Foreign stock investors break 3-session buying streak

By Dat Nguyen May 22, 2023 | 12:55 am PT

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 0.33% to 1,070.64 points Monday with foreign investors net selling after three buying sessions.

The index closed 3.57 points higher after losing 1.24 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.20% to VND12.53 trillion ($534.51 million).

Foreign investors were net sellers to the tune of VND468.36 billion, mainly selling VNM of dairy giant Vinamilk and VND of brokerage VNDirect.

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

TCB of the largest private lender Techcombank rose 2.9%, followed by VPB of private lender VPBank with a 2.1% increase.

GVR of Vietnam Rubber Group abd TPB of private TPBank both went up 1.5%.

Ten blue chips closed in the red, with VCB of state-owned lender Vietcombank losing 1.2%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.93% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.16%.