An American bank collapsed, but foreign investors still bought VND1,740 billion worth of Vietnamese stocks.

Today's stock trading session, Vietnamese stock indexes fluctuate green - red

Despite the news of the collapse of Silicon Valley Bank (SVB - USA), Vietnamese stock investors remained calm in buying and selling. This caused the market to be in a tug-of-war between buyers and sellers throughout today's stock trading session.

As a result, Vietnamese stock indexes fluctuated between green and red from morning to afternoon. At the close of trading, the VN-Index on the HoSE floor decreased slightly by 0.2 points to 1,052 points. The entire floor had 114 stocks increasing, 288 stocks decreasing; trading volume reached 625 million shares.

The HNX-Index on the Hanoi Stock Exchange also decreased by 2 points to 205 points. The UpCom floor decreased by 0.4 points to 76 points.

Assessing today's stock trading session, VCBS Securities Company said that market liquidity has improved somewhat but active selling pressure still accounts for 60%, showing that domestic investors still value risks. On the contrary, foreign investors continued to disburse by buying 68 million shares, worth VND1,740 billion, focusing on codes POW, HPG, HSG...

Meanwhile, Thanh Cong Securities Company (TCSC) commented that the news of SVB's collapse had a positive impact on investor sentiment because they thought that after this incident, the US might stop raising interest rates.

Thy Tho - Photo: Tan Thanh

Source: https://nld.com.vn/kinh-te/mot-ngan-hang-cua-my-sup-do-khoi-ngoai-van-mua-1740-ti-dong-co-phieu-viet-2023031317052903.htm