The Vietnamese stock market witnessed a bearish session with a sea of red on the screens. High selling pressure coupled with weak investor sentiment led to a sharp decline in various stocks, some even hitting their daily downward limit. At the close of August 5, the VN-Index plunged by 48.53 points or 3.92% to 1,188.07. Trading liquidity on HoSE improved, with the matched order value reaching VND 21,260 billion.
In terms of foreign trading, foreign investors offloaded Vietnamese stocks, recording a net sell value of VND 749 billion.
On the HoSE, foreign investors net sold VND 731 billion
Foreign investors heavily net sold HPG stocks, with a value of VND 232 billion. Several other Bluechip stocks also witnessed net selling by foreign investors: FPT (VND 89 billion), MWG (VND 81 billion), STB (VND 78 billion), SSI (VND 70 billion), etc.
On the buying side, VNM was the focus of foreign net buying with a value of VND 192 billion. This was followed by VCB, HVN, and MSN, which were net bought in the range of VND 48-94 billion.
On the HNX, foreign investors net sold over VND 10 billion
On the buying side, IDC was net bought strongly with a value of VND 8 billion. BVS, IVS, and TIG were also net bought in the range of VND 1 to 2 billion each. Meanwhile, MBS was among the top net bought stocks on the HNX, but with a smaller value.
On the selling side, PVS faced the highest net selling pressure from foreign investors, with a value of nearly VND 11 billion. This was followed by SHS, DHT, and CEO, which were net sold in the range of a few billion VND each.
On the UPCOM, foreign investors net sold over VND 7 billion
On the other hand, ACV and QNS faced net selling pressure of around VND 3-4 billion each. Additionally, foreign investors also net sold BSR, MCH, WSB, and a few other stocks.
“DPM’s Profits Vanish Into Thin Air, Accounting for Over 90% in 2023”
“DPM, the industry leader, achieved a remarkable feat by generating a profit post-tax of over 90% in 2023, marking its lowest net earnings since 2019.”
Dragon Capital Chairman: “Long-term vision is needed, accepting necessary adjustments for a safer, more efficient, and higher quality market”
According to Mr. Dominic Scriven, Chairman of Dragon Capital, the role of the finance industry in the stock market will be significant in 2023 and possibly in 2024. The roles of other industries, such as real estate or consumer goods, will depend on their respective challenges.
LandX Services reports a loss of 160 billion VND in 2023, cuts over 1,000 staff
In 2023, Dat Xanh Services incurred a net loss of 160 billion VND primarily due to a shortfall in real estate service revenue. Additionally, the company downsized its workforce by over 1,000 employees in the past year.
