Shares end lower on foreign net selling force

Created 22 October 2021
  • PDF
Editor Choice
Share
(0 votes, average 0 out of 5)

Vietnamese shares ended Thursday on a negative note after foreign investors extended their net selling streak, further damping investor sentiment.

A customer at a branch of VPBank (VPB). VPB lost 2 per cent on Thursday. Photo VPBank

HÀ NỘI Vietnamese shares ended Thursday on a negative note after foreign investors extended their net selling streak, further dampening investor sentiment.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index lost 0.65 per cent, to close Thursday at 1,384.77 points. The market's breadth was neutral with 220 stocks increasing while 205 stocks declined.

The southern market index had declined 0.11 per cent, to finish Wednesday at 1,393.80 points.

The market liquidity was also high as domestic investors poured over VNĐ21 trillion (US$923 million) into the southern market, equivalent to a trading volume of nearly 709 million shares.

“On HoSE, foreign investors continued their net selling with a net value of VNĐ790 billion,” reported the news site cafef.vn.

Hoà Phát Group (HPG) was the stock that was under the strongest net selling pressure of foreign investors with a value of VNĐ310 billion. Following were Nam Long Group (NLG) with VNĐ99 billion, Vingroup (VIC) with VNĐ86 billion, SSI Securities Co (SSI) with VNĐ83 billion and Vinhomes (VHM) with VNĐ79 billion.

The VN30-Index dropped 1.05 per cent to 1,489.26 points. Of the VN30 basket, three stocks rose, while 27 slid.

“The market today was strongly influenced by the expiration of the VN30-Index futures contract,” said financial news site vietstock.vn.

“As usual, the market was volatile at the end of the session. The selling force focusing on stocks in the VN-30 group was strong and caused many heavy-weight shares to plunge,” it said.

Some notable losers were Vietjet (VJC) falling 3 per cent, Sabeco (SAB) down 2.1 per cent, VPBank (VPB) declining 2 per cent, PV Power (POW) decreasing 2 per cent, Masan Group (MSN) falling 2 per cent, PetroVietnam Gas JSC (GAS) down 2 per cent and Mobile World Group (MWG) down 1.7 per cent.

On the Hà Nội Stock Exchange (HNX), the HNX-Index gained 0.04 per cent to close Thursday at 388.45 points.

It had risen 0.33 per cent to close Wednesday at 388.29 points.

During the trading session, over 117.4 million shares were traded on the northern bourse, worth over VNĐ2.2 trillion.

 

Source: VNN

Maybe You Also Interesting :

» Current fines for market violations not enough

Although market regulators detect many violations on the stock market, the penalties are often not proportionate to the profit, and so are of little...

» Shares nosedive on late massive selling

Shares nosedived on Monday due to the fall of real estate stocks caused by massive selling at the end of the trading session.

» Shares bounce back, realty and construction the highlight

Shares bounced back on Thursday after a brief decline in the previous session with realty and construction stocks being the highlight of the market.