Massive Sell-Off: Brokerage Firms Unload Hundreds of Billions in Stocks During Friday’s Session

Proprietary trading desks at securities companies collectively offloaded VND 636 billion worth of stocks on the Ho Chi Minh City Stock Exchange (HOSE) during the period in question.

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The stock market concluded the week on October 10th with a vibrant session. The VN-Index continued its upward trajectory, driven by the momentum of large-cap stocks, which maintained the market’s rhythm. At the close, the VN-Index settled at 1,747.55, marking a 31.08-point increase, equivalent to a 1.81% gain. While foreign trading remained a detractor, net selling activity decreased, with a total value of 637 billion VND across the market.

Securities firms’ proprietary trading desks recorded a net sell of 636 billion VND on HOSE.

Specifically, securities firms recorded the highest net selling in GEX, with a value of -141 billion VND, followed by FPT (-74 billion), FUEVFVND (-72 billion), VNM (-64 billion), and HPG (-57 billion VND). Other stocks also saw significant net selling, including MBB (-51 billion), VHM (-43 billion), TCB (-37 billion), VIX (-34 billion), and ACB (-31 billion VND).

Conversely, GEE stocks were net bought with 39 billion VND. FRT ranked second in the net buying list of securities firms’ proprietary trading desks with 27 billion VND, followed by VPB (19 billion), MSN (16 billion), VCB (7 billion), ANV (7 billion), PNJ (6 billion), VCI (5 billion), GMD (4 billion), and STB (4 billion VND).

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