Vietnam’s Stock Market: A Week of Strong Performance
The Vietnamese stock market had another impressive week, building on the previous week’s positive performance and breaking through short-term peak prices. The VN-Index continued its upward trajectory, aiming for the 1,370-point mark. Blue-chip stocks took turns supporting the index, with cautious investor sentiment reflected in the low trading volume. By the week’s end, the VN Index had gained 22.09 points (+1.64%) compared to the previous week, closing at 1,371.44 points.
In this context, foreign investor activity was somewhat mixed. While they were net buyers at the beginning of the week, they turned into strong net sellers later on. Cumulatively, foreign investors sold a net amount of VND 367 billion on all markets during the five trading sessions.
Breaking down the performance by exchange, foreign investors sold a net amount of VND 39 billion on HoSE, VND 269 billion on HNX, and VND 59 billion on UPCoM.
Focusing on individual stocks, the heaviest net selling was observed in PVS, totaling nearly VND 249 billion. FPT and STB also experienced net selling of VND 219 billion and VND 212 billion, respectively. VCB was another notable stock with net selling of almost VND 179 billion. The list of stocks that foreign investors sold during the week included ACB, VPB, SHB, VCI, HCM, and GMD, all with net selling values exceeding VND 100 billion.
On the other hand, VND witnessed unexpected strong net buying from foreign investors, totaling VND 396 billion. SSI and HPG also attracted foreign capital, with net buying of VND 368 billion and VND 281.5 billion, respectively, over the week. Net buying was also observed in VHM, CTG, MWG, MSN, CTR, and DBC.
“Foreign Investors Sell-Off: Over $6.3 Million Net Sell in Blue-Chip Stock on June 27th Session”
Foreign investors continued their selling spree, offloading stocks worth over 80 billion VND in today’s trading session across the market.
“VN-Index Surges Past 1,370 Points: A Bull Market Amidst Lingering Doubts”
Liquidity improved during the afternoon session as the trading value on the two exchanges increased by 12.2% compared to the morning session. Led by MSN, VIC, and VHM, the VN-Index surpassed the 1370-point threshold, guiding the market higher amid doubts, with a broader market gain.
“Retail Investors Continue Strong Buying Streak, Accumulating Nearly VND 1,000 Billion Today”
Individual investors bought a net amount of VND 567 billion, of which VND 544.5 billion was net bought in matched orders. The proprietary business also bought a net of VND 333.1 billion, selling a net of VND 442 billion in matched orders only.
Surging MSN Trading Volume: Small-Cap Stocks Surge as Large-Caps Curb Index Gains
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Positive news about the prospects of trade negotiation results within the next two weeks has supported the market in the morning session. After a dip due to strong selling pressure, bottom-fishing funds started to buy, pulling prices higher. There was no clear sector leadership except for the surge in MSN, but money is flowing into small and mid-cap stocks.
Extending the Offer Period for the Sale of Nearly 360 Million Shares to Shareholders
HSC extends the offering period for nearly 360 million shares to shareholders until September, a shift from the previous plan of August.
