Vietnam’s stock market witnessed a vibrant trading week from September 23-27. The main index rose impressively, heading towards the 1,300-point mark. The focus was on bank stocks, which drove the VN-Index up. However, strong selling pressure made it difficult for the index to breach the 1,300 level, forcing it to turn downwards. By the end of the week, the VN Index had gained 18.88 points (+1.48%) compared to the previous week, closing at 1,290.92 points.
Notably, foreign investors’ strong net buying on the matching order channel, with values increasing session by session, contributed to the upward momentum of the overall index. However, a sudden large-volume sell order on the negotiated trading channel for a bank stock caused the trading value to turn into net selling.
Cumulatively, foreign investors net sold VND499 billion worth of shares over the five sessions, but they net bought VND2.014 trillion on the matching order channel and net sold VND2.512 trillion on the negotiated trading channel.
Breaking down by exchange, foreign investors net sold VND482 billion on HoSE, net bought VND43 billion on HNX, and net sold VND59 billion on UPCoM.
Looking at individual stocks, foreign investors net bought MWG the most, with a value of VND216 billion. They also net bought TPB and VCI with values of VND205 billion and VND184 billion, respectively. Other stocks that saw net buying during the week included HCM, TCB, SSI, and FPT.
On the other side, they net sold VIB the most, with a massive VND2.664 trillion, all on the negotiated trading channel. In a recent development, the State Securities Commission has approved VIB’s proposal to reduce its foreign ownership limit (foreign room) to 4.99% (equivalent to 126.6 million shares), effective from July 1.
Back to foreign trading activities, VPB was the second most sold stock, with a net sell value of nearly VND261 billion in the five sessions. HPG and VND were also among the top sold stocks, with net sell values of VND211 billion and VND86 billion, respectively. The foreign net sell list for the week also included PVD, FUESSVFL, VRE, and OCB…
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