The stock market experienced heightened selling pressure on the final Monday of August, resulting in substantial losses in key stocks as foreign investors continued their net selling.
Shares were mixed on Tuesday as profit-taking following recent rallies weighed on the market, while foreign investors withdrew capital for the fourth consecutive day.
Foreign investors have net sold Vietnamese stocks on HoSE with a value of VNĐ58 trillion (over US$2.3 billion) since the beginning of 2023, indicating a prevailing trend of net selling in the Vietnamese stock market.
The scenario in which the US Federal Reserve lowers interest rates will also stimulate cash flow from the currency market back into international capital markets.
By the end of September 2023, the Vietnamese stock market had 2,237 products of stocks, bonds, ETFs, fund certificates and CW, down 0.89 per cent compared to August but up 3.47 per cent compared to the same period last year.
The stock market is still an attractive investment channel for investors in the near future. However, it also poses many challenges for regulators and market members, said experts.
Vietnamese stocks ended lower in a choppy session on Tuesday as profit-taking erased earlier gains and the ongoing technical congestion as well as the foreign net selling dampened investors sentiment.
The Vietnamese market will face unexpected movements due to the COVID-19 pandemic and the net selling pressure from foreign investors, market analysts said.