Foreign investors net sell for seven straight days

Foreign investors net sell for seven straight days

While mid-cap stocks faced significant selling pressure, several banking, securities and livestock industries recorded positive gains.

Workers assemble electric cars at a plant owned by VinFast, a subsidiary of Vingroup. Shares of Vingroup soared 5.37 per cent on Monday, lifting the market. VNA/VNS Photo

The VN-Index managed to close higher on Monday buoyed by the strong performance of Vingroup stocks, despite a general market downturn. While mid-cap stocks faced significant selling pressure, several banking, securities and livestock industries recorded positive gains.

On the Ho Chi Minh Stock Exchange (HoSE), the benchmark index increased by 5.78 points, or 0.35 per cent, to 1,666.48 points.

However, the southern market's breadth revealed a different story, with 233 stocks declining compared to 86 that advanced. Liquidity reached over VNĐ27 trillion (US$1 billion), equivalent to 932.8 million shares traded.

The VN30-Index, tracking the 30 biggest stocks in terms of market cap on HoSE, also ticked up. It ended the trading day at 1,862.23 points, up 9.58 points, or 0.52 per cent.

In the VN30 basket, 18 stocks declined while 10 inched higher and two stayed flat.

The real estate sector led the market with a 2.4 per cent increase, largely driven by the robust performance of Vin family stocks, including Vingroup (VIC) rising 5.4 per cent, Vinhomes (VHM) increasing 2.93 per cent, and Vincom Retail (VRE) up 2 per cent.

In contrast, many mid-cap and penny stocks were under heavy selling pressure, with Dat Xanh Group (DXG) down 4 per cent, DIC Group (DIG) falling 3.5 per cent, Phat Dat Real Estate Development (PDR) decreasing 2.6 per cent, and CEO Group (CEO) dropping 2.3 per cent.

Several banking and securities stocks attracted returning capital, with HDBank (HDB), VPBank (VPB) and Saigon - Hanoi Securities JSC (SHS) all gaining over 2 per cent.

Meanwhile, Vietcap (VCI), MB Securities (MBS) and Ho Chi Minh City Securities (HCM) saw slight increases. The livestock sector also showed improvement, highlighted by gains in Dabaco (DBC), BAF Viet Nam Agriculture JSC (BAF), and Hoang Anh Gia Lai JSC (HAG).

Gelex-related stocks surged towards the end of the session, with Gelex Group (GEX) climbing 4.5 per cent and Gelex Electricity JSC (GEE) hitting its ceiling price.

This upward momentum followed the announcement from Gelex Infrastructure, an essential unit within the Gelex ecosystem, regarding its upcoming IPO, set to list in early 2026.

The company plans to issue 100 million shares to the public priced between VNĐ28,000 and VNĐ30,000 per share.

On the other hand, the HNX-Index on the Hanoi Stock Exchange (HNX) decreased 0.91 points, or 0.33 per cent, to 275.15 points.

During the session, investors poured nearly VNĐ1.8 trillion into the northern bourse, equal to a trading volume of 79.6 million shares.

Foreign investors continued to sell off shares for the seventh consecutive session, with a net selling value of VNĐ749 billion on HoSE and VNĐ35.53 billion on HNX. 

Bizhub