Proprietary Trading Firms Unexpectedly Turn Net Buyers of Stocks on October 23rd, Contrasting Massive Sell-Offs in Two Key Stocks

Proprietary trading by securities companies has rebounded with a net buying value of VND 225 billion on the Ho Chi Minh City Stock Exchange (HOSE).

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Following two sessions of recovery, the stock market continued its upward trend for the third consecutive session, driven by the positive influence of a few large-cap stocks. At the close, the VN-Index rose by 8.56 points (+0.51%) to reach 1,687.06 points, inching closer to the 1,700-point resistance level. Foreign trading remained a downside, with a strong net sell-off of 1,451 billion VND across the market.

Securities companies’ proprietary trading desks resumed net buying of 225 billion VND on HOSE.

Specifically, HPG and MBB saw the strongest net buying, with values of 97 billion VND and 96 billion VND, respectively. They were followed by VPB and MSN, both at 60 billion VND, TCB (51 billion VND), VIC (40 billion VND), VHM (31 billion VND), VNM (25 billion VND), LPB (25 billion VND), and STB (24 billion VND) – all recording significant net buying from securities companies’ proprietary trading desks.

Conversely, securities companies sold off most heavily in FPT, with a value of -123 billion VND, followed by HDB (-113 billion VND), HDG (-93 billion VND), FRT (-43 billion VND), and YEG (-14 billion VND). Other notable net sell-offs included HVN (-14 billion VND), VIB (-6 billion VND), GEE (-4 billion VND), FUEVFVND (-4 billion VND), and NAB (-2 billion VND).

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