Vietnamese Brokerages Net Bought VND 517 Billion on November 10

Vietnam’s stock market strengthened on November 10, with the VN-Index rising nearly 29 points to close at 1,743. Trading value on the Ho Chi Minh Stock Exchange (HOSE) reached about VND 16.901 trillion, up markedly from the previous session. That day, brokerages’ proprietary trading desks bought about VND 1.02 trillion and sold nearly VND 503 billion on HOSE, for net purchases of about VND 517 billion.

VIX had the highest net buying by brokerages’ proprietary trading desks, at nearly VND 272 billion. The desks bought about 20 million VIX shares for approximately VND 272 billion at an average price of VND 13,494 per share, while selling very few shares. HPG, VIC, TCB and MSN also recorded net purchases of VND 45 billion, VND 37 billion, VND 32 billion and VND 32 billion, respectively.

Chart related to brokerages’ proprietary trading on HOSE on November 10.（VietVance）

POW saw the highest net selling by proprietary trading desks, at about VND 75 billion; net sales of GEX, VCI and KDH ranged from VND 8 billion to VND 23 billion. Brokerages’ proprietary trading desks took different positions across stocks.

Chart related to brokerages’ proprietary trading on HOSE on November 10.（VietVance）

Foreign investors net bought nearly VND 462 billion across Vietnam’s market that day, purchasing more than 33 million shares on a net basis. On HOSE, their net purchases totaled nearly VND 478 billion. KDH led with VND 87 billion in net foreign purchases, followed by POW and SSI at VND 77 billion and VND 68 billion, respectively.

On the net selling side, FPT led with VND 88 billion. Foreign investors net sold VND 62 billion of VIX and VND 55 billion of MSB. MSN, PNJ, DCM, VPI, BID, BSR and VPL were also among the stocks with the highest foreign net selling, with amounts ranging from VND 16 billion to VND 39 billion.

Source: VietVance