Foreign Sell-Off Returns in Early December, Targeting Retail and Tech Bluechips

The VN Index witnessed a positive turn in the first week of December (2nd-6th) after consistently maintaining a tug-of-war trend with low liquidity for the previous two weeks. The highlight was the sudden surge on December 5th, accompanied by a significant increase in trading volume. Overall, after five sessions, the VN-Index closed at 1,270.14 points, a rise of 19.68 points (+1.57%) from the previous week.

In terms of foreign investment flows, after a week of net buying, foreign capital quickly turned to net selling at the beginning of last week. Although it returned to net buying in the last two sessions, the trend has not been entirely clear. Accumulated over five sessions, foreign investors sold a net VND 356 billion in the entire market.

On a per-exchange basis , foreign investors sold a net VND 155 billion on HoSE, VND 110 billion on HNX, and VND 75 billion on UPCoM.

Analyzing by individual stocks , the focus of net selling this week was on MWG, a leading retail stock, with a net selling value of VND 410 billion. Two blue-chip stocks, FPT and VCB, were also net sold during the week, with values of VND 380 billion and VND 335 billion, respectively.

The list of stocks with net selling in the hundreds of billions also included VRE and VNM, which were net sold in the amounts of VND 226 billion and VND 109 billion, respectively. Other stocks that experienced significant net selling by foreign investors last week included ACV, HSG, NLG, KDH, and others.

On the buying side, the retail stock MSN witnessed the strongest net buying by foreign investors, with a value of VND 313 billion. Foreign capital also flowed into TCB and HPG stocks, with respective values of VND 231 billion and VND 230 billion, while SSI saw net buying of VND 230 billion. CTG, DXG, VPB, LPB, DGC, and other stocks also experienced net buying over the five sessions last week.