Foreign investors turn net sellers in Vietnamese market after 6 sessions

After six sessions of actively buying Vietnamese stocks, foreign investors returned to net selling on Monday, to the tune of more than VND300 billion ($11.82 million) on the Ho Chi Minh Stock Exchange (HoSE).

However, this amount was only about half of the net-selling peak in mid-November.

The group most net sold FPT shares of tech giant FPT Corporation to the tune of over VND164 billion ($6.46 million). It was followed by ACV of Aviation Corporation of Vietnam, with a net selling value of nearly VND118 billion, VRE of Vincom Retail (VND67 billion), KDH of Khang Dien House Trading and Investment JSC (VND50 billion), and VCB of Vietcombank (VND48 billion).

In contrast, stocks such as CTG of VietinBank, PNJ of Phu Nhuan Jewelry, TCB of Techcombank and LPB of LPBank were net bought by foreign investors, but the value was only around a few dozens of billions of VND (VND1 billion = $39,400).

The VN-Index, representing the HoSE, inched up 0.75 points, or 0.06%, to 1,251.21, with up to 221 stocks declining and 147 rising.

The VN30, which tracks the performance of the 30 largest stocks, dropped 0.19% to 1,308.88 points.

Total trading value on the major bourse dropped by more than VND1.9 trillion to just over VND11.35 trillion ($447 million), the lowest in nearly a month.

The HNX-Index on the Hanoi Stock Exchange went up 0.3% to 225.32 points, while the UP-Index on the Unlisted Public Companies Market (UPCoM) closed at 92.44 points, down 0.32%.