Foreign investors unexpectedly returned to net buying, which stocks were 'collected' the most?

VN-Index just had a positive recovery session, foreign investors also returned to net buying after selling continuously since the beginning of February.

The stock market recovered positively in the session on February 19, when foreign investors returned to net buying - Photo: QUANG DINH

In the stock trading session on February 19, foreign investors returned to net buying about 350 billion VND. This move is considered a "turnaround" by foreign investors, after they have been net selling continuously since the beginning of February.

OCB (Oriental Bank), HDG (Ha Do Group), TCH (Hoang Huy Financial Services Investment Joint Stock Company), SIP (Saigon VRG Investment), VCI (Vietcap) or DBC (Dabaco)... are the stocks attracting the most foreign cash flow today.

The return of net buying today has somewhat narrowed the accumulated net selling value of foreign investors since the beginning of the year (up to this point, foreign investors have net sold more than 13,000 billion VND).

Of whichFPT , VIC, VNM, MWG, STB, SSI, VCB, MSN, FRT, CTG... are the codes that foreign investors have withdrawn money from the most since the beginning of the year.

On the other hand, VGC, HDB, GEX, OCB, LPB, KBC, TCH, PC1… are the codes that foreign investors "collect" the most.

According to securities companies, foreign buying and selling movements are factors that need to be observed in the coming time. Foreign net selling not only causes a large amount of money to be withdrawn, but also affects the overall sentiment of the whole market.

According toACB Securities (ACBS), although foreign investors' net selling pressure decreased in the third quarter of last year, it increased again in the fourth quarter when the Fed announced a roadmap for two cuts in 2025 following Mr. Trump's election victory.

Selling pressure remained relatively high in January 2025 despite being affected by Tet, according to ACBS.

ACBS also said that the Fed kept interest rates unchanged in the January 2025 meeting, in the context of the US CPI showing an upward trend again.

In the context of increasing exchange rate pressure, the State Bank had to increase interest rates, leading to the USD-VND interest rate differential reversing from negative to positive again after the November 2024 period.

ACBS forecasts that in the short term, pressure from the "trade war" after Mr. Trump took office could push the USD/VND exchange rate even higher. However, the exchange rate pressure will stabilize again by the end of 2025 thanks to many factors.

First, the Fed is expected to cut interest rates 1-2 times in 2025, in case inflation can be well controlled, helping the interest rate gap to decrease or possibly turn positive while the State Bank is tending to keep interest rates low to maintain economic growth.

Second, FDI inflows into Vietnam are likely to be stronger, given that China is the country most heavily affected by this trade war.

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Source: https://tuoitre.vn/khoi-ngoai-bat-ngo-mua-rong-tro-lai-loat-co-phieu-nao-duoc-gom-nhieu-nhat-20250219183233135.htm