Individual investors net bought 3.38 trillion VND on HOSE in August, of which net buying through order matching was 4.37 trillion VND. (Photo: VNA) In the first eight months of 2023, cash flow into ETFs investingin Vietnamese stocks reached more than 2.8 trillion VND, but down significantlycompared to the 7.3 trillion VND recorded in the first seven months of 2023.
Net withdrawal activity was recorded in both domestic and foreign ETFs.
The foreign ETF fund group accounts for nearly 62% of the total net withdrawalvalue, equivalent to nearly 2.8 trillion VND, mainly in the two funds KIM KINDEXVietnam VN30 ETF and Fubon FTSE Vietnam ETF. In August 2023, foreign investorsnet sold nearly 2.55 trillion VND on the Ho Chi Minh Stock Exchange (HoSE).
The domestic ETF fund group recorded a net withdrawal of more than1.7 trillion VND in August 2023, concentrating on two funds managed by DragonCapital, VFMVN Diamond ETF and VFM VN30 ETF. In contrast, the newly establishedMAFM VNDIAMOND fund under Mirae Asset recorded net cash inflow for the secondconsecutive month, cumulatively reaching 204.4 billion VND.
With foreign investors, this group boosted their net selling witha net value of 2.55 trillion VND in August 2023. For order-matchingtransactions alone, they net sold 2.83 trillion VND. With order matchingtransactions, foreign net buyers focused on real estate stocks such as VincomRetail (VRE), Kinh Bac Corporation (KBC), Dat Xanh Group (DXG), Phat Dat RealEstate Group (PDR), Khang Dien House (KDH), banking stocks such as Vietinbank(CTG), Bank for Investment and Development of Vietnam (BID), Saigon-Hanoi Bank(SHB), seaports such as Gemadept (GMD), consumer goods such as Vinamilk (VNM),FPT Retail (FRT), Phu Nhuan Jewelry (PNJ), Haxaco (HAX) and chemicals such as DucGiang Chemical (DGC) and Ca Mau Fertiliser (DCM).
On the contrary, they strongly net sold the financial services stocks,accounting for 75% of the total net selling value of foreign investorsthrough order matching, mainly in SSI Securities Inc (SSI), VNDirect (VND),FUEVFVNĐ and E1VFVN30. In addition, they also net sold the banking industrysuch as VPBank (VPB), Vietcombank (VCB), Sacombank (STB) and Lien Viet PostBank (LPB).
Individual investors net bought 3.38 trillion VND on the HOSE in August, ofwhich net buying through order matching was 4.37 trillion VND. Top stocks beingnet bought included Novaland (NVL), VPBank (VPB), Sacombank (STB), SSISecurities Inc (SSI), Viglacera (VCG) and Hoa Phat Group (HPG). Meanwhile, theysold mainly Vinamilk (VNM), Vietinbank (CTG), Saigon-Hanoi Bank (SHB), Vingroup(VIC), Dat Xanh Group (DXG) and Hoa Sen Group (HSG).
Domestic organisations net sold more than 2.1 trillion VND. In order-matchingtransactions alone, they net sold more than 3 trillion VND. They net bought TienPhong Bank (TPB), Vingroup (VIC), Saigon-Hanoi Bank (SHB), Vinamilk (VHM), Dat XanhGroup (DXG), VNDirect (VND) and net sold mainly Novaland (NVL), VPBank (VPB),SSI Securities Inc (SSI), Mobile World Group (MWG) and Hoa Phat Group (HPG)./.
VNA
