During the week, domestic organizations and individual investors poured more than 2,900 billion VND into the market, foreign investors net sold up to 3,028 billion VND, focusing on releasing large-cap stocks such as HPG, VPB and VNM.
VN-Index closed the 19th week of 2021 with 2 gaining sessions, 2 decreasing sessions, adding 2.42 points, equivalent to 0.2%, stopping at 1,241.81 points. Average liquidity per session on HOSE reached 20,090 billion, up 22.8% from the previous week.
While domestic organizations and individual investors in turn bought a net of 1,890 billion and 1,046 billion, transactions of foreign investors were in the same direction as net selling with proprietary investors. Specifically, foreign investors saw a net selling of 3,028 billion dong last week (May 3-7), putting pressure on the index.
Foreign investors dumped more than 3,000 billion dong of shares on HOSE
According to statistics on HOSE, foreign investors net sold nearly 2,970 billion dong last week with 54.4 million shares. For the stock trading alone, the net selling value of this block was up to 3,033 billion dong, in contrast, the fund certificate market recorded a slight net buying value of 113 billion dong.
Source: Thu Thao compiled.
Top 10 stocks were under net selling pressure from foreign investors, led by HPG of Hoa Phat with a value of up to 900 billion dong.
Hoa Phat Group’s annual shareholder meeting has recently approved the plan to pay dividends in 2020 at the rate of 40%, of which 35% is in stock and 5% in cash. Thus, businesses will need to spend about 1,656 billion in cash and issue 1.16 billion new HPG shares to pay dividends.
Recorded tremendous net selling value in the past week also has VPB shares. Regarding this code, VPBank’s newly released operating results report shows that FE Credit’s pre-tax profit in the first quarter of 2021 reached VND 800 billion, down 13% compared to the same period last year and contributing 20% to the combined pre-tax profit.
Previously, VPBank and SMBC Group officially reached a general agreement on the sale of 49% capital in FE Credit. The deal’s value is estimated at nearly $ 1.4 billion.
Foreign investors also focused on withdrawing capital from stocks VNM (496 billion VND), KBC (253 billion VND), VRE (252 billion VND). On the other hand, VCI shares recorded a net selling value of 233 billion dong, followed by MSB (208 billion dong), and CTG (161 billion dong). In addition, foreign investors net sold SSI and PHR with a value of less than hundred billion dong last week.
Top 10 codes attracting foreign investors to pour capital on HOSE, notably STB and NVL recorded net buying value of 264 billion dong and 168 billion dong. Foreign investors strongly gathered these two codes after related positive information.
Specifically, Sacombank recently announced its business results in the first quarter with net profit from Sacombank’s investment securities increased by nearly 91%, earning 34.4 billion dong for the bank. NPL ratio decreased from 1.7% to 1.48%.
During the period, the total operating income reached VND 4,145 billion, an increase of 6.8% compared to the first quarter of 2020. However, because the bank raised the cost of setting up nearly 14% to 476 billion dong, pre-tax profit was more than 1,000 billion dong, only slightly higher than the first quarter of last year.
Novaland announced net revenue reached nearly 4,507 billion, up approximately 158% over the same period in 2020; net profit is nearly 537 billion, up 67% over the same period. NVL’s stock price recently also made a breakthrough, closing the weekend session at VND 135,800 / share, surpassing the market price of VIC shares of Vingroup.
In addition, foreign investors also gathered hundreds of billion VND of fund certificates, FUEVFVND (142 billion VND) and HSG shares (133 billion VND). Some stocks on the same net buying side saw lower value such as MBB (81 billion dong), DHC (69 billion dong), NKG (50 billion dong), and others like OCB, HCM and GMD.
In the same direction, foreign investors withdrew a hundred billion dong on the HNX
On the HNX, the foreign’s selling in the past week reached 119 billion dong, overwhelming the buying value of 68 billion dong. As a result, they net sold more than 51 billion dong, in the same direction as on HOSE.
Source: Thu Thao compiled.
In detail for trading codes, foreign investors net sold mainly three stocks: VNM (37 billion dong), GLT (20 billion dong) and PAN (18 billion dong). Along with that, foreign investors net sold under 10 billion dong a series of other stocks such as NVB, SHS, NRC, KLF, PPS.
In contrast, PVS shares led the net buying side on HNX with the value of 29 billion dong. In addition, stocks attracting cash flow during the session such as VCS, NTP, SHB, IDV.
Foreigners were only net buyers on the UPCoM market, focusing on VTP
On the contrary, on UPCoM, foreign investors net bought 61 billion dong during the week. The total buying value of this group was 258 billion dong while the selling value was 198 billion dong.
Source: Thu Thao compiled.
On the net buying side, foreign investors mainly gathered VTP shares of Viettel Post (74 billion dong), followed by QNS, MML, MCH, SIP… but the value did not exceed 10 billion dong. Meanwhile, foreign capital was net withdrawn from BSR (39 billion dong). They also net sold VEA, CTR, NTC, and PVX … in the past week.
Source: vietnambiz.vn – Translated by fintel.vn