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The Flow of Capital: The Rhythm of Adjustment Endures
The market has experienced its most significant correction since the April lows, following a remarkable 42% surge in the VN-Index. The abrupt 4.1% decline on July 29, accompanied by record-breaking trading volumes, signaled the conclusion of a short-term cycle. It's essential for the market to cool off and consolidate before embarking on the next upward trajectory.
“Foreigners net-sell $10 billion, mostly in matched deals.”
Today, foreign investors net-sold $4.3 million, with gross selling of $43.5 million and gross buying of $39.2 million. On the matching side, they net-sold $11.6 million.
“Unsuccessful Auction for Haxaco’s 6,200 sqm Land in Ho Chi Minh City”
The prime land plot located on Vo Van Kiet Street in Ho Chi Minh City, spanning an impressive 6,282.6 square meters, was initially put up for auction with a starting bid of VND 1,130.8 billion. Despite the attractive offering, the auction unfortunately did not attract any bidders by the deadline.
