Monday , January 30 2023

Foreign investors net buy 3 weeks straight


Vietnam’s benchmark VN-Index dropped 0.27% to 1,052.48 points Friday, with foreign investors net buying for three weeks in a row.

The index closed 2.84 points lower after gaining 4.89 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 25.73% to VND15.51 trillion ($658.04 million).

Foreign investors have been net-buying non-stop since November 21.

They bought VND265 billion Friday, mainly buying HPG of steelmaker Hoa Phat Group and SSI of leading brokerage SSI Securities Corporation.

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gain.

HPG led with a 5.4% rise, followed by HDB of HDBank, up 3.3%.

MWG of electronics retail chain Mobile World inched up 1.8%, and NVL of property developer Novaland Group rose 1.7%.

Fourteen blue chips fell, with VRE of retail real estate arm Vincom Retail losing 6.1% and MSN of conglomerate Masan Group falling 4.8%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.02% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.55%.

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