Vietnamese Stocks Edge Up on November 11 as Foreign Investors Buy VIC
Vietnam’s VN-Index rose 0.22% to 1,746.90 on November 11, although more stocks fell than rose. VIC was the main driver of the index’s gain and attracted the most foreign net buying. Foreign investors bought a net VND 52 billion overall.
Vietnamese stocks ended November 11 with mixed results. The VN-Index rose 3.83 points, or 0.22%, to close at 1,746.90. There were 136 gainers, 157 decliners and 76 unchanged stocks. The index edged higher, although decliners outnumbered gainers. Market turnover was approximately VND 13.472 trillion.
On November 11, the VN-Index edged up, while foreign investors made substantial net purchases of VIC.（VietVance）
Large-cap stocks drove most of the index’s gain. VIC contributed 5.13 points to the VN-Index, while VHM, VCB and GAS contributed 0.85, 0.69 and 0.65 points, respectively. Meanwhile, VNM, MCH, VPB, STB and TCB weighed on the index, with VNM alone shaving 1.47 points off it.
Banking and real estate stocks showed mixed performances. Among banks, TPB rose 3.15% and SHB gained 2.29%, while VPB and STB fell 1.11% and 1.72%, respectively. Among real estate stocks, VIC gained 1.32% and VHM rose 0.81%, while NVL and KDH fell 2.76% and 2.52%, respectively.
Foreign investors bought a net VND 52 billion on the day. VIC led individual stocks with net purchases of VND 138.8 billion; POW and VHM followed with VND 78.1 billion and VND 47 billion, respectively. FPT saw the largest foreign net selling, at VND 48.3 billion.
Securities firms’ proprietary trading recorded net sales of VND 557 billion on the day. Negotiated trades totaled VND 4.2812 trillion, down 2.6% from the previous session. In matched trades, the share of capital flowing into small-cap stocks increased, while the shares going to large- and mid-cap stocks declined.
Source: VietVance
