Foreign investors continue to net sell but have decreased.

Foreign investors continued to net sell but decreased compared to last week. Illustration photo: Toan Le

During the past week, trading from September 9-13 across the market, foreign investors net sold 57.9 million units with a total net selling value of VND1,175.94 billion, a slight decrease of 3.65% in value compared to the previous week.

According to statistics on the HOSE floor, foreign investors sold net for 4 sessions and bought net for 1 session with a total net selling value of VND 1,165 billion, down 4.96% compared to the previous week. On the HNX, foreign investors sold net for 2 sessions and bought net for 3 sessions, with a total net selling value of VND 17.26 billion, while last week they bought net for VND 26.92 billion. On the UPCoM market, foreign investors also sold net for 2 sessions and bought net for 3 sessions, with a total net buying value of VND 6.54 billion, while last week they sold net for VND 7.08 billion.

Looking back at the stock market since the beginning of the year, foreign investors' transactions have not shown any signs of improvement as strong net selling pressure has been maintained throughout the months, except for January 2024 when net buying was maintained at more than VND 1,100 billion.

Meanwhile, the lowest net selling month was February, reaching nearly 1,500 billion VND, and May was the strongest net selling month with a value of more than 19,000 billion VND. In total, in the first 8 months of the year, foreign investors net sold a record 65,000 billion VND.

According to experts, the net withdrawal trend of foreign investors is within the forecast. As the upward trend of exchange rates continues, net selling pressure from foreign investors may still occur in the coming time.

According to analysis by Yuanta Vietnam Securities, the trend of foreign investors will reverse to net buying when two factors occur. One is that it will fall around the last 6 months of the year when the Fed starts to lower interest rates. Or the State Bank of Vietnam will raise the basic interest rate, narrowing the gap between VND and USD interest rates, reducing exchange rate pressure.

“When the exchange rate cools down, foreign investors will likely return to net buying. Sooner or later, the Fed will lower interest rates, the State Bank of Vietnam will likely raise interest rates again, and sooner or later, foreign investors will return to net buying,” said a representative of Yuanta Vietnam Securities.

Source: https://laodong.vn/kinh-doanh/khoi-ngoai-tiep-tuc-ban-rong-nhung-da-giam-1394254.ldo