FPT Leads Proprietary Net Buying on HOSE as Foreigners Sell VND 552B

Overview

On April 28, proprietary traders on the HOSE reversed to net buying with VND 131 billion, led by FPT (VND 136 billion). In contrast, foreign investors continued net selling of VND 552 billion, with FPT being the most sold stock at nearly VND 286 billion. The divergence highlights contrasting views between domestic and foreign institutional flows.

Key Facts

• Proprietary traders net bought VND 131 billion on HOSE on April 28.
• FPT was the top proprietary net buy at VND 136 billion, followed by KBC (VND 23 billion) and STB (VND 21 billion).
• Foreign investors net sold VND 552 billion, narrowing from recent sessions.
• FPT was the most sold by foreign investors at VND 286 billion.
• VHM was the second most sold by foreign investors at VND 169 billion, followed by SHB at VND 81 billion.
• VRE led foreign net buying at VND 157 billion, followed by NVL (VND 119 billion) and VIC (VND 88 billion).
• Top proprietary net sells were PLX (VND 32 billion), TCB (VND 27 billion), and MWG (VND 17 billion).

What Happened

On April 28, proprietary trading desks on the HOSE returned to net buying after recent selling, with total net purchases of VND 131 billion. FPT dominated the buying list with over VND 136 billion, far exceeding other stocks such as KBC (VND 23 billion) and STB (VND 21 billion). On the selling side, PLX led with nearly VND 32 billion, followed by TCB (VND 27 billion) and MWG (VND 17 billion).

Meanwhile, foreign investors maintained their net selling stance but reduced the pace, with total net sales of VND 552 billion. FPT was the most sold stock, with net foreign selling of nearly VND 286 billion. Other heavily sold stocks included VHM (VND 169 billion) and SHB (VND 81 billion). On the buying side, VRE led with VND 157 billion, followed by NVL (VND 119 billion) and VIC (VND 88 billion). The data is based on HOSE trading statistics for the session.

Market Context

FPT closed at VND 75 on April 15, down 1.31% with volume of 9.5 million shares. The stock has been under foreign selling pressure in recent sessions, while proprietary desks have shown renewed interest. Other affected tickers include KBC (close VND 34, +0.15%), HPG (close VND 28, -1.75%), and STB (close VND 64, -2.57%). The broader market has seen persistent foreign outflows, but the narrowing of net selling on April 28 may signal a stabilization. FPT trades on HOSE in the Technology sector.

Strategic Significance

The divergent flows in FPT highlight a tactical divergence between domestic proprietary desks and foreign investors. Proprietary buying may reflect confidence in FPT’s near-term prospects, while foreign selling could be driven by global portfolio rebalancing or profit-taking. For long-term investors, the key question is whether foreign selling will persist or reverse. FPT’s strong fundamentals in IT services and digital transformation may attract value-oriented buyers at lower levels.

What to Watch

• Foreign net selling trend in FPT over the next 5-10 sessions.
• Proprietary trading activity in FPT and other tech stocks.
• Any corporate announcements from FPT regarding dividends, buybacks, or business updates.
• Broader foreign flow data for the HOSE, especially if net selling continues to narrow.
• Price action of FPT relative to its 50-day and 200-day moving averages.