Foreign Net Selling Hits 750B VND on Friday: CTG, VHM, VPB Top Sold
This Aveluro analysis covers CTG (Công thương Việt Nam (VietinBank) được thành lập từ năm 1988 sau khi tách ra từ Ngân hàng Nhà nước Việt Nam) 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
Foreign investors continued their net selling streak on the last trading day of the week, offloading approximately 750 billion VND (USD 30 million) across the Vietnamese stock market. The selling was concentrated on HOSE, where CTG, VHM, and VPB were the most sold, while MSB, GAS, and NVL attracted net buying. The activity weighed on market sentiment as VN-Index closed marginally lower.
Key Facts
- Foreign net selling totaled approximately 750 billion VND (USD 30 million) across all exchanges on the last trading day of the week.
- On HOSE, foreign investors net sold 704 billion VND, with CTG leading at 93 billion VND sold.
- VHM and VPB followed on HOSE with net sales of 81 billion VND and an undisclosed amount (likely around 70 billion VND based on context).
- MSB was the top net buy on HOSE at 93 billion VND, followed by GAS (49 billion VND) and NVL (31 billion VND).
- On HNX, foreign net selling was 50 billion VND, with SHS the most sold at 33 billion VND, followed by IDC (15 billion VND).
- On UPCOM, foreign investors were net buyers of 2 billion VND, with QNS being the most sold at 1.3 billion VND.
- VN-Index closed at 1,863 points, down 0.18 points, with matching volume on HoSE below 15,000 billion VND.
What Happened
According to the article, foreign investors maintained a net selling stance on the final trading session of the week, offloading about 750 billion VND worth of stocks across the market. On HOSE, the sell-off was led by CTG (VietinBank) with 93 billion VND, followed by VHM (Vinhomes) at 81 billion VND and VPB (VPBank) at an undisclosed amount. On the buying side, MSB (MB Bank) was the top pick with 93 billion VND, along with GAS (Petrovietnam Gas) and NVL (Novaland).
On HNX, net selling reached 50 billion VND, with SHS (SHS Securities) being the most sold at 33 billion VND, followed by IDC (IDICO) at 15 billion VND. PVS, VGS, and LAS also saw minor selling. On UPCOM, foreign investors were net buyers of 2 billion VND, with QNS (Quang Ngai Sugar) being the only notable sell at 1.3 billion VND.
Market Context
The selling came amid a cautious market environment, with VN-Index closing nearly flat at 1,863 points and trading volume on HoSE remaining low at under 15,000 billion VND. Among the most sold tickers, CTG closed at 34,800 VND (-0.14%), VHM at 156,000 VND (-1.08%), and VPB at 27,100 VND (-0.73%). The foreign net selling added to the subdued sentiment, though the magnitude was moderate relative to recent sessions.
Strategic Significance
The persistent foreign selling, particularly in banking and real estate blue chips like CTG, VHM, and VPB, reflects ongoing caution among international investors toward Vietnamese equities. The buying interest in MSB, GAS, and NVL suggests selective allocation based on fundamentals or valuation. For long-term investors, the divergence in foreign flows may signal relative value opportunities, but the overall trend warrants monitoring for sustained capital outflow.
What to Watch
- Weekly foreign flow data to see if the selling accelerates or reverses.
- Q2 2026 earnings reports for CTG, VHM, and VPB to assess fundamental impact.
- Any regulatory changes or macroeconomic data that could shift foreign investor sentiment.
- Trading volume trends on HOSE to gauge market participation.
- Updates on foreign room availability for MSB, GAS, and NVL.