ZCZC
BCN-32
VIETNAM-FOREIGN-INVESTOR
Foreign investors back to net buying of Vietnamese stocks
HO CHI MINH CITY, Sept. 8, 2018 (BSS/Xinhua) – Strong cash flows to
Vietnam’s stock market this week, especially on Friday helped VN-Index surge,
ending its four-down streak, while foreign investors became net buyers again.
VN-Index, the index of Ho Chi Minh City bourse in southern Vietnam, closed
at 968.90 points on Friday, up 10.71 points, or 1.12 percent, against
Thursday. In the three trading sessions earlier, the index also dropped.
On Friday, foreign investors net bought nearly 160 billion Vietnamese dong
(6.9 million U.S. dollars) worth of Vietnamese securities.
Specifically, shares of HPG (Hoa Phat Group Joint Stock Company) were net
bought the most with a total value of nearly 53.6 billion Vietnamese dong
(2.3 million U.S. dollars), followed by VCB (Bank for Foreign Trade of
Vietnam) with 48.6 billion Vietnamese dong (2.1 million U.S. dollars), and
VNM (Vietnam Dairy Products Joint Stock Company) with 34.5 billion Vietnamese
dong (1.5 million U.S. dollars).
On the last trading session of this week, stock market index of Vietnam’s
capital Hanoi, HNX-Index, closed at 111.7 points, up 0.79 points or 0.7
percent against Thursday.
On the Hanoi Stock Exchange, foreign investors also came back as net
buyers with nearly 3.4 million stocks worth roughly 152.9 billion Vietnamese
dong (6.6 million U.S. dollars).
Specifically, DPC (Dabaco Group) was net bought the most with value of
over 2.1 billion Vietnamese dong (91,000 U.S. dollars), tailed by NTP (Tien
Phong Plastic Joint Stock Company) and SHS (Saigon – Hanoi Securities Joint
Stock Company).
On the opposite side, foreign dealers net sold nearly 1.5 million stocks
worth roughly 20.5 billion Vietnamese dong (890,000 U.S. dollars) on the
northern bourse. VGC (Viglacera Corporation) was net sold the most with value
of nearly 9.9 billion Vietnamese dong (430,000 U.S. dollars).
Also on Friday on the unlisted public company market (UPCoM), foreign
investors entered the sixth straight trading day of net buying with more than
1.3 million stocks worth 25.9 billion Vietnamese dong (1.1 million U.S.
dollars).
They focused on net buying shares of POW (PetroVietnam Power Corporation)
and VEA (Vietnam Engine And Agricultural Machinery Corporation).
BSS/XINHUA/HR/