Vietnam’s stock market witnessed a relatively positive trading week from September 16-20, with the main index rebounding impressively from 1,240 to 1,280 points. Positive news from both domestic and international markets helped ease investors’ cautious sentiment. However, the upward momentum slowed during the final trading session as unexpected volatility arose due to increased selling pressure, coinciding with foreign ETF funds’ portfolio restructuring. Overall, the VN-Index gained 20.33 points (1.62%) compared to the previous week, closing at 1,272.04.
In terms of foreign investment, net buying resumed across the market, although it reversed to net selling in the last session. Cumulatively for the week, foreign investors net bought VND1,230 billion ($52.6 million), including VND1,166 billion on the matching board and VND63 billion via block deals.
Breaking down by exchange, foreign investors net bought VND1,223 billion on HoSE, VND71 billion on HNX, and net sold VND64 billion on UPCoM.
On the other side, foreign investors net sold HPG, a steel company, the most, with a net sell value of VND263 billion. VIX followed with a net sell of nearly VND213 billion for the week. VPB and MWG were also among the top sold stocks, with net sell values of VND173 billion and VND170 billion, respectively. The week’s foreign net selling list also included VCG, KDH, EVF, and VIC…
The New Account Openings Surge: Why is Liquidity Still Low?
The stock market remains stagnant as investors continue to observe economic developments and the actions of foreign investors. The stock market is also competing with other investment avenues to attract short-term capital.
