Despite efforts to prop up the VinGroup, the stock market remains in a tug-of-war, trading within a narrow range. The index closed slightly higher on August 27, gaining 0.54 points to reach 1,280.56. Liquidity remained low, with trading value on HOSE exceeding 16 trillion VND. Foreign investors were net sellers for the fifth consecutive session, offloading nearly 260 trillion VND across the market.
Foreign investors net sold 260 billion VND on HOSE
On the buying side, FPT was the most purchased stock by foreign investors on HOSE, with a net buy value of over 122 billion VND. MWG and VIC followed suit, with net purchases of 80 billion VND and 64 billion VND, respectively. CTG and DXG were also bought for 60 billion VND and 35 billion VND, respectively.
On the opposite side, TLG faced the strongest selling pressure from foreign investors, offloading nearly 177 billion VND. HPG and VPB also witnessed net selling of 83 billion VND and 61 billion VND, respectively.
Foreign investors net sold 28 billion VND on HNX
IDC witnessed the strongest net buying on HNX, with a value of 5 billion VND. TNG followed suit, with net purchases of 4 billion VND. Foreign investors also net bought a few billion VND worth of NTP, CEO, and IDJ.
On the selling side, PVI faced the highest net selling pressure, with foreign investors offloading nearly 42 billion VND. SHS, NBC, and TIG also witnessed net selling of a few billion VND.
Foreign investors net bought 27 billion VND on UPCOM
On UPCOM, foreign investors net bought BSR for 7 billion VND. VEA and MCH also witnessed net purchases of a few billion VND each.
On the opposite side, VAB faced net selling of 0.4 billion VND by foreign investors. They also net sold QTP, BWS, and a few other stocks.
“DPM’s Profits Vanish Into Thin Air, Accounting for Over 90% in 2023”
“DPM, the industry leader, achieved a remarkable feat by generating a profit post-tax of over 90% in 2023, marking its lowest net earnings since 2019.”
Dragon Capital Chairman: “Long-term vision is needed, accepting necessary adjustments for a safer, more efficient, and higher quality market”
According to Mr. Dominic Scriven, Chairman of Dragon Capital, the role of the finance industry in the stock market will be significant in 2023 and possibly in 2024. The roles of other industries, such as real estate or consumer goods, will depend on their respective challenges.
LandX Services reports a loss of 160 billion VND in 2023, cuts over 1,000 staff
In 2023, Dat Xanh Services incurred a net loss of 160 billion VND primarily due to a shortfall in real estate service revenue. Additionally, the company downsized its workforce by over 1,000 employees in the past year.
