Foreign Net Selling Hits VND 1.1 Trillion on April 16; FPT and VHM Lead Outflows

Overview

Foreign investors were net sellers of over VND 1.1 trillion (~$44 million) on the April 16 trading session, with the heaviest selling concentrated in FPT and VHM. In contrast, VIC and SSI recorded strong net buying, partially offsetting the overall outflow. The data reflects continued foreign repositioning in Vietnamese blue chips.

Key Facts

• Foreign net selling totaled over VND 1.1 trillion (~$44 million) on April 16.
• FPT saw net selling of VND 524 billion, the highest among all stocks.
• VHM recorded net selling of VND 463 billion.
• VIC was the top net buy, with net buying of nearly VND 465 billion.
• SSI ranked second in net buying, with over VND 235 billion.
• The data is based on exchange filings for the April 16 session.

What Happened

According to exchange data for the April 16 session, foreign investors executed a net sell order of more than VND 1.1 trillion. The selling pressure was most pronounced in FPT and VHM, which together accounted for nearly VND 1 trillion in net outflows. On the buying side, VIC attracted the largest net inflow of nearly VND 465 billion, followed by SSI with over VND 235 billion. The divergence highlights a rotation within foreign portfolios.

Market Context

On April 15, FPT closed at VND 75, down 1.31%, while VHM surged 6.83% to VND 138. VIC rose 6.95% to VND 177, and SSI edged up 0.17% to VND 29. The foreign flow data for April 16 suggests that profit-taking in recent winners like VHM may have driven the selling, while VIC and SSI attracted buying interest. All four stocks are listed on HOSE.

Strategic Significance

The foreign net selling in FPT and VHM, despite their strong fundamentals, indicates that foreign investors are rebalancing after recent price gains. VHM’s 6.83% jump on April 15 likely triggered profit-taking. Meanwhile, the buying in VIC and SSI suggests a shift toward conglomerate and securities sector names, possibly in anticipation of policy catalysts or earnings momentum. The overall net outflow of over VND 1.1 trillion underscores persistent foreign caution toward Vietnamese equities.

What to Watch

• Continued foreign flow data for the remainder of the week to see if the selling trend persists.
• FPT’s upcoming quarterly earnings report and any guidance updates.
• VHM’s price action after the large foreign sell-off.
• VIC’s ability to sustain foreign buying momentum.
• SSI’s trading volume and foreign ownership changes.