The Foreign Sell-Off Continues: Leading Steel Stock Dumps Over a Hundred Billion

The foreign investors' buying trend went against the grain, with FPT and STB stocks leading the charge. These stocks witnessed a robust net buying spree from foreign investors, totaling a substantial 112 billion VND, outpacing all other stocks in the market.

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The Vietnamese stock market has just experienced a rather volatile trading session. While selling pressure wasn’t excessive, a lack of aggressive buying resulted in the VN-Index hovering around the reference level. At the close, the VN-Index was almost unchanged from the previous session, inching up 0.03 points to 1,281.47. HoSE witnessed a decline in liquidity, with a total trading value of VND 14,029 billion.

In terms of foreign investment, foreign investors continued their net selling streak in Vietnamese stocks, offloading over VND 98 billion worth of shares. Specifically:

On the HOSE, foreign investors sold a net amount of over VND 117 billion

On the buying side, FPT and STB were the top stocks purchased by foreign investors in the market, with a net buy value of VND 112 billion each. MWG, VCB, and FRT followed suit, with net purchases of VND 44 billion, VND 37 billion, and VND 34 billion, respectively.

Conversely, HPG faced the strongest selling pressure from foreign investors, with a net sell value of VND 130 billion. A series of stocks, including VCI, VRE, and TCB, also witnessed net selling in the range of VND 40-90 billion.

On the HNX, foreign investors recorded net buying of approximately VND 19 billion

PVS and IDC were the top stocks purchased by foreign investors on the HNX, with a net buy value of VND 12 billion each. Additionally, IDV, SHS, and MBS were among the most bought stocks by foreign investors on the exchange, with net purchases of VND 2 billion each.

On the selling side, LAS faced the highest net selling pressure from foreign investors, amounting to VND 5 billion. TNG, DTD, and NTP also witnessed net selling of around VND 1 billion each.

On the UPCOM, foreign investors sold a net amount of approximately VND 400 million

Conversely, BSR and MCH faced net selling pressure from foreign investors, with a net sell value of VND 1 billion each. Additionally, stocks such as GDA, QTP, and VEA were also among the net sold by foreign investors…

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