Foreign & Proprietary Net Selling on May 28: HDB Top Sold, ACB Top Bought
This Aveluro analysis covers HDB (Phát Triển Thành phố Hồ Chí Minh) in the Banking sector. The classified event type is foreign flow, with negative sentiment and a deterministic market-impact score of 3.5/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from Vietstock - Cổ phiếu, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
On May 28, foreign investors and proprietary traders both net sold Vietnamese equities. Foreign net selling reached nearly VND 600 billion, with HDB being the most sold stock (VND 120 billion). ACB was the most bought by foreign investors (VND 110 billion). Proprietary traders net sold VND 36 billion, led by GEE (VND 117 billion sold). The data reflects ongoing foreign outflow pressure, though the magnitude has narrowed in recent sessions.
Key Facts
- Foreign net selling on May 28: nearly VND 600 billion.
- HDB was the most sold by foreign investors: nearly VND 120 billion.
- ACB was the most bought by foreign investors: nearly VND 110 billion.
- Proprietary traders net sold VND 36 billion on May 28.
- GEE was the most sold by proprietary traders: VND 117 billion.
- VIB was the second most sold by proprietary traders: VND 69 billion.
- VHM was the most bought by proprietary traders: VND 44 billion.
What Happened
According to the May 28 market flow report, foreign investors continued their net selling streak, though the value has been narrowing in recent sessions. The total foreign net sell value was nearly VND 600 billion. The most sold stock was HDB, with net selling of nearly VND 120 billion. On the buying side, ACB saw the highest net buying at nearly VND 110 billion.
Proprietary traders also net sold VND 36 billion on the same day. The most sold stock by proprietary traders was GEE, with net selling of VND 117 billion, far exceeding the next most sold stocks: VIB (VND 69 billion) and ACB (VND 54 billion). Conversely, VHM was the most bought by proprietary traders at VND 44 billion. Several banking stocks such as VCB, STB, SHB, HDB, and VPB appeared on the list of stocks with strong net buying by foreign investors.
Market Context
HDB closed at VND 25,850 on May 28, down 3.18% on volume of 15.6 million shares. ACB closed at VND 24,650, down 2.18% on volume of 21.7 million shares. GEE fell 3.75% to VND 107,800, and VIB dropped 2.40% to VND 16,300. The broad market saw selling pressure, with foreign and proprietary flows both negative. HDB is listed on HOSE, as are ACB, GEE, VIB, VHM, VCB, STB, SHB, and VPB.
Strategic Significance
The persistent foreign net selling, though narrowing, signals continued caution among international investors toward Vietnamese equities, particularly in the banking sector. HDB’s position as the most sold stock suggests specific concerns about the bank’s outlook or valuation. Meanwhile, ACB’s strong foreign buying indicates relative preference. Proprietary traders’ heavy selling of GEE and VIB may reflect profit-taking or sector rotation. The divergence between foreign and proprietary flows on certain stocks (e.g., ACB bought by foreign but sold by proprietary) highlights differing short-term views.
What to Watch
- Whether foreign net selling continues to narrow in the coming sessions.
- HDB’s upcoming earnings or corporate announcements that may explain the selling pressure.
- ACB’s ability to sustain foreign buying momentum.
- GEE’s price action following the heavy proprietary selling.
- Overall foreign ownership trends in the banking sector.