Foreigners Offload Stocks Worth $43 Million in Big Two-Day Selloff

Foreign investors sold a net 214 billion dong ($9.3 million) on the Ho Chi Minh Stock Exchange (HoSE), while the VN-Index surged.

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After days of steep declines, the stock market unexpectedly reversed course and surged. Buying power helped the VN-Index break out and quickly regain the 1,200-point mark. The index closed the April 24 session with a gain of 28 points (2.4%) to 1,205. Trading volume on HOSE improved but remained low, reaching only VND 16,800 billion.

During the session when the VN-Index rose sharply, foreign investors sold a net VND 214 billion across the market.

On HOSE, foreign investors sold a net of VND 244 billion.

On the buy side, HPG and MWG shares were the most net bought by foreign investors, with values of VND 164 billion and VND 160 billion, respectively. VND and SSI were the next two stocks to be net bought, with VND 91 billion and VND 72 billion, respectively, on HOSE.

Conversely, FUEVFVND faced the strongest selling pressure from foreign investors, at VND 977 billion, followed by VHM and VCB, which were both sold at VND 85 billion and VND 51 billion, respectively.

On HNX, foreign investors net bought VND 60 billion

On the buy side, PVS was the most net bought, with a value of VND 80 billion. MBS was next in line for strong net buying on HNX, with VND 12 billion. Foreign investors also spent several billion dong to net buy VGS, CEO, and L14.

Conversely, IDC was the stock that faced the most net selling pressure from foreign investors, with a value of nearly VND 19 billion; followed by SHS, which was sold at around VND 11 billion.

On UPCOM, foreign investors sold a net of VND 30 billion

On the buy side, LTG shares were bought by foreign investors for nearly VND 4 billion. VGT and ABI were also net bought, with each stock receiving a few billion dong.

In the opposite direction, ACV faced net selling of around VND 12 billion from foreign investors today; they also sold VEA, QNS, and others.