What actions are foreign investors taking?

(NLĐO) – On October 31st, foreign investors sold a net of over 1,665 billion VND worth of shares, with MSN alone accounting for over 1,332 billion VND of that amount.

At the close of trading on October 31, the VN-Index closed at 1,264 points, an increase of 5.8 points.

Selling pressure continued, keeping the VN-Index in the red for most of the morning session. However, the market's performance wasn't too bad, with stocks only experiencing minor corrections and some bank stocks maintaining positive gains. The sluggish trading was mainly due to a lack of aggressive buying activity.

In the afternoon session, a sudden surge in demand provided the impetus for a return to positive stock prices. Notably, large-cap stocks in the banking, securities, and consumer sectors such as VCB, CTG, HCM, SSI, MWG, HVN... saw impressive price increases, contributing significantly to the overall index score.

At the close of trading, the VN-Index settled at 1,264 points, up 5.8 points, or 0.46%.

Notably, in this session, foreign investors sold more shares than they bought. Specifically, foreign investors sold 126.3 million shares and bought 103.7 million shares. This resulted in a net selling of 22.6 million shares by foreign investors, valued at over 1,665 billion VND. Therefore, many speculate that in the upcoming sessions, the actions of foreign investors may influence the buying and selling trends of domestic investors.

Given the above developments, Vietcombank Securities Company (VCBS) recommends that investors only hold stocks with stable demand and consider adding more when the market experiences fluctuations in these stocks. Some sectors to watch out for at this time include real estate, securities, and banking…

However, Rong Viet Securities Company (VDSC) stated that the supporting capital flow remains low. The risk of the market being halted and retreating from the 1,265 – 1,270 point range still remains.

Source: https://nld.com.vn/chung-khoan-ngay-mai-1-11-khoi-ngoai-co-hanh-dong-gi-196241031174949936.htm