Foreign Net Sell on HOSE April 22: FPT Leads at VND 209B, FUEVFVND Bought

Overview

On April 22, foreign investors recorded a net sell of VND 33 billion on the HOSE exchange, a relatively low level compared to recent sessions. FPT was the most sold stock, with net foreign selling of VND 209 billion. In contrast, foreign investors were net buyers of FUEVFVND (VND 282 billion), MWG (VND 199 billion), and VIC (VND 161 billion). The data reflects continued foreign rebalancing, with FPT remaining a key target for selling.

Key Facts

• Foreign investors net sold VND 33 billion on HOSE on April 22.
• FPT was the top net sell by foreign investors at VND 209 billion.
• Foreign net buying: FUEVFVND (VND 282 billion), MWG (VND 199 billion), VIC (VND 161 billion).
• Proprietary trading desks (tự doanh) net sold nearly VND 1.2 trillion on the same day.
• Top proprietary sell stocks included FUEVFVND, VSC, MWG, and STB, each with net sell over VND 100 billion.
• Proprietary net buying was modest, with E1VFVN30 leading at VND 32 billion, followed by GEX and MBB.
• FPT closed at VND 75 on April 15, down 1.31% with volume of 9.5 million shares.

What Happened

According to the article, foreign investors were net sellers of VND 33 billion on the HOSE exchange on April 22, a relatively low amount compared to prior sessions. The largest net sell was in FPT, with VND 209 billion in net foreign outflows. Meanwhile, foreign investors net bought FUEVFVND (VND 282 billion), MWG (VND 199 billion), and VIC (VND 161 billion).

Proprietary trading desks at securities companies were also net sellers, offloading nearly VND 1.2 trillion. Their top sell targets included FUEVFVND, VSC, MWG, and STB, each with net sell exceeding VND 100 billion. On the buy side, proprietary desks net bought E1VFVN30 (VND 32 billion), GEX, and MBB.

Market Context

FPT (HOSE) has been a consistent target of foreign selling in recent weeks. The stock closed at VND 75 on April 15, down 1.31%, with volume of 9.5 million shares. The broader VN-Index was supported by Vingroup stocks on April 22, but foreign flows remained subdued. The low net sell value suggests foreign investors are not aggressively exiting, but FPT continues to see persistent outflows.

Strategic Significance

FPT’s sustained foreign selling may reflect profit-taking or portfolio rebalancing by foreign funds, given the stock’s strong performance in prior months. The company is a leading IT services provider in Vietnam, but foreign ownership is near the room limit, which could be driving the selling. The net buying of FUEVFVND (a closed-end fund) and VIC suggests foreign investors are rotating into other sectors, particularly real estate and consumer discretionary.

What to Watch

• Foreign net flow data for FPT in the coming sessions to see if selling persists.
• FPT’s Q1 2026 earnings release for any fundamental catalysts.
• Changes in foreign ownership limits for FPT and other tech stocks.
• VIC’s price action and foreign buying momentum, given the large net buy on April 22.
• Proprietary trading activity, as large net sell by desks may indicate institutional sentiment.