Foreign investors net sell Vietnamese stocks for six straight sessions

Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) for the sixth consecutive session to the tune of over VND550 billion ($22.65 million) on Wednesday.

They mainly net sold VHM of real estate giant Vinhomes, SSI of leading broker Saigon Securities, VPB of VPBank, and STB of Sacombank.

The VN-Index, representing the HoSE, rose 10.46 points, or 0.94%, to 1,126.43, the highest level since October 16.

Trading value on the major bourse increased by 5% to VND18.03 trillion ($753.61 million), with 359 tickers gaining and 122 losing.

The VN30 index, which tracks the performance of 30 largest cap stocks, gained 0.8 points to 1,109.27, with up to 27 gainers.

BCM of Becamex Investment and Industrial Development led with a 4.3% rise, followed by MWG of electronics retail chain Mobile World, up 2.4%. TPB of private TPBank gained 2.3% and SAB of brewer Sabeco went up 1.9%.

VHM was the only blue chip closing in the red.

In the mid-cap group, seafood stocks such as VHC of Vinh Hoan Corp. and IDI of I.D.I International Development & Investment Corp. hit their ceiling prices.

Notably, LDG of scandal-hit LDG Investment JSC closed in the green with a record of more than 6 million shares changing hands following the arrest of its chairman Nguyen Khanh Hung.

The HNX-Index on the Hanoi bourse expanded 0.99% to 233.63, while the UpCOM-Index on the unlisted public company market gained 0.34% to 86.31.