Vietnam’s Stock Market: A Tale of Volatility and Foreign Selling
VN-Index Falls as Foreigners Sell-Off: Vietnam’s stock market experienced a volatile start to the week, with the VN-Index closing 5.1 points lower at 1,296.29. HoSE witnessed low liquidity, with a modest transaction value of VND 19.6 trillion.
Foreign Sell-Off Continues: Foreign investors continued their selling spree, offloading over VND 540 billion across the market. On the HoSE, foreign investors sold a staggering VND 562 billion, with VHM bearing the brunt, followed by GEX and MSN. VIC and MBB emerged as the top buys, with CTG, FUEVFVND, and KBC also witnessing net buying.
HoSE witnesses foreign selling spree
HNX and UPCOM Witness Foreign Buying: On the HNX, foreign investors turned net buyers, purchasing VND 20 billion worth of shares, with MBS leading the pack. Meanwhile, on the UPCOM, foreign investors bought a net of VND 1 billion, with SAS and MCH as the top picks.
HNX attracts foreign buyers
UPCOM’s Mixed Bag: While SAS and MCH attracted foreign investment on UPCOM, NTC witnessed a sell-off. Overall, the UPCOM witnessed modest foreign buying.
UPCOM’s foreign trading activities
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“Large-cap stocks surge: VN-Index resumes its journey to retest old peaks.”
The market staged a strong comeback during the morning session, with leading stocks such as VIC and VHM witnessing significant buying pressure. This positive sentiment spread across various other blue-chip stocks, propelling the VN30-Index to surge by 1.7%, once again reaching new heights.
VietABank Files for Listing on HOSE
The Ho Chi Minh City Stock Exchange (HOSE) has received the listing registration dossier from VietABank, a joint-stock commercial bank currently trading on the Unlisted Public Company Market (UPCoM) under the ticker symbol ‘VAB’.
“Capital Floods Blue-Chip Stocks as VN30-Index Soars to New Heights”
The HoSE matching liquidity slightly increased by 2.6% compared to the previous session, while the VN30 basket witnessed a more robust 10% surge. Trading of this blue-chip basket accounted for 62% of the entire exchange, with the VN30-Index climbing by 2.01% and setting a new peak since early May 2022.
The Bank Stock Aggressively Accumulated by Proprietary Trading Securities Firm in Monday’s Session
“Local brokerage firms witnessed a net buy position of VND 77 billion on the HoSE. This development has caught the attention of investors, sparking curiosity about the potential opportunities that lie ahead.”
“The Big 7 of Vietnam’s Stock Market”: 4 Banks & 3 Vingroup Stocks with a Combined Market Cap of $81 Billion
The “MAG-7 Vietnamese Stocks” group holds a significant weightage, and their fluctuations greatly impact the VN-Index.
