Foreign net purchase hits highest this year

By Dat Nguyen   November 11, 2022 | 12:42 am PT
Foreign net purchase hits highest this year
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 0.77% to 954.53 points Friday, with foreign investors’ net purchase surging to the highest this year.

The index closed 7.29 points higher after losing 38.35 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 1.48% to VND111 trillion ($443.37 million).

Foreign investors net bought VND2.48 trillion worth of stocks this session, mainly purchasing STB of Ho Chi Minh City-based lender Sacombank, KDH of real estate firm Khang Dien House, and HPG of steelmaker Hoa Phat Group.

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers gain.

MSN of conglomerate Masan Group led with a 6.8% rise, followed by KDH, up 6.3%, and ACB of Asia Commercial Bank, up 4%.

BID of state-owned lender BIDV and CTG of state-owned lender VietinBank both gained 3.7%.

Four blue chips fell, with GVR of Vietnam Rubber Group, NVL of real estate developer Novaland Group and PDR of Phat Dat Real Estate Development all hit floor price.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.34% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.26%.

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