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Foreign investors net sell in 5th straight session

Vietnam’s benchmark VN-Index dropped 0.08% to 1,063.76 points Friday, with foreign investors net selling for the fifth session in a row.

Foreign investors net sell in 5th straight session

The index closed 0.87 points lower after gaining 2.84 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.97% to VND10.89 trillion ($463.80 million).

Foreign investors were net sellers to the tune of VND332.06 billion, mainly selling VHM of property giant Vinhomes and VND of brokerage VNDirect.

The VN-30 basket, comprising the 30 largest capped stocks, saw 12 tickers fall.

NVL of property developer Novaland Group lost 1.9%, followed by SAB of brewer Sabeco with a 1.6%.

VCB of state-owned lender Vietcombank closed 1.3% lower and BVH of insurance company Bao Viet Holdings lost 1.2%.

GVR of Vietnam Rubber Group gained 2.7% and POW of electricity producer Petrovietnam Power Corporation went up 1.1%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.40% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.16%.

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