Foreign investors sell net $56m of shares in January

Foreign investors sold a net 27 million shares, worth VND1.25 trillion ($56.2 million), in January. — VNS Photo Gia Vi

HA NOI (Biz Hub) — The net sale of shares worth VND1.25 trillion (US$56.2 million) by foreign investors in January contributed significantly to the decline of the stock market last month, data collected by two local bourses.

At the end of January, the VN-Index fell 33.78 points, or 5.8 per cent, to touch 545.25 points on the HCM Stock Exchange (HoSE), while the HNX-Index declined 3.09 points, or 3.9 per cent, to reach 76.87 points on the northern bourse of the Ha Noi Stock Exchange (HNX).

While the two bourses recorded the purchase of 201.2 million shares by foreigners, worth more than VND5.22 trillion ($234.1 million), they also reported the sale of 228.28 million shares, worth more than VND6.48 trillion ($290.3 million), by foreign investors.

Thus, foreign investors sold a net 27 million shares, worth VND1.25 trillion ($56.2 million), in January.

Foreign investors conducted net sales on HoSE for three consecutive months. Their net sale value in January was 34.6 per cent lower than in December, reaching VND1.305 trillion ($58.4 million), or 32.4 million shares. Foreign investors also bought nearly 167 million shares and sold more than 199.4 million shares in January. The purchase value reached more than VND4.791 trillion ($214.5 million), while the sale value reached VND6.097 trillion ($273 million).

In the last three months, foreign investors made net sales worth VND3.794 trillion ($169.9 million) on the southern bourse.

In particular, the shares of Vingroup (VIC) topped the sale list, with 21 million shares being sold for more than VND1 trillion ($44.7 million). It was the 11th consecutive month that VIC shares were sold.

Then, 6.88 million shares of Hoa Phat Group (HPG) were sold for VND175.7 billion ($7.8 million) and 14 million shares of Hoang Anh Gia Lai Group (HAG) were sold for VND122 billion ($5.4 million) in January.

EIB shares and CII shares, on the contrary, were purchased on HoSE, for VND147 billion ($6.58 million) and VND115 billion ($5.1 million) respectively.

However, foreign investors were net buyers on HNX in January, purchasing more than 5.4 million shares, worth VND49 billion ($2.19 million). Foreigners bought 34.3 million shares, worth VND436.4 billion ($19.5 million), and sold 28.8 million shares, worth VND378 billion ($16.9 million), on HNX last month.

Also on HNX, foreign investors sold 2.36 million DBC shares for more than VND62.5 billion ($2.8 million), and 3.86 million PVS shares for more than VND51.3 billion ($2.3 million).

Meanwhile, the maximum shares bought were of PLC, worth more than VND25 billion ($1.1 million), followed by IVS and CEO, worth VND22.6 billion (more than $1 million) and VND18.2 billion ($815,000), respectively.

Ban Viet Securities Company VCSC forecast yesterday that there would be more selling in early February by investors because of the long Lunar New Year festival holiday. — VNS