Foreign investors' stock sale jumps 18 times

By Dat Nguyen   October 28, 2022 | 12:52 am PT
Foreign investors' stock sale jumps 18 times
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 dropped 0.06% to 1,027.36 points Friday with foreign net sale surging 18 times.

The index closed 0.65 points lower after gaining 34.65 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 20% to VND13.35 trillion ($537.55 million).

Foreign investors were net sellers to the tune of VND3.1 trillion, up 18 times from Thursday, with 97.6% of the value coming from the sale of EIB of private lender Eximbank.

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

HPG of steelmaker Hoa Phat Group fell 3.4% while NVL of real estate developer Novaland Group dropped 1.9%.

It was followed by PDR of Phat Dat Real Estate Development, down 1.8%, and VPB of private lender VPBank, down 1.2%.

Other decliners included FPT of IT giant FPT Corporation, SAB of brewer Sabeco and VIB of Vietnam International Commercial Bank.

Ten blue chips gained, led by TCB of the largest private lender Techcombank with a 6.8% rise.

VHM of property giant Vinhomes gained 2%, and VIC of biggest private conglomerate Vingroup rose 1.3%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.05% while the UPCoM-Index at the Unlisted Public Companies Market was down by 1.54%.

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