Vietnamese Stock Market Recap: VN-Index Recovers Despite Foreign Outflow
Despite a positive start to the week, the Vietnamese stock market faced unexpected selling pressure in the afternoon session on August 5th. However, it managed to recover towards the end of the day, with the VN-Index closing 18.96 points (1.24%) higher at 1,547.15. Foreign investors were net sellers, offloading a significant VNĐ 2,259 billion across all three exchanges.
Brokerage firms continued their net selling trend, offloading VNĐ 1,417 billion on the HoSE.
In terms of brokerage firm activity, VPB witnessed the highest net selling with a value of VNĐ 192 billion. This was followed by BSR and VIB, which were net sold for VNĐ 180 billion and VNĐ 94 billion, respectively. Other notable net sold stocks included PNJ (VNĐ 77 billion), VIC (VNĐ 63 billion), HDB (VNĐ 57 billion), and CTG (VNĐ 56 billion).
On the other hand, VNM and E1VFVN30 attracted strong net buying, both recording a value of VNĐ 49 billion. FUEVFVND also saw notable net buying of VNĐ 48 billion. NVL, HSG, CTS, FUEVN100, MSB, HT1, and DCM likewise experienced positive net buying activity.
The Two Stock Symbols Unexpectedly Sold Off by Proprietary Trading Firms in Monday’s Session
The HoSE witnessed a significant development as proprietary securities firms offloaded stocks en masse, resulting in a staggering net sell value of VND 296 billion.