Foreign investors end 14-session net selling streak

By Dat Nguyen   March 7, 2023 | 02:34 am PT
Foreign investors end 14-session net selling streak
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 1.04% to 1037.84 points Tuesday, with foreign investors net buying for the first time in 14 sessions.

The index closed 10.66 points higher after gaining 2.41 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 21.15% to VND8.25 trillion ($348.98 million).

Foreign investors turned net buyers to the tune of VND158.68 billion for the first time since Feb. 14. They mainly bought STB of Ho Chi Minh City-based lender Sacombank, CTG of state-owned lender VietinBank and HDB of HDBank.

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers gain.

MSN of conglomerate Masan Group gained 5.2%, followed by SSI of leading brokerage SSI Securities Corporation with a 3.5% rise.

HPG of steelmaker Hoa Phat Group went up 3.4% and HDB of HDBank gained 2.8%.

BID of state-owned lender BIDV rose 2.4%.

Only two blue chips fell. NVL of property developer Novaland Group lost 1.8% and TCB of the largest private lender Techcombank went down 0.4%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.46% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.22%.


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