Foreign investors focus on buying

The Ho Chi Minh City and Ha Noi bourses on July 25 reported substantial boost in foreign buyers.

At the Ho Chi Minh City Securities Trading Centre, foreign investors bought more than 1.9 million units worth 247.8 billion VND, a 75 percent increase compared to the previous session.

Foreign buyers focused on 62 shares, mostly blue chips like the Corporation for Financing and Promoting (FPT), Vinamilk (VNM), Tan Tien Plastics Packaging (TTP), Vinh Son-Song Hinh (VSH), and Pha Lai Thermal Power Company (PPC).

Of the purchase, which accounted for 48.13 percent of the bourse's transactions, FPT was the most popular, followed by VNM.

Foreign buyers also sought shares in Song Da Urban and Industrial Zone Investment and Development (SJS), PetroVietnam Drilling &Well Services (PVD), and Tuong An Oil Company (TAC) at the bourse.

At the same time, selling by foreign investors fell with 630,730 units of 43 shares sold for more than 65 billion VND, making up 12.76 percent of the total transactions conducted on the bourse.

At the Ha Noi Securities Trading Centre, foreign investors bought 271,000 units of 22 shares worth around 20 billion VND while selling only 40,000 units of six shares for 7.8 billion VND.

By the end of the July 25 trading session, both the Ho Chi Minh City and Ha Noi bourses suffered losses.

The VN-Index at the Ho Chi Minh City Securities Trading Centre dropped again after bouncing back at the previous session, losing 9.87 points to finish at 972.56 points.

Nearly 4.8 million shares, worth more than 514 billion VND, were traded during the day. The session witnessed up to 76 shares decline while only 14 shares recorded gains and 21 remain unchanged.

At the Ha Noi Securities Trading Centre, the HaSTC-Index dropped 1.64 points to finish at 263.4 points. However, the traded volume increased rapidly over the previous session, amounting to 840,000 shares, worth more than 79.5 billion VND.

Source: VNA