Proprietary Trading Desks Net Sell 379B VND on May 13; GEX, VNM, PVT Top Sold
This Aveluro analysis covers GEX (Được thành lập từ năm 1990, Công ty Cổ phần Tập đoàn Gelex) in the Điện tử & Thiết bị điện sector. The classified event type is foreign flow, with negative sentiment and a deterministic market-impact score of 4.2/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
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Overview
On May 13, proprietary trading desks of securities firms net sold 379 billion VND on HOSE, with GEX, VNM, and PVT being the most sold stocks. Foreign investors also net sold 1,475 billion VND, adding to the selling pressure. The VN-Index closed slightly lower at 1,898.37 points, down 0.14%.
Key Facts
- Proprietary trading desks net sold 379 billion VND on HOSE on May 13.
- GEX was the most sold stock, with net selling of 168 billion VND.
- VNM saw net selling of 89 billion VND, followed by PVT at 56 billion VND.
- Other notable net sold stocks include TCB (-55 billion), KDH (-52 billion), STB (-43 billion), HCM (-30 billion), MWG (-28 billion), VIC (-20 billion), and MSN (-14 billion).
- On the buying side, FUEMAV30 ETF was the most bought, with net buying of 111 billion VND.
- Foreign investors net sold 1,475 billion VND on the same day.
- VN-Index closed at 1,898.37 points, down 2.73 points (-0.14%).
What Happened
According to data from the HOSE, proprietary trading desks of securities companies net sold 379 billion VND on May 13. The selling was concentrated in GEX (168 billion VND), VNM (89 billion VND), and PVT (56 billion VND). Other stocks with significant net selling included TCB, KDH, STB, HCM, MWG, VIC, and MSN. In contrast, the desks net bought ETFs such as FUEMAV30 (111 billion VND) and FUEVFVND (26 billion VND), as well as individual stocks like HPG (24 billion VND) and FPT (20 billion VND).
Foreign investors also net sold 1,475 billion VND on the same day, contributing to the market’s decline. The VN-Index initially rose but reversed to close slightly lower, pressured by selling in Vingroup-related stocks.
Market Context
GEX closed at 34,800 VND (+0.87%) on May 13, with high volume of 21.8 million shares. PVT rose 4.42% to 23,600 VND, while TCB fell 0.59% to 33,600 VND and VNM dropped 1.33% to 59,300 VND. The VN-Index is trading near its all-time high, and the net selling by both proprietary desks and foreign investors suggests caution among institutional players. The selling in GEX, a stock in the Industrial Goods & Services sector, may reflect profit-taking after recent gains.
Strategic Significance
The coordinated selling by proprietary desks and foreign investors indicates a shift in sentiment among sophisticated market participants. The focus on selling GEX, VNM, and PVT suggests that these stocks may be considered overvalued or facing near-term headwinds. The buying of ETFs and select stocks like HPG and FPT points to a preference for diversified exposure or defensive names. For long-term investors, the selling pressure could create entry opportunities if fundamentals remain intact.
What to Watch
- Continued net selling by proprietary desks and foreign investors in the coming sessions.
- Price action and volume in GEX, VNM, and PVT for signs of stabilization or further decline.
- Any corporate announcements or earnings updates from the affected companies.
- VN-Index’s ability to hold above the 1,900 level.
- Changes in margin lending or regulatory measures that could impact proprietary trading activity.