Foreign investor net sales hit one-month high

By Dat Nguyen September 16, 2021 | 02:02 am PT

An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index went up 0.04 points to 1,345.87 points Thursday with foreign investor net sales the highest in a month.

The index rose six points in the morning but could not climb higher and closed with a nearly zero percentage change.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 5.1 percent to VND18.2 trillion ($796.22 million).

Foreign investors were net sellers for the 15th session in a row to the tune of VND1.33 trillion, the highest since Aug. 18.

They focused on selling VIC of biggest private conglomerate Vingroup and DGW of electronics retailer DigitalWorld.

The VN30 basket, comprising the 30 largest capped stocks, saw 20 tickers in the gree, led by VRE of retail real estate arm Vincom Retail with a 5.1 percent drop.

The ticker is now at its highest since July 7. Trading volume Thursday surged 3.7 times the average of the last 10 sessions.

KDH of real estate firm Khang Dien House shot up 3.6 percent, while MSN of conglomerate Masan Group gained 3.4 percent to a new peak.

Several banks rose, including VPB of private lender VPBank, up 1.7 percent, and CTG of state-owned lender VietinBank, up 1.6 percent.

Seven blue chip tickers ended in the red, led by VIC of biggest private conglomerate Vingroup with a 3.9 percent loss.

SAB of brewer Sabeco went down 3 percent, while VHM of real estate giant Vinhomes fell 2.2 percent.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.71 percent, while the UPCoM-Index for the Unlisted Public Companies Market gained 0.46 percent.