64, while the UpCOM-Index on the unlisted public company market fell 0.13 points to 80.58.

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