Bank Stock Surges as Brokerage Firms Unexpectedly Scoop Up Shares in October 7th Trading Session

Proprietary trading desks at securities companies collectively net purchased VND 89 billion worth of stocks on the Ho Chi Minh City Stock Exchange (HOSE) today.

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Following a robust start to the week, driven by positive momentum from large-cap stocks, the market adopted a cautious stance ahead of the anticipated FTSE Russell’s Market Classification and Review Report. The VN-Index faced selling pressure as it approached the previous peak around 1,700–1,710 points. Closing the session, the VN-Index dipped by 10.20 points (-0.60%), settling at 1,685.30 points. Foreign trading activity was a notable downside, with net selling reaching VND 1,393 billion across the market.

Securities firms’ proprietary trading desks recorded a net buy of VND 89 billion on HOSE.

Specifically, CTG and MBB led with net purchases of VND 90 billion and VND 59 billion, respectively. They were followed by FPT (VND 52 billion), FUEVFVND (VND 24 billion), VPB (VND 23 billion), VIC (VND 22 billion), ACB (VND 22 billion), VCI (VND 19 billion), STB (VND 16 billion), and MSN (VND 13 billion), all witnessing strong buying interest from securities firms’ trading desks.

Conversely, the most significant net selling by securities firms was observed in VNM, totaling VND -45 billion, followed by VRE (VND -36 billion), MWG (VND -29 billion), VHM (VND -29 billion), and GEX (VND -14 billion). Other stocks with notable net selling included FUESSVFL (VND -10 billion), VCG (VND -9 billion), SSI (VND -8 billion), LPB (VND -6 billion), and VIX (VND -5 billion).

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