6PM Call: : Blue chips caused VNIndex to lose points
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Last weekend, the db x-trackers FTSE Vietnam ETF fund has announced its revised portfolio in Q3/2016, in which VNM and HSG have been added. Accordingly, to make room for these 2 stocks, the fund will have to sell others in its list (more results can be found at https://vdsc.com.vn/en/diaryDetail.rv?diaryId=329). Stocks being sold most, as we calculated, include HPG (6.49 million shares) and SSI (6.79 million shares). Today many blue chips were sold strongly by foreign investors. However, we cannot conclude whether it was the action of db x-trackers FTSE Vietnam ETF fund, as history shown that the fund tends to trade heavily in ATC session on the 3rd Friday of the month (i.e next September 18).
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