Sunday , May 28 2023

Foreign stock investors break net-selling streak

Vietnam’s benchmark VN-Index rose 0.09% to 1,053.81 points Monday with foreign investors breaking a seven-session selling streak.

The index closed 0.92 points higher after losing 11.41 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 39.57% to VND8.05 trillion ($342.81 million).

Foreign investors turned net buyers to the tune of VND205.85 billion after net selling for seven sessions in a row.

They mostly bought HPG of steelmaker Hoa Phat Group and PNJ of Phu Nhuan Jewelry.

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain.

NVL of property developer Novaland Group led with a 4.2% rise.

It was followed by PDR of Phat Dat Real Estate Development, up 3.7%, and POW of electricity producer Petrovietnam Power Corporation, up 1.9%.

TCB of the largest private lender Techcombank also gained 1.9%.

BID of state-owned lender BIDV closed 1.2% higher.

Twelve blue chips fell, with SAB of brewer Sabeco losing 1.8% and BVH of insurance company Bao Viet Holdings falling 1.7%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.3% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.39%.

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