Foreign investors remain net-sellers on stock market

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Báo Tuổi Trẻ English - 21 month(s) ago 2 readings

Foreign investors remain net-sellers on stock market

Foreign investors last week maintained their net-selling mode for the 4th and 3rd week in a row on both national bourses.

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Their net-selling values on Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) were recorded at over VND161.5 billion ($7.75 million) and VND8 billion ($384,615) respectively.

The accumulative net-selling values on HoSE in the last 4 weeks were VND1.3 trillion ($62.5 million).

On HoSE, they bought over 10.82 million shares worth about VND361.3 billion, while selling over 17.53 million shares for about 161.5 billion. The respective figures on the northern bourse were over 2.74 million shares worth VND32.3 billion and over 3.41 million shares worth VND40.13 billion.

On the southern bourse, they focused on VIC, BVH, CTG, HPG, and ITA with respective value of VND38.47 billion, VND19.69 billion, VND19.27 billion, VND17.55 billion, and VND16.26 billion.

VIC has topped the list for the13th straight week with VND38 billion, bringing total net-selling value since mid-July to about VND1 trillion.

VIC’s price has dropped about 30 percent, from VND133,000 per share to VND92,500 per share during the period.

The price of IJC, which was also on the list of net-sold stock this week, has fallen by 5 percent after rising 75 percent last month since being added into FTSE Vietnam Index managed by Duetsche Bank.

Leading net-buying stocks on HoSE last week, such as VSH, SJS, ITC, SSI, and BCI, had respective values of VND5.21 billion, VND4.04 billion, VND3.7 billion, VND3.26 billion, and VND2.98 billion.

Regarding negotiated transactions, some 500,000 MSN stocks worth over VND58.5 billion were dealt during the time.

BankInvest in the 3rd week of September had agreed to sell 4 million MSN shares top a foreign partner for VND604 billion. It has registered to sell 1 million MSN shares in October.

On the northern bourse, leading net-selling stocks last week were PVS, VCG, PVX and VND with respective values of VND8 billion, VND6 billion, VND5 billion and VND1.5 billion.

Regarding net-purchasing, PGS, VCS, KLS, and ICG took the lead with values ranging from VND1 billion to VND3 billion.

Foreign investors in September had the strongest net-selling streak in the last 3 years due to global and domestic economic uncertainties.

They got some VND886.3 billion from net-selling, excluding bond trading, for 19 first sessions last month on both HoSE and HNX.

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