Surprise Powerhouse Deploys Nearly $300 Billion to Sweep Up Vietnamese Stocks in Month’s Opening Session

Proprietary trading desks at securities companies recorded a net buy of VND 285 billion on the Ho Chi Minh City Stock Exchange (HOSE).

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The stock market opened the first trading session of October on a subdued note, with low liquidity. The benchmark index gradually recovered from short-term selling pressure. At the close, the VN-Index rose by 3.35 points (+0.20%) to 1,665.05. Foreign trading was a drag, as foreign investors net sold a significant VND 1.8 trillion across the market.

Securities firms’ proprietary trading desks recorded a net buy of VND 285 billion on the Ho Chi Minh Stock Exchange (HOSE).

Specifically, VNM and VHM were net bought with values of VND 88 billion and VND 80 billion, respectively. They were followed by HDB (VND 32 billion), VPB (VND 31 billion), ACB (VND 30 billion), VRE (VND 25 billion), MSN (VND 17 billion), FRT (VND 15 billion), HPG (VND 13 billion), and MWG (VND 10 billion), all of which saw strong buying from securities firms’ trading desks.

Conversely, the strongest net selling by securities firms was observed in STB, with a value of -VND 33 billion, followed by PVT (-VND 16 billion), DIG (-VND 14 billion), GEX (-VND 9 billion), and FUEVFVND (-VND 7 billion). Other stocks also recorded notable net selling, including FPT (-VND 5 billion), SHB (-VND 5 billion), DXG (-VND 4 billion), VCB (-VND 3 billion), and E1VFVN30 (-VND 3 billion).

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