Foreign investors end 6-week net selling streak

By Dat Nguyen December 22, 2022 | 01:32 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 rose 0.37% to 1022.61 points Thursday with foreign investors net selling after six consecutive weeks of net purchase.

The index closed 3.73 points higher after losing 4.25 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 10.52% to VND12.90 trillion ($544.99 million).

Foreign investors net sold VND2.55 trillion, highest since October 28.

Their top selling ticker was EIB of private lender Eximbank with a value of VND2.9 trillion. EIB dropped 2.78%.

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers gain.

KDH of real estate firm Khang Dien House and PDR of Phat Dat Real Estate Development led with a 7% and 6.7% rise respectively.

VPB of private lender VPBank gained 4.5%, and PLX of fuel distributor Petrolimex went up 3.9%.

TPB of private TPBank rose 3.5% and POW of electricity producer Petrovietnam Power Corporation increased by 2.4%.

Six blue chips fell, with GAS of state-owned Petrovietnam Gas losing 2.2%.

VNM of dairy giant Vinamilk dropped 1.7%, and SSI of leading brokerage SSI Securities Corporation fell 1%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.65% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.18%.