Foreign investors' net selling trend in the stock market cools down

In the first 6 months of 2024, foreign investors (foreign blocks) net sold 52,000 billion VND in the Vietnamese stock market. The net selling trend continued in July with a sale of 8,283 billion VND but is gradually showing signs of cooling down.

Foreign investors' net selling trend cooled down in July (Photo TL)

On the HoSE, foreign investors net sold VND8,372 billion, the net selling scale decreased by half compared to the previous month. Of which, the total net selling value of foreign investors through the order matching channel reached VND9,267 billion.

The net selling scale in July still focused on technology stocks, represented by FPT . The recorded selling volume reached VND2,367 billion. With the price increase of FPT shares, foreign investors have had the 9th consecutive month of "dumping" this stock code.

Besides, banking and real estate stocks were also recorded as being sold strongly in July by foreign investors.

On the buying side, SBT shares of Thanh Thanh Cong - Bien Hoa recorded a purchase volume of VND 872 billion, leading in July. Some retail, construction, and healthcare stocks also witnessed net buying in July.

On the HNX, foreign investors net sold 110 billion VND with selling pressure concentrated in oil and gas stocks and industrial real estate stocks. On the other hand, buying pressure reached 157 billion VND with some textile and consumer stocks.

In the UPCoM market, foreign investors witnessed a month of net buying with 199 billion VND. Of which, consumer stocks were noted with a purchase scale of up to 202 billion VND. In contrast, net selling focused on QNS shares of Quang Ngai Sugar, followed by PHP, LTG...

Source: https://www.congluan.vn/xu-huong-ban-rong-cua-nha-dau-tu-nuoc-ngoai-tren-thi-truong-chung-khoan-ha-nhiet-post306366.html