LPB Draws VND 273B in Proprietary Buying as Foreign Investors Net Sell VND 280B

Overview

On the first trading day of the week, proprietary trading desks at Vietnamese securities firms net bought VND 273 billion of LPBank (LPB) on HOSE, the largest single-ticker proprietary inflow of the session, with Vietnam Prosperity Joint Stock Commercial Bank (VPB) second at VND 91 billion. The buying ran counter to the market-wide trend, as proprietary desks net sold VND 41 billion on HoSE and foreign investors net sold VND 280 billion across the market. The VN-Index closed up 15.49 points (+0.89%) at 1,753.20.

Key Facts

• LPB recorded the session’s largest proprietary net buy at VND 273 billion on HOSE.
• VPB followed with VND 91 billion in proprietary net buying.
• Proprietary desks net sold VND 41 billion on HoSE for the session.
• Foreign investors net sold VND 280 billion market-wide, equivalent to roughly USD 11.2 million.
• GMD saw the heaviest proprietary net selling at VND 181 billion, followed by EIB at VND 141 billion.
• Other proprietary net sells included MWG (-VND 23 billion), MBB and VCB (both -VND 14 billion), and HDB and MSN (both -VND 12 billion).
• VN-Index closed at 1,753.20, up 15.49 points or 0.89%, on what the report described as low liquidity.

What Happened

The session opened higher on 5 October and held gains through the close, with the VN-Index finishing at 1,753.20. The article attributes the positive tone to market reaction to macroeconomic information, though it notes liquidity remained thin. Against that backdrop, foreign investors extended a selling streak, offloading a net VND 280 billion across the market.

Proprietary desks moved in the opposite direction on the banking names. LPB drew VND 273 billion in net buying, with VPB at VND 91 billion, HPG at VND 29 billion, TCB at VND 9 billion, and KDH and TCX at VND 8 billion each. Smaller net buys included STB (VND 6 billion), VGC (VND 2 billion), and CTG and SAB (VND 1 billion each). On the sell side, GMD led at VND 181 billion and EIB at VND 141 billion, with MWG, MBB, VCB, HDB, MSN, BID, VIC and FPT also seeing net outflows. The figures are drawn from the article’s session summary of proprietary and foreign flow data.

Market Context

LPB closed at 43,000 on 5 October on HOSE, while VPB closed at 23,000. Both are banking-sector names, and the proprietary bid arrived on a day when the sector’s index-level move was positive but foreign flow remained negative. GMD, the session’s largest proprietary sale at VND 181 billion, closed at 77,800, and EIB, the second-largest at VND 141 billion, closed at 16,400. The divergence between proprietary buying in select banks and foreign selling market-wide is the defining feature of the session.

Strategic Significance

Proprietary desks at securities firms are trading houses with short horizons, so a single session of VND 273 billion into LPB is a flow signal rather than a fundamental endorsement. The more durable question is whether the buying reflects positioning ahead of a specific catalyst or simply rotation out of names such as GMD and EIB. For long-term holders of LPB, the relevant read is that domestic institutional demand absorbed part of the foreign selling pressure in the banking complex, which matters for liquidity and for the foreign-room dynamics that constrain large-cap bank valuations. The article does not identify the drivers behind the LPB buying.

What to Watch

• Whether LPB proprietary net buying persists across subsequent sessions or reverses.
• Foreign flow data for the banking sector over the coming week, given the VND 280 billion market-wide net sell.
• Any LPB or VPB corporate disclosure, shareholder filing, or foreign-ownership update that could explain the proprietary positioning.
• Follow-through in GMD and EIB after the VND 181 billion and VND 141 billion proprietary exits.
• VN-Index liquidity trends, since the article flags low turnover as a feature of the session.