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Foreign investors’ stock purchase surges 10-fold

Vietnam’s benchmark VN-Index dropped 0.12% to 1067.07 points Friday with foreign investors trade rising 10 times from Thursday.

Foreign investors’ stock purchase surges 10-fold

The index closed 1.24 points lower after gaining 7.87 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 13.82% to VND13.36 trillion ($568.99 million).

Foreign investors were net buyers to the tune of VND1 trillion thanks to a VND1.3-trillion purchase into STG of transportation and warehousing firm South Logistics Jsc.

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers lose.

VHM of property giant Vinhomes dropped 1.6%, followed by VIC of private conglomerate Vingroup with a 1.3% decline.

BVH of insurance company Bao Viet Holdings and MSN of conglomerate Masan Group both lost 1.1%.

Thirteen blue chips gained, led by GVR of Vietnam Rubber Group with a 2.5% increase.

STB of Ho Chi Minh City-based lender Sacombank closed 2.4% higher.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.42% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.21%.

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