Foreign Net Selling Eases on May 27; Proprietary Desks Net Buy VND 457B

Overview

Foreign investors net sold VND 770 billion on May 27, marking the fifth consecutive session of net selling, though the value has been decreasing. Proprietary trading desks net bought VND 457 billion, with MSN leading purchases and GEE leading sales. The trend suggests a potential stabilization in foreign outflows.

Key Facts

• Foreign investors net sold VND 770 billion on May 27, the fifth consecutive net selling session.
• Proprietary trading desks net bought VND 457 billion, the second consecutive net buying session.
• MSN was the top proprietary net buy, with nearly VND 195 billion.
• TCB and CTG followed as proprietary net buys, with about VND 133 billion combined.
• GEE was the top proprietary net sell, with VND 424 billion, far ahead of VIB at VND 156 billion.
• Foreign net selling was heaviest in VHM (VND 220 billion), HPG (over VND 140 billion), and VIC (VND 102 billion).
• MSB was the top foreign net buy, with VND 104 billion; MWG was net bought nearly VND 57 billion.

What Happened

On May 27, foreign investors continued their net selling streak for the fifth consecutive session, but the value has been declining, indicating a possible easing of selling pressure. The total net sell value was VND 770 billion, lower than recent sessions. Proprietary trading desks, however, were net buyers for the second straight session, with total net purchases of VND 457 billion.

Among proprietary trades, MSN saw the largest net buying at nearly VND 195 billion, followed by banking stocks TCB and CTG with combined net buying of about VND 133 billion. On the sell side, GEE was the most heavily sold by proprietary desks, with net selling of VND 424 billion, significantly higher than the second-ranked VIB at VND 156 billion.

Foreign investors concentrated their selling on real estate and steel stocks. VHM was the most sold, with net selling of VND 220 billion, followed by HPG (over VND 140 billion) and VIC (VND 102 billion). On the buying side, MSB was the top foreign net buy at VND 104 billion, while MWG was net bought nearly VND 57 billion on the day its subsidiary, Dien May Xanh, held an IPO roadshow for its DMX shares.

Market Context

On May 27, the affected tickers showed mixed price action. CTG closed at VND 35,350 (+0.28%), GEE at VND 112,000 (+3.90%), MSN at VND 76,500 (-0.65%), and TCB at VND 33,650 (+2.28%). The broader market has been under foreign selling pressure for five sessions, but the declining net sell value suggests that the selling wave may be losing momentum. Proprietary desks’ net buying, especially in MSN and banks, indicates domestic institutional support.

Strategic Significance

The easing of foreign net selling, combined with sustained proprietary buying, suggests that the market may be finding a floor after recent outflows. The concentration of foreign selling in VHM, HPG, and VIC highlights ongoing concerns in real estate and steel sectors, while foreign buying in MSB and MWG points to selective interest in banking and retail. Proprietary desks’ preference for MSN and banks signals confidence in consumer and financial sectors. The trend of declining foreign selling could reduce downward pressure on the VN-Index, but continued monitoring is needed.

What to Watch

• Foreign net selling values in the coming sessions to confirm if the downtrend continues.
• Proprietary trading activity, especially in MSN and GEE, for signs of sustained institutional interest.
• Price action of VHM, HPG, and VIC, as they are the most sold by foreigners.
• Any regulatory or macro announcements that could shift foreign investor sentiment.
• The IPO progress of Dien May Xanh (DMX) and its impact on MWG.