DMX Leads Foreign Net Buying with VND 682B as Foreigners Sell VND 76B

Overview

On the last trading day of the week (August 7), foreign investors net sold approximately VND 76 billion across Vietnamese exchanges, according to data from the HoSE, HNX, and UPCoM. The standout was DMX (Đầu tư Điện máy Xanh), which saw net buying of about VND 682 billion, primarily through block trades, making it the top foreign net buy. In contrast, VHM (Vinhomes) was the top net sell with roughly VND 285 billion.

Key Facts

• Foreign investors net sold VND 76 billion across the whole market on August 7.
• On HoSE, foreign net selling was VND 59 billion; on HNX, net selling was over VND 20 billion; on UPCoM, net buying was about VND 4 billion.
• DMX was the top net buy with ~VND 682 billion, mostly via block deals (thỏa thuận).
• Other top net buys on HoSE: VNM (+VND 161 billion), CTG (+VND 149 billion), BID (+VND 42 billion), FUEVFVND (+VND 38 billion).
• VHM was the top net sell with ~VND 285 billion, followed by TCB (-VND 219 billion), VPB (-VND 205 billion), VIC (-VND 153 billion), and FPT (-VND 54 billion).
• On HNX, PVS led net selling with VND 9.8 billion; on UPCoM, QNS led net selling with VND 6.5 billion.
• VN-Index rose 3 points to 1,768 points; HoSE matched order value was ~VND 14,480 billion.

What Happened

On August 7, the Vietnamese stock market closed slightly higher, with the VN-Index gaining 3 points to reach 1,768 points. Trading liquidity remained low, with HoSE matching order value at about VND 14,480 billion. Despite the positive index move, foreign investors continued their net selling trend, offloading about VND 76 billion across all three exchanges.

On HoSE, foreign net selling was VND 59 billion. The buying side was led by DMX, which attracted net purchases of approximately VND 682 billion, mostly through block deals. Other notable net buys included VNM (VND 161 billion), CTG (VND 149 billion), BID (VND 42 billion), and FUEVFVND (VND 38 billion). On the selling side, VHM was the most heavily sold, with net selling of about VND 285 billion, followed by TCB (VND 219 billion), VPB (VND 205 billion), VIC (VND 153 billion), and FPT (VND 54 billion).

On HNX, foreign investors net sold over VND 20 billion, with PVS leading the sell-off at VND 9.8 billion. On UPCoM, they net bought about VND 4 billion, with MSR leading at VND 6 billion, while QNS was the top net sell at VND 6.5 billion. The data reflects daily foreign flow activity as reported by exchange data.

Market Context

DMX, listed on UPCOM, closed at VND 84,000 on August 7, and the large net buying—equivalent to about 8.1 million shares at that price—suggests significant institutional interest, likely via block deals. In contrast, VHM, a large-cap on HOSE, saw net selling of VND 285 billion, consistent with ongoing foreign profit-taking in real estate names. The overall foreign net selling of VND 76 billion is modest relative to recent sessions, but the concentration in DMX is unusual for a UPCOM stock. The VN-Index’s slight gain amid low liquidity indicates cautious sentiment, with foreign flows remaining a key driver for specific tickers.

Strategic Significance

For long-term investors, the foreign net buying in DMX—a retail electronics chain—signals potential strategic accumulation, possibly ahead of corporate developments or due to its attractive valuation. The block-trade nature suggests institutional positioning rather than retail-driven flows. Conversely, the persistent selling in VHM and other large caps like TCB and VPB may reflect foreign investors rebalancing portfolios or taking profits after recent gains. The divergence between DMX and VHM highlights selective foreign interest, which could persist if liquidity remains thin. Investors should monitor whether DMX’s foreign ownership approaches the 49% limit, as this could trigger further interest or restrictions.

What to Watch

• DMX’s trading volume and price action in the coming sessions to see if the block-deal buying translates into sustained demand.
• Any corporate announcements from DMX (e.g., earnings, dividends, or strategic partnerships) that might explain the large net buying.
• Foreign ownership levels in DMX, as UPCOM stocks have a 49% cap; if approached, it could affect liquidity.
• VHM’s price movement and any news related to Vingroup’s real estate projects, as continued foreign selling could pressure the stock.
• Overall foreign flow trends on HoSE, especially whether net selling accelerates or reverses in the next few sessions.