Foreign & Proprietary Net Selling Hits HOSE Stocks on May 29
This Aveluro analysis covers BID (Đầu tư và Phát triển Việt Nam (BIDV), có tiền thân là Ngân hàng Kiến thiết Việt Nam trực thuộc Bộ Tài chính được thành lậ) in the Banking sector. The classified event type is foreign flow, with negative sentiment and a deterministic market-impact score of 3.5/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
On May 29, 2026, both foreign investors and proprietary trading desks at securities companies were net sellers on the HOSE exchange. Foreign investors net sold approximately VND 750 billion across the entire market, while proprietary desks net sold VND 570 billion on HOSE. VPB was the most bought stock by proprietary desks, while E1VFVN30 saw the largest net selling.
Key Facts
- Foreign investors net sold about VND 750 billion across the entire market on May 29.
- Proprietary trading desks of securities companies net sold VND 570 billion on HOSE.
- VPB was the most bought stock by proprietary desks, with net purchases of VND 57 billion.
- E1VFVN30 was the most sold by proprietary desks, with net selling of VND 18 billion.
- Other stocks net sold by proprietary desks include MSN (-VND 15 billion), TPB (-VND 13 billion), HPG (-VND 11 billion), and HDB (-VND 11 billion).
- Stocks net bought by proprietary desks include VCB (VND 43 billion), TCB (VND 38 billion), FPT (VND 37 billion), MBB (VND 29 billion), and MWG (VND 21 billion).
- VN-Index closed at 1,863.49 points, down 0.18 points (-0.01%).
What Happened
On the final trading session of the week, May 29, the Vietnamese stock market opened in positive territory but quickly faced profit-taking pressure. The VN-Index spent most of the session in a narrow range and closed nearly flat at 1,863.49 points, down 0.01%. According to market data, foreign investors were net sellers of approximately VND 750 billion worth of stocks across the entire market, while proprietary trading desks at securities companies net sold VND 570 billion on HOSE.
Proprietary desks showed a clear divergence in their trading: they net sold VND 18 billion of E1VFVN30, VND 15 billion of MSN, VND 13 billion of TPB, and VND 11 billion each of HPG and HDB. On the buying side, VPB was the most bought stock with net purchases of VND 57 billion, followed by VCB (VND 43 billion), TCB (VND 38 billion), FPT (VND 37 billion), MBB (VND 29 billion), MWG (VND 21 billion), VHM and DCM (each VND 18 billion), SSI (VND 18 billion), and VIC (VND 13 billion).
Market Context
On May 29, BID closed at VND 42,000 (-1.18%) on volume of 5.96 million shares, CTG closed at VND 34,800 (-0.14%) on volume of 8.35 million, and DCM closed at VND 39,800 (-1.00%) on volume of 2.67 million. The broad-based selling by foreign investors and proprietary desks contributed to the market’s lackluster performance, with the VN-Index barely moving. The selling pressure was concentrated in large-cap stocks, while some individual names like VPB and VCB saw net buying from proprietary desks.
Strategic Significance
The simultaneous net selling by both foreign investors and proprietary desks suggests a cautious short-term sentiment among institutional participants. However, the divergence in proprietary desk activity—selling ETFs and certain large caps while buying banks like VPB, VCB, and TCB—indicates selective positioning. For long-term investors, the persistent foreign selling may signal ongoing portfolio rebalancing or risk-off sentiment, but the proprietary buying in select banking stocks could reflect confidence in the sector’s fundamentals.
What to Watch
- Continued foreign flow data in the coming sessions to see if net selling persists.
- Proprietary desk trading patterns, especially in banking stocks like VPB, VCB, and TCB.
- VN-Index support levels and any rebound in market breadth.
- Upcoming macroeconomic data or policy announcements that could shift sentiment.
- Earnings reports from key banks and large-caps in the next reporting season.