Vietnam Market Wrap: VN-Index edges up as foreign investors maintain net selling stance

The VN-Index inched up 2.06 points to close at 1,341.87 on 28 May, marking a 0.15 percent increase. Total trading value reached VND 22.42 trillion, equivalent to approximately US$863.85 million. Market sentiment remained cautious, with gains in select large-cap stocks offset by ongoing foreign outflows.

Foreign trading summary:
Foreign investors continued their net selling streak, offloading VND 2.31 trillion in shares while purchasing only VND 2.11 trillion, resulting in a net sell of VND 200 billion. In volume terms, net sales reached 15.36 million shares.

Top foreign buys

  • NovaLand (NVL): Closed at VND 13.05, up 1.56 percent. Foreign buy volume reached 644,240 shares.
  • Dat Xanh Group (DXG): Gained 1.69 percent to VND 18.05, with 612,930 shares bought by foreign investors.
  • Nam Long Investment (NLG): Rose 0.27 percent to VND 37.00, with 348,110 shares acquired.
  • Vincom Retail (VRE): Increased 5.53 percent to VND 26.70. Foreign buying totalled 312,430 shares.
  • Vinhomes (VHM): Climbed 1.88 percent to VND 75.70 with 267,680 shares bought.

Top foreign sells

  • DXG: Also saw 172,360 shares sold, narrowing its net buy position.
  • NLG: Foreign investors offloaded 139,790 shares.
  • VRE: Faced selling pressure of 492,877 shares despite the strong price gain.
  • VHM: Recorded 104,540 shares in foreign sales.
  • VIX (VIX Securities): Noteworthy sell volume of 306,010 shares.

Foreign investor sentiment remained bearish, capping index gains and reflecting ongoing caution despite improving domestic liquidity.

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