Vietnam’s stock market witnessed a recovery session, but the buying momentum couldn’t be sustained, leading to a slight gain in the VN-Index. The index closed 12/9 with a 3-point increase to 1,256. Trading liquidity remained low, with a value of over 10,400 billion VND on HOSE. Foreign investors’ net selling of 223 billion VND across the market was a downside.
Foreign investors net sold 187 billion VND on the HOSE.
On the buying side, FPT was the most purchased stock by foreign investors on HOSE, with a value of over 117 billion VND. VHM and CTG followed, with net buys of 39 billion VND and 34 billion VND, respectively. STB and NLG were also bought, with values of 33 billion VND and 19 billion VND.
Fig. 1: HOSE Net Buying and Net Selling of Foreign Investors (billion VND)
On the other hand, VPB faced the strongest selling pressure from foreign investors, with a net sell of nearly 75 billion VND. VCI and HDB also witnessed net selling of 58 billion VND and 47 billion VND, respectively.
On the HNX, foreign investors net sold 29 billion VND.
PVS was the top stock purchased by foreign investors on the HNX, with a net buy value of 9 billion VND. NTP followed, with a net buy of 4 billion VND. Additionally, foreign investors also net bought a few billion VND worth of BVS, PVI, and IDC.
Fig. 2: HNX Net Buying and Net Selling of Foreign Investors (billion VND)
Conversely, SHS faced the most significant net selling pressure from foreign investors on the HNX, with a value of nearly 27 billion VND. MBS, VFS, and CEO also experienced net selling of a few billion VND.
On the UPCOM, foreign investors net sold 7 billion VND.
Regarding stock purchases, foreign investors bought VEA the most, followed by OIL and ACV, with a few billion VND net bought for each.
Fig. 3: UPCOM Net Buying and Net Selling of Foreign Investors (billion VND)
On the opposite side, QNS witnessed net selling of 8 billion VND by foreign investors. They also net sold MCH, VAB, and other stocks.
The Foreign Sell-Off Continues: Over 300 Billion Dong Dumped on Two Blue-Chip Stocks in the Latest Trading Session
The foreign investors continued to net sell with a value of about VND 66 billion on the entire market.
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.”
