Week 26/2 – 1/3: Foreign investors “dump” over 600 billion to acquire blue-chip stocks, SSI and DGC also heavily bought

Last week's foreign trading activity was relatively balanced, with net buying in 4 out of 5 sessions. However, on Thursday (February 29th), there was a significant net selling. Several stocks were heavily bought or sold with a value in the hundreds of billions.

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The Vietnam stock market recorded an upbeat week of trading from February 26 to March 1, with active liquidity and strong cash flow movement. This is the fourth consecutive week of gains, with the strongest increase in the past week as the Vn-Index gained 46.28 points (+3.82%) and closed at 1,258.28 points. The cash flow remains strong in the market, spreading and circulating in various sectors with many stocks surpassing their peaks such as banks, securities, steel, seafood, real estate, retail, chemicals.

In the midst of this, foreign trading was relatively balanced with net buying in 4 out of 5 sessions, but strong net selling on Thursday (February 29). Total net buying value for the week reached 116 billion VND, of which net selling value was 56 billion VND in matching orders and net buying value was 172 billion VND in negotiated trades.

Looking at each exchange for the week, foreign investors net bought 110 billion VND on HoSE, net bought 23 billion VND on HNX and net sold 17 billion VND on the UPCoM exchange.

Breaking down the net buying value by stock, HPG, the national stock, was the most strongly net bought by foreign investors with 622 billion VND, all on the matching order channel. Following that, SSI and DGC stocks were also net bought with 533 billion VND and 329 billion VND respectively after 5 sessions of the past week. Foreign investors also made strong net purchases in securities stocks such as VND and VIX with 97 billion VND and 189 billion VND respectively. The net buying force for the past week also recorded BID, VCI, IDC, KBC,…

In contrast, the net selling focus was observed in FUEVFVND fund certificates with a value of 352 billion VND, followed by VNN and VHM which were also net sold with values of 302 billion VND and 285 billion VND respectively. The net selling list also includes other Vin group stocks, with VRE being net sold with a value of 189 billion VND; MSN stock also being net sold with 146 billion VND.

VPB bank stock was also net sold by foreign investors for nearly 136 billion VND, followed by PVS being net sold for 133 billion VND. The net selling list of foreign investors in the past week also includes STB, GAS, BCM,…

SOURCEcafef
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