Foreign Block Selling Cools Down in Late November, Contrasting with Over 600 Billion VND Inflow to Acquire a Single Stock

Foreign investors continued their net selling streak, but the pressure eased significantly. Notably, they unexpectedly turned net buyers in the Wednesday and Friday sessions.

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During the week of November 24-28, the stock market rebounded from the 1,640-1,660 range after a week of sideways movement, climbing towards the resistance zone near 1,700. The primary drivers of this upward momentum were Vingroup’s stocks (VIC, VPL), alongside other large-cap stocks such as VNM, GEE, and VJC. Overall liquidity remained unchanged compared to previous weeks, with subdued trading activity reflecting investor caution. By the end of the week, the VNINDEX rose 2.18% to close at 1,690.99 points.

In terms of foreign investor trading value, net selling continued, though at a significantly reduced pace. Notably, foreign investors turned net buyers on Wednesday and Friday. Over the five sessions, foreign investors net sold 730 billion VND across the market.

Breaking it down by exchange, foreign investors net sold 563 billion VND on HoSE, 28 billion VND on HNX, and 139 billion VND on UPCoM.

Analyzing individual stocks, VIC was the most heavily net sold, with a value of 616 billion VND. VIX followed with 574 billion VND, VCB with 448 billion VND, and VJC with 386 billion VND. Other large-cap stocks facing significant outflows included VRE (367 billion VND), MBB (242 billion VND), VCI (237 billion VND), MCH (227 billion VND), MWG (224 billion VND), and ACB (208 billion VND).

On the buying side, FPT led foreign investor net purchases with 646 billion VND. VPB followed with 467 billion VND, POW with 361 billion VND, and VNM with 357 billion VND. Financial, banking, and technology stocks such as SHB (268 billion VND), TCX (258 billion VND), HDB (185 billion VND), and the ETF E1VFVN30 (155 billion VND) also saw strong inflows. Additionally, MSN (102 billion VND) and DGW (96 billion VND) attracted notable foreign interest.

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