Foreign investors continue net selling as stock market heads sideways

By Quang Tue   September 6, 2022 | 02:02 am PT
Foreign investors continue net selling as stock market heads sideways
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 stayed at 1,277.4 points Tuesday with foreign investors net selling for the sixth consecutive session.

The index peaked at 1,286.62 points in the morning but gradually fell in the afternoon. It closed 0.05 points higher after losing 3.16 points on Monday.

Trading on the Ho Chi Minh Stock Exchange rose 8.65% to VND14.56 trillion ($618.26 million), a four-session high.

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gain.

POW of Petrovietnam Power rose 2.14% to the highest since June 21.

It was followed by VRE of Vincom Retails, up 1.81%, and BID of lender BIDV, up 1.39%.

Two other lenders, CTG of VietinBank and HDB of HDBank, were also among the top risers with 1.1% gains.

Nine blue chips fell, led by KDH of property developer Khang Dien with a 1.63% drop.

HPG of steelmaker Hoa Phat lost 1.46%, and GVR of Vietnam Rubber Group fell 1.15%.

Foreign investors were net sellers to the tune of VND269.91 billion, focusing on VIC of Vingroup, HPG, and KDH.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, rose 0.15% while the UPCoM-Index at the Unlisted Public Companies Market fell 0.15%.

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