Foreign investors’ net stock purchase plunges nearly 97%

Foreign investors’ net purchase hit only VND27.3 billion ($1.16 million) on the Ho Chi Minh Stock Exchange (HoSE) on Wednesday, a nearly 97% fall from the previous session.

They mainly net bought NVL of Novaland, VHM of Vinhomes, HCM of Ho Chi Minh City Securities, and STB of Sacombank, while net selling VNM of Vinamilk, VIC of Vingroup, HPG of Hoa Phat Group, and SSI of Saigon Securities.

The VN-Index, which tracks the performance of the HoSE, increased 2.98 points or 0.28% to 1,050.43, following positive information about the consumer price index (CPI) of the U.S.

Headline inflation in the U.S. fell more than expected in November to its lowest level this year (7.1%), bolstering hopes that the Federal Reserve may not have to raise interest rates much further in order to bring it back firmly under control.

The major bourse saw 252 gainers and 161 losers, with more than 792 million shares changing hands for VND13,730 billion ($583.14 million), a rise of 3.72% from the previous session.

The VN30-Index, which features 30 largest-cap tickers, experienced a slight reduction of 0.02% with 13 gainers and 13 losers.

In the VN30 basket, VIC had the most negative impact on the market with a drop of 1.3%, followed by MSN of Masan Group (-1%), CTG of Vietinbank (-0.9%), VNM (-0.6%), and FPT of FPT Corp. (-1.2%).

The benchmark index maintained the green color thanks to the gain of mid- and small-cap stocks.

The banking group saw STB up 3.1%, MBB of MBBank 0.8%, VCB of Vietcombank 0.8%, and ACB 0.4%, while VPB of VPBank down 0.3%, TPB of TPBank 0.9% and CTG 0.9%. The bright spot of this group was EIB of Eximbank with an expansion of 6.7%, marking its gain for the fifth consecutive session.

The divergence was also seen in securities tickers with HCM increasing 1.3%, VND of VNDirect Securities 1%, BVS of Bao Viet Securities 1.8%, and CTS of Vietinbank Securities 6.3%, while MBS of MB Securities, VCI of Viet Capital Securities, FTS of FPT Securities, and SSI were among losers.

Real estate stocks showed a good performance, with TCH of Hoang Huy Group, SCR of Saigon Thuong Tin Real Estate, and HQC of Hoang Quan Corp hitting their ceiling prices.

Many other groups like oil and gas, steel, fertilizer, industrial real estate, garment, and public investment still kept the green color.

The HNX-Index on the Hanoi bourse went down 0.38 points or 0.18% to 213.21, while the UpCOM-Index on the unlisted public company market slight rose 0.27 points or 0.38% to 72.11.