Foreign Net Sell VND 693B on HOSE May 19; MBB, SSI, ACB, VPB Hit

Overview

On May 19, foreign investors net sold VND 693 billion on HOSE, marking the third consecutive session of net selling. The selling pressure was concentrated on MBB, SSI, ACB, and VPB, while VCB and VIC were net bought. The VN-Index declined 15 points to close at 1,913 points, and proprietary trading desks also net sold for the eighth straight session.

Key Facts

• Foreign investors net sold VND 693 billion on HOSE on May 19, the third consecutive net-selling session.
• MBB was the most sold stock, with net selling of VND 232 billion.
• SSI, ACB, and VPB followed with net selling of VND 172 billion, VND 151 billion, and VND 114 billion, respectively.
• VCB was the top net bought stock, with net buying of VND 594 billion.
• VIC was net bought VND 155 billion.
• Proprietary trading desks net sold VND 178 billion, extending their net-selling streak to eight sessions.
• MBB was also the most sold by proprietary desks, with net selling of VND 95 billion.
• VIC and VHM were the top net bought by proprietary desks, with VND 123 billion and VND 71 billion, respectively.

What Happened

According to data from the HOSE trading session on May 19, foreign investors continued their net-selling trend, offloading VND 693 billion in matched orders. The selling was broad-based, with four stocks each seeing net selling of over VND 100 billion: MBB (VND 232 billion), SSI (VND 172 billion), ACB (VND 151 billion), and VPB (VND 114 billion). On the buying side, VCB attracted the most foreign capital, with net buying of VND 594 billion, followed by VIC with VND 155 billion.

Proprietary trading desks also remained net sellers, with a total net sell of VND 178 billion, marking the eighth consecutive session of net selling. MBB was the most sold by proprietary desks (VND 95 billion), while VIC and VHM were the top net bought stocks, with VND 123 billion and VND 71 billion, respectively.

Market Context

MBB closed at VND 25,050 on May 19, down 1.76% on volume of 30.3 million shares. The stock has been under pressure from persistent foreign selling. VCB, in contrast, rose 1.90% to VND 64,400, supported by strong foreign buying. VIC closed flat at VND 225,100. The VN-Index fell 15 points to 1,913, reflecting broad market weakness. MBB is listed on HOSE and is one of Vietnam’s largest banks by assets.

Strategic Significance

The persistent foreign net selling, especially in banking stocks like MBB, ACB, and VPB, suggests a shift in foreign investor sentiment toward Vietnamese financials. Meanwhile, the strong buying in VCB and VIC indicates selective interest in blue-chip names with high liquidity and perceived safety. The eight-day selling streak by proprietary desks also points to cautious positioning by domestic institutions. For MBB, the sustained foreign outflow may weigh on near-term price performance, but the bank’s fundamentals remain intact.

What to Watch

• Whether foreign net selling continues in the coming sessions, particularly in MBB, SSI, ACB, and VPB.
• Any change in proprietary trading desk activity, as an end to the selling streak could signal a shift in sentiment.
• VCB’s ability to maintain foreign buying momentum, which could support its price relative to peers.
• The VN-Index’s reaction to the selling pressure, especially if it breaks below the 1,900 level.
• Upcoming macroeconomic data or policy changes that could affect foreign investor confidence.