Foreign investors net buy in 9th straight session

By Dat Nguyen   November 17, 2022 | 12:40 am PT
Foreign investors net buy in 9th straight session
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 2.8% to 969.26 points Thursday with foreign investors net buying in the ninth session in a row.

The index closed 26.36 points higher after gaining 31 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 21% to VND11.42 trillion ($460.25 million).

Foreign investors were net buyers to the tune of VND1.5 trillion, mainly buying STB of Ho Chi Minh City-based lender Sacombank, VIC of biggest private conglomerate Vingroup and KDH of real estate firm Khang Dien House.

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers gain.

VIC led with a 7% surge, followed by VRE of retail real estate arm Vincom Retail, also rose 7%.

Other gainers included VHM of property giant Vinhomes, up 6.8% and HPG of steelmaker Hoa Phat Group and and MSN of conglomerate Masan Group, both went up 6.7%.

Four blue chips fell, with NVL of real estate developer Novaland Group and PDR of Phat Dat Real Estate Development hitting the floor with a 7% drop.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.4% while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.87%.

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