Foreign net selling hits 11-week high

By Dat Nguyen   September 22, 2022 | 01:03 am PT
Foreign net selling hits 11-week high
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.34% to 1,214.7 points Thursday, with foreign investors’ net sale highest in 11 weeks.

The index closed 4.15 points higher after losing 8.38 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 19.36% to VND11.67 trillion.

Foreign investors were net sellers to the tune of VND483 billion, highest since July 15. They mainly sold NLG of real estate developer Nam Long Investment Corp and BCM of Becamex Investment and Industrial Development.

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers gain.

SSI of leading brokerage SSI Securities Corporation rose 2.7%, followed by VIB of Vietnam International Commercial Bank, up 2.3%, and GAS of state-owned Petrovietnam Gas, up 1.8%.

GVR of Vietnam Rubber Group and POW of electricity producer Petrovietnam Power Corporation both gained 1.5%.

Seven blue chips fell, with MSN of conglomerate Masan Group losing 1.8%.

VCB of state-owned lender Vietcombank and VHM of real estate giant Vinhomes lost 1.1% and 1% respectively.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.21% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.36%.

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