Foreign Investors and Proprietary Desks Net Sell FPT Heavily on June 9

Overview

On June 9, 2026, foreign investors and proprietary trading desks at securities companies both net sold FPT (HOSE: FPT) heavily, making it the most sold stock by both groups. Total foreign net selling reached nearly 863 billion VND (~34.5 million USD), while proprietary desks net sold FPT an additional 28 billion VND. Despite the selling pressure, FPT shares rose 1.1% to 73,700 VND, supported by domestic institutional and retail buying.

Key Facts

• Foreign investors net sold 863 billion VND on June 9, up sharply from the prior session.
• FPT was the most net-sold stock by foreign investors, with net selling of 108 billion VND.
• TCB and MBB followed as the next most net-sold by foreign investors, at 98 billion VND and 83 billion VND, respectively.
• Proprietary trading desks net bought 261 billion VND overall on HOSE, but net sold FPT 28 billion VND.
• MWG was the most net-sold by proprietary desks at 36 billion VND, followed by FPT at 28 billion VND.
• FPT closed at 73,700 VND on June 9, up 1.1% from the previous session, with volume of 7.77 million shares.
• SSI and VNM were the top net-bought stocks by foreign investors, but only around 24 billion VND each.

What Happened

According to the June 9 market data report, foreign investors reduced their matched order activity on HOSE, with total purchases of 919 billion VND and total sales of 1,781 billion VND. The net selling value of 863 billion VND was significantly higher than the previous session. FPT led the sell-off with net selling of 108 billion VND, followed by TCB (98 billion VND) and MBB (83 billion VND). On the buying side, SSI and VNM were the top net-bought stocks but with modest values of around 24 billion VND each.

Meanwhile, proprietary trading desks at securities companies returned to net buying on HOSE with a total of 261 billion VND. Their buying was concentrated in MSN (47 billion VND), VPB (45 billion VND), and MBB (38 billion VND). On the selling side, MWG led with 36 billion VND, followed by FPT (28 billion VND) and TCB (21 billion VND). Thus, FPT was the only stock that appeared on the top net-sold list for both foreign investors and proprietary desks.

Market Context

FPT shares closed at 73,700 VND on June 9, up 1.1% with volume of 7.77 million shares, indicating strong domestic demand absorbing the foreign and proprietary selling. The VN-Index recovered slightly on the same day. FPT is listed on HOSE and is the largest technology stock by market capitalization in Vietnam. The selling by both foreign and proprietary desks may reflect profit-taking after FPT’s recent rally, though the stock remains in an uptrend.

Strategic Significance

The coordinated selling of FPT by both foreign investors and proprietary desks suggests a short-term tactical shift rather than a fundamental change in outlook. FPT’s business fundamentals remain strong, driven by its IT services and digital transformation segments. The ability of domestic buyers to absorb the selling and push the stock higher indicates resilient demand. However, persistent foreign selling could cap upside in the near term. Investors should monitor whether this selling trend continues or reverses.

What to Watch

• Foreign net selling activity on FPT in the next few sessions to see if the trend persists.
• FPT’s upcoming quarterly earnings report for any changes in guidance.
• Any announcements from FPT regarding large block trades or share issuances.
• Broader market sentiment and VN-Index direction, as foreign flows often correlate with index moves.
• Proprietary desk positioning in FPT and other tech stocks for signs of a shift.