Unexpectedly, there was a sudden net sell-off of nearly 2,000 billion VND in foreign stocks in the last week of April, contrary to the once-forgotten stock that suddenly became “in demand”.

Foreigners continued to maintain net selling momentum ahead of the Tet holiday, although there was a slight return to net buying over the weekend, but the value was not significant.

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After a week of record-breaking falls, the stock market recorded a challenging week of trading from 22-26/4, at one point losing the 1,200 mark. However, the VN-Index subsequently regained this psychological support level before the extended holiday. At the end of the trading week, the VN-Index gained 2.95% to 1,209.52 points. The market saw a strong divergence, with the best recovery rates concentrated in companies reporting positive business results for Q1/2024.

In this context, foreign investors continued to maintain a net selling momentum, although they returned to making net purchases on the last day of the week, but the value was not too large. Foreign investors sold a net 846 billion VND across the market.

Examining individual exchanges during the week, foreign investors sold a net 1,133 billion VND on the HoSE, bought a net 340 billion VND on the HNX, and sold a net 53 billion VND on the UPCoM exchange.

According to statistics for individual stock codes, the focus of net selling this week was on Dragon Capital’s Diamond fund certificate code FUEVFVND with an exceptional value of 1,784 billion, with nearly a thousand billion VND sold on Wednesday alone. Real estate stock VHM was also sold net, with a value of 339 billion, while DIG was sold net by 149 billion. Two other codes, HDB and GAS, were also net sold, at 139 billion and 122 billion, respectively.

The net selling list also includes LPB with a net selling value of 116 billion VND. Foreign investors’ net selling list for the past week also includes SHB, STB, and GEX, among others.

SOURCEcafef
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