Massive $7 Billion Buying Spree: Mystery Force Scoops Up Vietnamese Stocks in Friday’s Trading Frenzy

Proprietary trading firms continued their buying spree on the Ho Chi Minh City Stock Exchange (HOSE), netting a substantial VND 638 billion in purchases.

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During the weekend trading session, the stock market opened in the red, pressured by selling in large-cap stocks. The VN-Index dipped near the 1,640-point mark before buying interest resurfaced, swiftly pushing the index back into positive territory. However, the gains were short-lived, as the VN-Index closed at 1,645.82 points, down 6.89 points or 0.42%. Amid this backdrop, foreign investors extended their net selling streak, offloading 1,311 billion VND across the market.

Securities firms’ proprietary trading desks continued their net buying spree, acquiring 638 billion VND worth of stocks on HOSE.

Specifically, MWG and VIC saw net purchases of 143 billion VND and 80 billion VND, respectively. They were followed by VPB (78 billion VND), STB (71 billion VND), FPT (63 billion VND), MBB (53 billion VND), VHM (41 billion VND), CTG (33 billion VND), LPB (28 billion VND), and ACB (26 billion VND), all of which were heavily bought by proprietary trading desks.

Conversely, the most heavily sold stocks by securities firms were HPG, with a net outflow of -105 billion VND, followed by MSN (-32 billion VND), PLX (-29 billion VND), FUEVFVND (-20 billion VND), and NVL (-6 billion VND). Other notable net sellers included HSG (-3 billion VND), FUETCC50 (-3 billion VND), DCM (-1 billion VND), DSE (-1 billion VND), and SJS (-1 billion VND).

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