Vietnam stocks fall on November 12 as foreign investors net sell VND 857.2 billion

Vietnamese stocks closed lower on November 12. The VN-Index fell 12.15 points, or 0.70%, to 1,734.75 points. More than 653.5 million shares changed hands on the Ho Chi Minh Stock Exchange, with trading value of about VND 15.138 trillion; 199 stocks declined, 94 rose and 65 were unchanged. The VN30 fell 0.85%, while the VN100 declined 0.70%.

Foreign investors continued to net sell Vietnamese stocks, with net sales exceeding VND 800 billion in a single day.（VietVance）

Large-cap stocks exerted the greatest pressure on the index. VIC took 3.53 points off the VN-Index, while bank stocks including VPB, TCB, BID, VCB and MBB also weighed on it. Decliners outnumbered gainers among bank stocks, and some real estate, materials and consumer stocks also fell; FPT dropped 2.85%.

Foreign investors net sold VND 857.2 billion on the Ho Chi Minh Stock Exchange. FPT recorded the largest net sales at VND 450 billion, followed by KDH at VND 107.1 billion and STB at VND 98.7 billion. On the buying side, HDB led with net purchases of VND 60.4 billion.

Securities firms’ proprietary trading desks net bought VND 324.8 billion, including VND 313.6 billion through order-matched trades. Negotiated trades totaled VND 4.8697 trillion, up 13.7% and accounting for 30.1% of total trading value. In one such transaction, foreign investors sold VND 120.6 billion worth of KDH shares to domestic investors.

Source: VietVance