Foreign Net Sell Nearly VND 890B on May 8; FPT Leads with VND 445B Sold

Overview

On May 8, foreign investors net sold nearly VND 890 billion on the Vietnamese stock market, with FPT (HOSE) being the most heavily sold stock at over VND 445 billion. Other notable net sells included VHM (VND 267 billion), while MSN, VIX, and VIC saw net buying. Proprietary trading desks also turned net sellers after two sessions of buying, though only VND 20 billion.

Key Facts

• Foreign investors net sold nearly VND 890 billion on May 8.
• FPT was the top net sell, with over VND 445 billion sold.
• VHM was the second most sold, with net selling of VND 267 billion.
• MSN, VIX, and VIC were the top net buys, with values ranging from VND 130-160 billion.
• Proprietary trading desks net sold VND 20 billion after two sessions of net buying.
• MSN was the most sold by proprietary desks, at nearly VND 48 billion.
• VNM was the top buy by proprietary desks, with nearly VND 30 billion.

What Happened

According to market data, foreign investors continued their strong net selling trend on May 8, with total net sell value reaching nearly VND 890 billion. FPT (FPT Corporation) was the focal point, recording net selling of over VND 445 billion, the highest among all listed stocks. VHM (Vinhomes) followed with net selling of VND 267 billion.

On the buying side, MSN (Masan Group), VIX (Vix Securities), and VIC (Vingroup) were the standout stocks, each attracting net buying between VND 130-160 billion. Meanwhile, proprietary trading desks at securities companies reversed to net selling after two prior sessions of net buying, though the value was modest at VND 20 billion. MSN was the most sold by proprietary desks (nearly VND 48 billion), while VNM (Vinamilk) was the most bought (nearly VND 30 billion).

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 recently. VHM closed at VND 138, up 6.83%, despite being the second most sold by foreigners. MSN closed at VND 77, down 0.64%, and VIX at VND 18, up 0.28%. The overall market saw foreign net selling of nearly VND 890 billion, continuing a trend of foreign outflows that has weighed on sentiment.

Strategic Significance

The persistent foreign selling in FPT, a leading technology stock, may reflect profit-taking or portfolio rebalancing by foreign funds, given FPT’s strong performance in previous periods. The net buying in MSN, VIX, and VIC suggests selective interest in consumer, securities, and real estate sectors. The modest proprietary selling indicates domestic institutions are not aggressively adding risk. The divergence between foreign and proprietary flows highlights cautious sentiment among foreign investors.

What to Watch

• Continuation of foreign net selling in FPT and VHM in upcoming sessions.
• Any change in foreign buying momentum for MSN, VIX, and VIC.
• Proprietary trading activity, especially if net selling expands.
• Market-wide foreign flow data for the remainder of the week.
• FPT’s upcoming earnings or corporate announcements that could shift sentiment.