The Vietnamese stock market witnessed a rather gloomy trading session on Friday. Bearish sentiments dominated most of the trading day, resulting in a decline for the majority of stocks. At the close of the session on September 13, the VN-Index fell 4.64 points to 1,251.71. Liquidity on HoSE remained subdued, with the matching value barely reaching 9.16 trillion VND, the lowest in 17 months.
Turning to foreign investors, they continued to be net sellers, offloading approximately 66 billion VND worth of shares across the market.
Foreigners net sold 73 billion VND on the HOSE
On the selling side, VHM and MWG faced the strongest net selling by foreign investors on the HOSE, with respective values of 189 billion and 124 billion VND. Following closely, VCI, HPG, and HSG were the next three stocks that witnessed notable net outflows, amounting to 85 billion, 73 billion, and 37 billion VND, respectively.
Conversely, FPT attracted the highest net buying, with a value of around 195 billion VND. STB also witnessed robust net purchasing of 83 billion VND. Foreign investors further invested tens of billions of VND in DXG, FTS, and TPB.
On the HNX, foreigners net bought approximately 5 billion VND
IDC topped the net buying list on the HNX, with a net purchase value of 8 billion VND. BVS followed suit, recording strong net buying of 5 billion VND. Additionally, foreign investors allocated around 1-2 billion VND each to NTP, PVI, and VC3.
On the opposite side, SHS experienced the most significant net selling pressure from foreign investors, amounting to 14 billion VND. PVS, LAS, and MBS were the next three stocks that witnessed notable net outflows, with values of approximately 1 billion VND each.
On the UPCOM, foreigners net bought nearly 2 billion VND
Conversely, LTG faced net selling of 2 billion VND by foreign investors. Additionally, they net sold 1 billion VND worth of MCH shares.
The Unexpected Movement of the Stock Exchange’s ‘Most Expensive’ Shares
The VN-Index rebounded into the green today (September 12th), with the recovery’s momentum hinging on a select few stocks. Notably, VNG’s shares soared to the ceiling price after the company clarified Le Hong Minh’s current role within the organization.
“A Brutal Sell-Off: Investors Abandon Chairman Le Thong Nhat’s NRC Stock”
“Shares of Danh Khoi (NRC), helmed by Chairman Le Thong Nhat, have been on a downward spiral, plummeting to historic lows as investors continue to offload their holdings. The stock’s free fall has sparked concerns among market participants, raising questions about the company’s future prospects and the impact on shareholder value.”
The Stock Market’s Money Flow: Why It’s Taking a Drastic Dip
“Institutional investors remain cautious, staying on the sidelines and causing a significant drop in market liquidity from September onwards. With a wait-and-see approach, these investors are biding their time, potentially waiting for economic headwinds to pass before re-entering the market with renewed vigor.”
