6PM Call: Foreign Investors Shook the Market - VGC update
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The VNIndex fell sharply, and VNM and ROS were the top decliners, closely followed by banking stocks. CTG, VCB, and BID largely contributed to the decline of the VNIndex. On the other hand, MSN, DHG, FPT and the 2 leaders of the steel sector, HSG and HPG, were today’s leaders. The VNIndex closed with a decline of nearly 5 points, while the HNIndex saw less fluctuation and only declined by 0.22 points. Foreigners net sold at the strongest level since the beginning of November. Decisions of foreigners arose from concerns over the FX depreciation. The selling value was VND223 billion in the HSX, and VNM was their top sell, with a total value of VND195 billion. After the roadshow, this stock has been the most sold stock by foreign investors.
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