Stocks fell sharply, foreign investors net sold over 111,000 billion VND since the beginning of the year

The VN-Index on October 24 only decreased by less than 4 points, but many investors still recorded significant losses, especially those holding stocks in the securities and banking groups in their portfolios.

Expectations of more positive foreign capital flows into Vietnam after the upgrade - Photo: QUANG DINH

At the end of the session on October 24, VN-Index decreased by 4 points, falling back to 1,683.18 points. HoSE recorded a less positive performance when 190 stocks decreased, counterbalancing 117 stocks increased in price.

The sparse green on the board is in the real estate stocks group. Of which, VIC of Vingroup increased by nearly 1.9%, the rest are CEO (+2.67%), DXG (+4.24%), DIG (+0.56%), KBC (+0.3%), NVL (+0.7%)...

In the technology group, FPT continued to "carry" the market with an increase of 2.84%. Meanwhile, Masan 's MSN code also added 1.41% to its market value after today's session.

On the contrary, the securities and banking groups today are under great pressure to correct. In which, SSI decreased by 4%, VIX (-6.5%), VND (-1.46%)...

Many other bank codes also decreased by more than 2% such as MBB (-3.17%), TCB (-3.09%), VPB (-2.67%),SHB (-2.4%), STB (-1.98%)...

The market also continued to record a strong net selling session from foreign investors with nearly 2,000 billion VND. Accumulated from the beginning of the year until now, this group has net sold more than 111,400 billion VND.

Leading the group of stocks with the strongest net selling by foreign investors is FPT with more than 15,921 billion VND, followed by VHM, VCB, HPG, STB, VIC, SSI...

On the contrary, NVL, HVN, TCH, VIX, GEX, EIB… are the stocks in the strongest net buying portfolio of foreign investors.

Although in the short term, the stock market is under considerable pressure to correct when it is at its historical peak. However, in the medium and long term, the Vietnamese market is still positively evaluated. In particular, FTSE Russell upgraded Vietnam to the emerging market group, opening up a new wave of foreign investment and growth opportunities.

At an event held on October 23, the leader of the Securities Commission assessed that being upgraded to the "emerging market" group would help Vietnam be considered an "investable market", similar to bonds being upgraded to safe investment status.

According to the leader of the Securities Commission, many foreign investors - from passive index funds to active capital managers - were previously largely uninterested but have recently researched and discussed with the commission.

For example, at a recent investment conference in Milan (Italy), a fund managing total assets of more than 18,000 billion USD attended and expressed interest in Vietnam.

To take advantage of the opportunity to attract foreign capital, the committee's leaders said they are implementing a series of solutions to support the demand side - that is, the group of foreign investors. Accordingly, the solutions aim to create increasingly favorable conditions for foreign investors.

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BINH KHANH

Source: https://tuoitre.vn/co-phieu-chung-khoan-giam-manh-khoi-ngoai-ban-rong-vuot-111-000-ti-dong-tu-dau-nam-20251024154447022.htm