Foreign investors net sell about VND 880 billion in Vietnamese stocks in one day

On November 12, foreign investors net sold about VND 880 billion in Vietnamese stocks, the largest daily net sale in more than a month. After two consecutive sessions of net buying, they shifted back to selling. Net sales of FPT shares approached VND 450 billion, while KDH and STB saw net sales of VND 108 billion and VND 99 billion, respectively; no stock recorded foreign net buying of more than VND 100 billion that day.

The VN-Index remained below the previous session’s close for most of the day. From late morning through early afternoon, it traded mainly between 1,735 and 1,740 points. It briefly fell below 1,730 points before the close, then finished near 1,735, down more than 12 points from November 11. On the Ho Chi Minh Stock Exchange, 199 stocks declined and 94 rose.

Except for oil and gas, construction and building materials, and media, all other sector indexes fell. Technology, securities, insurance, resources, real estate, banking and retail stocks faced heavy selling pressure. Vingroup’s VIC shares contributed about 3.6 points to the index’s decline, closing at VND 243,000 per share, down 0.9%. Trading value on the Ho Chi Minh Stock Exchange exceeded VND 15.1 trillion, up about 9% from the previous session.

Before the market opened that day, VPBank Securities advised investors to continue holding their existing portfolios, focus on small and mid-cap stocks attracting capital or supported by fundamentals, and choose new buying opportunities carefully. Vietcombank Securities said the market was in a period of consolidation, with the VN-Index fluctuating within a narrow range around 1,740 points; its analysts advised investors to keep holding stocks attracting capital and consider increasing their stock holdings during market fluctuations.

Source: VietVance