Foreign investors return to net buying on Aug 24; HPG, VIC, VPB top picks
This Aveluro analysis covers HPG on HOSE in the Basic Resources sector. The classified event type is foreign flow, with positive sentiment and a deterministic market-impact score of 4.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. 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.
Overview
On August 24, foreign investors on HOSE returned to net buying with approximately VND 187 billion, while proprietary trading desks reversed to net selling of nearly VND 198 billion. The VN-Index rose nearly 21 points to close around 1,789 points. Top foreign net buys were HPG, VIC, and VPB, while VCB saw the largest foreign net selling.
Key Facts
- Foreign net buying on HOSE: VND 187 billion (buy value VND 1,880 billion, sell value VND 1,693 billion).
- Proprietary trading net selling: VND 198 billion (buy VND 678 billion, sell VND 876 billion).
- Top foreign net buys: HPG (VND 106 billion), VIC (VND 82 billion), VPB (VND 67 billion).
- Top foreign net sell: VCB (VND 47 billion).
- Top proprietary net sell: VCK (VND 158 billion).
- Top proprietary net buys: GMD (VND 87 billion), TNT (VND 38 billion).
- VN-Index closed near 1,789 points, up nearly 21 points.
What Happened
On August 24, foreign investors resumed net buying on the HOSE, with total net purchases of about VND 187 billion. The buying was concentrated in HPG (VND 106 billion), VIC (VND 82 billion), and VPB (VND 67 billion), while VCB saw net selling of VND 47 billion. This positive foreign flow coincides with FTSE Russell’s official upgrade process and the announcement of Vietnamese stocks included in its index baskets.
In contrast, proprietary trading desks reversed course, selling a net VND 198 billion. The largest net sell was VCK at VND 158 billion, far exceeding other names. On the buy side, GMD and TNT led with net purchases of VND 87 billion and VND 38 billion, respectively. The data is based on HOSE trading statistics for the session.
Market Context
HPG (HOSE) closed at VND 22,250 on August 24, while VCB (HOSE) ended at VND 59,200, VIC (HOSE) at VND 214,500, and VPB (HOSE) at VND 26,350. The VN-Index’s gain of nearly 21 points reflects broad market strength, yet the divergence between foreign and proprietary flows suggests differing short-term outlooks. Foreign buying aligns with the ongoing FTSE Russell upgrade narrative, which has been a key driver for large-cap stocks like HPG and VIC. Meanwhile, proprietary desks may be taking profits after recent rallies, particularly in smaller names like VCK.
Strategic Significance
For long-term investors, the return of foreign net buying, especially in HPG, VIC, and VPB, underscores the continued appeal of Vietnam’s large-cap stocks amid the index upgrade process. HPG, as a leading steel producer, benefits from infrastructure spending and regional demand, while VIC and VPB represent real estate and banking sectors with strong growth potential. The proprietary selling, however, highlights short-term profit-taking, which could create volatility. The FTSE Russell upgrade is a structural catalyst that could sustain foreign inflows, but investors should monitor whether domestic institutions’ selling pressure persists.
What to Watch
- Continuation of foreign net buying in subsequent sessions, particularly in HPG, VIC, and VPB.
- Proprietary trading flows: whether the net selling trend extends or reverses.
- VCB’s foreign selling: monitor if it accelerates or stabilizes.
- FTSE Russell upgrade timeline and any related index inclusion announcements.
- VN-Index’s ability to hold above 1,780 points and test new highs.