Foreign investors’ stock purchase surges 10-fold

By Dat Nguyen   May 19, 2023 | 03:08 am PT
Foreign investors’ stock purchase surges 10-fold
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 0.12% to 1067.07 points Friday with foreign investors trade rising 10 times from Thursday.

The index closed 1.24 points lower after gaining 7.87 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 13.82% to VND13.36 trillion ($568.99 million).

Foreign investors were net buyers to the tune of VND1 trillion thanks to a VND1.3-trillion purchase into STG of transportation and warehousing firm South Logistics Jsc.

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers lose.

VHM of property giant Vinhomes dropped 1.6%, followed by VIC of private conglomerate Vingroup with a 1.3% decline.

BVH of insurance company Bao Viet Holdings and MSN of conglomerate Masan Group both lost 1.1%.

Thirteen blue chips gained, led by GVR of Vietnam Rubber Group with a 2.5% increase.

STB of Ho Chi Minh City-based lender Sacombank closed 2.4% higher.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.42% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.21%.

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