The market’s liquidity continued to weaken at the beginning of the week, reaching just over VND 16.3 trillion, indicating that investors remain cautious in their trading. Notably, the market witnessed a clear differentiation with a focus on stocks with unique stories. Pharmaceuticals and oil & gas sectors shone, with most of their stocks surging.
Specifically, IMP and DHT hit the ceiling price, DVN rose 8.3%, DP3 climbed 8.9%, PBC gained 6.4%, and VDP increased by 6.6%. Additionally, BSR went up by 2.5%, OIL by 5.6%, PLX by 3.7%, PSH by 5.2%, and PVO by 4.2%…
The market’s main drivers included GVR, BCM, PLX, and VJC. In contrast, VHM, HVN, VPB, VIC, and FPT dragged the VN-Index down.
Notably, foreign investors continued to offload nearly VND 1.5 trillion, focusing on HDB, STB, VPB, and SAB.
The consistent net selling by foreign investors has become a notable topic in the market. In a recent report, SSI Research stated that since the beginning of the year, ETFs have withdrawn a net total of VND 15.7 trillion, equivalent to a decrease of about 21% of total assets at the end of 2023. This has brought the total assets of ETFs to VND 66 trillion. SSI also mentioned that there has been a withdrawal of capital from active funds specializing in investing in Vietnam.
From the beginning of the year until July 12, the net selling value of foreign investors reached VND 58,882 billion. Notably, on July 8, foreign investors net sold up to VND 1,921 billion on the HoSE, surpassing the previous record of VND 1,185 billion set on March 27, 2024. Including today’s trading session, the net selling value of foreign investors has exceeded VND 60,380 billion.
HDB topped the list of stocks that foreign investors net sold, with a value of VND 491.5 billion. This was followed by STB (VND 289.2 billion), SAB (VND 189.2 billion), MWG (VND 157.8 billion), and FPT (VND 127.6 billion)…
Stocks impacting the market during the trading session on July 15.
According to SSI Research, the difference in interest rate environments, monetary policies, and exchange rates have significantly influenced foreign investor behavior in the past. Not only Vietnam but also regional markets such as Thailand and China have been noticeably affected.
Notably, the net selling trend also reflects a certain level of caution among foreign investors towards the Vietnamese stock market. The story of upgrading the market to attract more foreign capital remains an expectation.
According to experts, the continuous net selling by foreign investors will somewhat impact the psychology of domestic investors. However, during the period from 2010 to 2019, foreign investor transactions accounted for 20% of the total market, but now it is less than 10%, so the impact is not too significant. As individual investors currently dominate the market, the pressure from foreign investors’ net selling is absorbed by domestic investors.
The trading session on July 15 ended with the VN-Index slightly decreasing by 0.93 points to 1,279.8 points. The HNX-Index fell by 0.18 points to 2,448 points, and the Upcom dropped by 0.28 points to 97.86 points.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
