Since March 2024, a group of foreign investors (foreign blocks) have continuously "dumped" blue chip stocks. Notably, the selling force is still strongly concentrated on technology stocks FPT and some stocks of "big guys" in the real estate industry.
Foreign investors continued to net sell nearly 400 billion VND in the last session of the week (Photo TL)
In the last session of the week of July 19 alone, foreign investors net sold 397 billion VND. Selling pressure was concentrated on the HoSE floor, while the HNX and UPCoM floors witnessed relatively stable buying pressure.
Specifically, on the HoSE, FPT shares continued to be sold by foreign investors for VND228.5 billion. This was followed by the sale of VND159 billion of a top stock in the real estate sector. Banking stocks were also the focus of foreign investors' selling last week.
In the opposite direction, foreign investors tend to "collect" SBT shares of Thanh Thanh Cong - Bien Hoa, with a purchase volume of 418 billion VND. Following that is MWG shares of Mobile World with 177 billion VND.
On the HNX, the opposite happened when foreign investors net bought 39 billion VND. Buying power focused on oil and gas stocks while selling power was relatively weak, targeting construction stocks with low value.
Regarding UPCoM, foreign investors witnessed the fourth consecutive net buying session with 8 billion VND. The group of stocks "collected" focused on the consumer and technology sectors. Meanwhile, the selling volume poured into the code VEA of Vietnam Engine and Agricultural Machinery Corporation with nearly 3.7 billion VND.
Source: https://www.congluan.vn/foreign-investors-continue-to-sell-400-billion-dong-week-just-past-post304361.html
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