Foreign investors net sell in 5th straight session

By Dat Nguyen   May 26, 2023 | 12:56 am PT
Foreign investors net sell in 5th straight session
An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index dropped 0.08% to 1,063.76 points Friday, with foreign investors net selling for the fifth session in a row.

The index closed 0.87 points lower after gaining 2.84 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.97% to VND10.89 trillion ($463.80 million).

Foreign investors were net sellers to the tune of VND332.06 billion, mainly selling VHM of property giant Vinhomes and VND of brokerage VNDirect.

The VN-30 basket, comprising the 30 largest capped stocks, saw 12 tickers fall.

NVL of property developer Novaland Group lost 1.9%, followed by SAB of brewer Sabeco with a 1.6%.

VCB of state-owned lender Vietcombank closed 1.3% lower and BVH of insurance company Bao Viet Holdings lost 1.2%.

GVR of Vietnam Rubber Group gained 2.7% and POW of electricity producer Petrovietnam Power Corporation went up 1.1%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.40% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.16%.

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