Foreign investors bucked the market trend by buying hundreds of billions of VND worth of a blue-chip stock, even as the VN-Index dropped sharply by 20 points. This unusual activity occurred amid a broadly cautious market on December 11, when the benchmark index fell 1.17% to 1,698 points with decreased trading liquidity.
On the Ho Chi Minh Stock Exchange (HOSE), foreign investors recorded a net selling of approximately 488 billion VND. Despite the overall selling pressure, they aggressively accumulated FPT shares, with net purchases exceeding 240 billion VND. MBB followed as the next most purchased stock at 71 billion VND, while VIX and VPL were also sought after, bought at 51 billion and 50 billion VND respectively.
In contrast, VIC was the most heavily sold blue-chip stock by foreigners, with net outflows around 192 billion VND. Other notable sell-offs included STB and VHM, which saw foreign net sales of 158 billion and 105 billion VND. This selective buying amid broad selling indicates a strategic focus by foreign funds on particular high-quality stocks.
On the Hanoi Stock Exchange (HNX), foreign investors net sold 17 billion VND. However, they continued to buy SHS actively, with a net purchase value of 21 billion VND, along with smaller buys in PVS, NTP, MST, and NRC. The main foreign sales pressure was on CEO shares, where nearly 34.5 billion VND were sold, followed by MBS and other smaller holdings.
Similarly, on the UPCOM market, foreign net selling hit 27 billion VND. The exceptions in foreign demand were CCF, which saw net foreign purchases of 7 billion VND, along with moderate buying in MCH and F88. Stocks like ACV experienced net selling pressure of approximately 43 billion VND.
This divergence in foreign investor behavior highlights a cautious yet targeted approach. While they reduced holdings broadly, substantial capital inflows into select blue-chip stocks like FPT signal confidence in their fundamentals despite short-term market weakness.
-
-
-
-
