Foreign Investors Net Sell Over VND 630B on June 1, ACB Leads

Overview

Foreign investors extended their net selling streak to eight consecutive sessions on June 1, offloading over VND 633 billion on HOSE. ACB was the most sold stock, while MWG and FPT attracted net buying. The VN-Index declined amid pressure from Vingroup stocks, and proprietary trading desks also recorded net selling of nearly VND 35 billion.

Key Facts

• Foreign investors net sold VND 633 billion on June 1, the eighth consecutive session of net selling.
• ACB was the most sold stock, with net selling of VND 109 billion.
• Other heavily sold stocks included BSR, MSB, and VIC.
• MWG led net buying by foreign investors at VND 89 billion, followed by FPT at VND 69 billion.
• Proprietary trading desks net sold nearly VND 35 billion on HOSE, with total buying of VND 343 billion and selling of VND 377 billion.
• SHB was the most sold by proprietary desks at VND 29 billion, followed by VIX (VND 13 billion) and MSN (VND 11 billion).
• FPT was the most bought by proprietary desks at VND 34 billion, followed by DCM and MWG at around VND 16 billion each.

What Happened

According to data from the HOSE trading session on June 1, foreign investors continued their net selling trend, offloading VND 633 billion. This marks the eighth consecutive session of net selling, though total two-way trading volume was significantly lower than in previous sessions. The selling pressure was concentrated on banking stocks, with ACB leading at VND 109 billion, followed by BSR, MSB, and VIC. On the buying side, foreign investors favored retail leader MWG (VND 89 billion) and technology leader FPT (VND 69 billion).

Proprietary trading desks at securities companies also net sold nearly VND 35 billion on HOSE, with reduced trading scale compared to recent periods. SHB was the most sold by proprietary desks, followed by VIX and MSN. In contrast, FPT was the most bought, with DCM and MWG also seeing net buying.

Market Context

On June 1, the VN-Index fell as Vingroup stocks (VIC) declined 3.03%. ACB closed flat at VND 24,900, while BSR dropped 3.87% and MSB fell 6.86%. The persistent foreign net selling has weighed on banking and energy stocks, while selective buying has supported retail and technology names. The eighth consecutive session of net selling underscores ongoing foreign investor caution toward Vietnamese equities, particularly in the banking sector.

Strategic Significance

The sustained foreign net selling streak suggests continued risk-off sentiment among international investors, likely driven by global monetary tightening or domestic macro concerns. The concentration of selling in banking stocks like ACB and MSB may reflect concerns over asset quality or margin pressures. Conversely, net buying in MWG and FPT indicates foreign investors still see value in Vietnam’s consumption and technology growth stories. The reduced trading volume in this session could signal a potential stabilization or pause in the selling trend.

What to Watch

• Whether foreign net selling continues in the next sessions or begins to reverse.
• ACB’s upcoming quarterly earnings and any updates on non-performing loans.
• VN-Index support levels and any policy response from the State Bank of Vietnam.
• Trading volume trends for foreign investors as an indicator of sentiment shift.
• Proprietary desk activity, particularly continued buying in FPT and DCM.