Which stocks did securities companies and foreign investors net buy during the week the VN-Index plummeted?

After four consecutive days of declines and a recovery session at the end of the week, the VN-Index closed at 1,108.03 points, down more than 4% from the previous week's close. However, as with many previous sharp declines, securities companies and foreign investors significantly increased net buying of shares.

According to statistics this week, the proprietary trading desks of securities companies made net purchases of VND 1,374 billion in stocks across the market. Specifically, the proprietary trading desks made net purchases of VND 1,326 billion on the HOSE exchange. On October 19th alone, they made net purchases of over VND 1,000 billion – the highest in several months. Similarly, securities companies also made net purchases of VND 86.6 billion on the HNX exchange and VND 30.1 billion on the UPCoM exchange.

Securities companies and foreign investors were net buyers of shares during the week the VN-Index plummeted.

In terms of net buying value, VPB shares led the way with over 440 billion VND purchased by the proprietary trading desk. Following closely behind were MWG shares with over 103 billion VND in net purchases; TCB and GMD with over 50 billion VND each. Other stocks such asFPT , VCB, VIC, HDB, etc., saw net purchases of 30-50 billion VND.

Following the trend of domestic institutional investors, foreign investors also made net purchases this week. In total, foreign investors have had four consecutive net buying sessions. Specifically on the HOSE, foreign investors made net purchases totaling VND 1,620 billion, equivalent to more than 31 million shares. Some stocks with large net buying values ​​include VHM shares of Vinhomes Joint Stock Company, purchased with a value of over VND 806.7 billion. Following closely behind are STB with net purchases of over VND 300 billion; FPT with net purchases of over VND 100 billion; PVD with net purchases of over VND 50 billion; SSI with a scale of VND 49.8 billion; and VND with a purchase value of VND 36.1 billion...

The VN-Index experienced a sharp decline this week despite many companies reporting more positive Q3 2023 earnings results compared to Q2 2023. During the week, the State Securities Commission held a meeting with representatives from FTSE Russell to update on policy information and discuss solutions to address obstacles in the criteria for upgrading the Vietnamese stock market. Mr. Tim Batho, FTSE representative, also shared information about his visit and updated on the latest market rating report from the September 2023 review, including the continued inclusion of Vietnam on the watchlist for potential upgrade to a secondary emerging market.

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