Foreign funds continue to withdraw net from Vietnam's stock market - Photo: QUANG DINH
According to data from Fiingroup , capital flows into the Vietnamese stock market through funds continued to be negative with a net withdrawal value of nearly VND900 billion last February.
But the positive point is that the scale of net withdrawal decreased compared to the previous month. In the top 10 stocks that funds bought the most in February, LPB was in the top 1 with 9.6 million shares.
LPB net buying activity of funds (by volume) after this stock was added to the VN30 index basket and its weight in the VNFIN Lead basket increased in the restructuring period of the first quarter of 2025.
LPB's main buyers are two passive funds, ETF DCVFMVN30 and KIM GROWTH VN30 ETF.
SHB ranked second in the group with the most net purchases in the month, with buying power also mainly coming from ETF funds such as Fubon FTSE Vietnam and VanEck Vietnam ETF.
Next is TCB. This is the stock that the most funds participated in net buying (23 funds), mainly open-end funds belonging to Dragon Capital and VinaCapital.
The remaining 7 stocks include: VCI of Vietcap Securities, VIB, OCB, HVN of Vietnam Airlines, MBB of MBBank, MWG of Mobile World, GMD of Gemadept.
On the contrary, TPB was the stock that was sold the most by funds in February 2025. Mainly because PYN Elite fund reduced the proportion of TPB holdings in its portfolio from 9.6% in January to 8.7% in February 2025.
VPB, FPT, VHM of Vinhomes, VIC of Vingroup continued to be sold by funds for the second consecutive month, but the volume decreased compared to the previous January.
Most notably, FPT is the stock with the largest number of net selling funds (22 funds), mostly from open-end funds.
According to Fiingroup experts, this move took place in the context of FPT stock price showing signs of peaking since the end of January and continuously facing selling pressure. "It is very likely that funds are adjusting their portfolios to preserve performance," Fiingroup experts commented.
The report from the data unit also showed that net withdrawals were mainly concentrated in the stock fund group, while net inflows were concentrated in the bond fund group.
In February, the equity and balanced fund groups recorded returns of +1.19% and +1.32%, respectively, higher than the bond group (+0.45%). This is the opposite trend compared to the previous month, when bond funds were the only group to maintain positive returns.
Notably, the performance in February of all three fund groups exceeded the average savings interest rate, showing the ability to optimize investment funds' profits in the context of an improving market.
FPT's capitalization has "evaporated" more than 40,000 billion VND since the beginning of the year.
The negative effect spread across global technology stocks, and some codes on the Vietnamese stock market are no exception to this trend.
FPT - the stock of Vietnam's leading technology corporation - has lost nearly 14% of its market value in the past month. This stock has decreased to 124,600 VND, after decreasing 4.15% today.
With its market price going down, FPT's market capitalization has "evaporated" more than 40,000 billion VND since the beginning of 2025. Its position as the largest private enterprise on the stock exchange is also gone.
FPT shareholders are also having a headache. Mr. Truong Gia Binh, FPT chairman, who holds more than 102 million FPT shares, now holds only 12,700 billion VND, down 2,500 billion VND compared to the end of last year. Near the end of last year, FPT shares once reached a historic peak when they nearly reached 150,000 VND.
Source: https://archive.vietnam.vn/lo-dien-co-phieu-mot-tap-doan-lon-viet-nam-bi-22-quy-ban-rong-von-hoa-boc-hoi-ti-usd/
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