Foreign investors continue to net sell, reaching 23,000 billion for the 7th consecutive week

In the past trading week, VN-Index recorded a sharp decline in the first trading sessions of the week, but the buying power of investors in the following sessions helped VN-Index have a series of recoveries, ensuring the 1,100 point mark. Closing the last trading session of the week, VN-Index recorded 1,103.06 points, a slight increase of 0.07% compared to the previous week.

The foreign exchange market continued to sell off the 23,000 billion mark for the seventh consecutive week, picture 1. — Vietnam stock market records 7th week of net selling by foreign investors (Photo TL)

However, the group of foreign investors is making a relatively strong move to sell stocks. In just the trading week from December 18, 2023 to December 22, 2023, the group of foreign investors net sold VND 2,681 billion in the whole market, marking the 7th consecutive week of net selling by foreign investors in the Vietnamese stock market.

Of which, HoSE recorded a cumulative net selling of VND2,692 billion by foreign investors, net buying of VND18 billion at HNX and net selling of VND8 billion on UPCoM.

Net selling volume came from many Blue Chip stocks in the banking and steel sectors. On the contrary, MWG shares of Mobile World were strongly bought by foreign investors, quite different from the selling pressure in previous months.

If we count the past week, foreign investors have net sold VND23,000 billion since the beginning of 2023. Notably, the selling volume of HoSE accounted for VND25,000 billion.

Source