Foreign investors net sell 5 sessions in a row

Vietnam’s benchmark VN-Index dropped marginally to 1069.45 points Wednesday, with foreign investors net selling for the fifth straight session.

The index closed 0.01 points lower after gaining 4.11 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 9.16% to VND12.65 trillion ($539.51 million).

Foreign investors were net sellers to the tune of VND341.75 billion, mainly selling CTG of state-owned lender VietinBank and KBC of industrial real estate developer Kinh Bac City.

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain.

NVL of property developer Novaland Group led with a 6% rise, followed by PDR of Phat Dat Real Estate Development, up 4.8%, and MSN of conglomerate Masan Group up 2.1%.

POW of electricity producer Petrovietnam Power Corporation rose 1.9% and TCB of the largest private lender Techcombank closed 1% higher.

Fourteen blue chips dropped.

SSI of leading brokerage SSI Securities Corporation fell 2.7% and VJC of budget airline Vietjet lost 2.5%.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.19% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.43%.