The Big Sell-Off: Brokerage Offloads Bank Shares Worth a Whopping $700 Million in a Single Trading Session

The domestic securities companies turned net sellers on the Ho Chi Minh Stock Exchange, offloading a total of VND422 billion ($18.2 million) worth of shares.

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VN-Index Recovers with Strong Gains, Foreign Investors Return

After a sharp decline in the previous session due to heavy selling pressure, the VN-Index rebounded on August 26. The index closed significantly higher, gaining 53.60 points (+3.32%) to reach 1,667.63. Market liquidity decreased, with trading volume on HOSE falling by 18.5% compared to the previous session.

A notable highlight was the turnaround in foreign investor sentiment. After 13 consecutive sessions of net selling, foreign investors unexpectedly returned to net buying, with a significant net purchase of nearly VND 742 billion across the market.

Securities companies’ proprietary trading activities resulted in a net sell-off of VND 422 billion on the HoSE.

VN-Index gains on August 26 with the return of foreign investors

Specifically, securities companies offloaded VPB shares, resulting in a net sell-off of VND 663 billion. This was followed by MWG (VND 13 billion), FUESSVFL (VND 6 billion), DGC (VND 5 billion), and PNJ (VND 5 billion). Other notable stocks that witnessed significant net selling pressure included LPB (VND 4 billion), VRE (VND 4 billion), FUEMAV30 (VND 2 billion), DXG (VND 2 billion), and KDH (VND 2 billion).

On the buying side, the E1VFVN30 fund certificate witnessed net buying of VND 46 billion. NVL stock ranked second in the securities companies’ net buying list with VND 42 billion, followed by MSN (VND 40 billion), PLX (VND 34 billion), HPG (VND 31 billion), FUEVFVND (VND 31 billion), GEX (VND 21 billion), STB (VND 20 billion), TCB (VND 19 billion), and VHM (VND 10 billion).

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