Foreign investors net sell 16 sessions straight

By Dat Nguyen December 20, 2023 | 01:26 am PT

An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index rose 0.41% to 1,100.76 points Wednesday, with foreign investors net selling for the 16th session in a row.

The index closed 4.46 points higher after gaining 4.42 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 4% to VND13.28 trillion ($546 million).

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

MWG of electronics retail chain Mobile World led with a 4.3% rise, followed by MSN of conglomerate Masan Group, up 2.7%.

VHM of property giant Vinhomes rose 1.6% and PLX of fuel distributor Petrolimex closed 1.3% higher.

Six blue chips fell. HDB of HDBank and TCB of the largest private lender Techcombank both dropped 0.8%.

Foreign investors were net sellers to the tune of VND413 billion, mainly selling HPG of steelmaker Hoa Phat Group and HCM of Ho Chi MInh City Securities Corp.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.39%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.46%.