Foreign Net Selling Exceeds VND 510 Billion on June 11: NVL, VHM, VIC Lead
This Aveluro analysis covers NVL (Novaland) on HOSE in the Real Estate 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 CafeF - Thị trường chứng khoán, 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
Foreign investors net sold over VND 510 billion on June 11, continuing a recent trend of outflows. The selling was concentrated in real estate and banking stocks, with NVL, VHM, VIC, TCB, VPB, HDB, and EIB among the most sold. VNM was the top net bought stock, while KBC and GVR also saw modest inflows. The selling pressure contributed to the VN-Index closing down 5 points at 1,799.
Key Facts
- Foreign investors net sold over VND 510 billion on June 11 across HoSE, HNX, and UPCOM.
- On HoSE, net selling reached VND 505 billion, with NVL being the most sold at VND 53 billion.
- VHM and VIC were net sold VND 48 billion and VND 41 billion, respectively.
- Bank stocks TCB, VPB, HDB, and EIB were also among the top net sold on HoSE.
- VNM was the top net bought stock on HoSE with VND 30 billion of net buying.
- On HNX, net selling was VND 5 billion, with IDC being the most sold at VND 14 billion.
- On UPCOM, net selling was VND 4 billion, with VGT being the most sold at VND 6.9 billion.
What Happened
According to data from markettimes.vn, foreign investors continued their net selling streak on June 11, with total net sales exceeding VND 510 billion across all three exchanges. On HoSE alone, net selling amounted to VND 505 billion. The selling was broad-based, with real estate stocks NVL, VHM, and VIC leading the sell-off, followed by several banking stocks including TCB, VPB, HDB, and EIB.
On the buying side, VNM was the top net bought stock on HoSE with VND 30 billion of net inflows. Other stocks that saw net buying included KBC (VND 13 billion), GVR (VND 13 billion), and SAB (VND 10 billion). On HNX, PVS was the top net bought stock with VND 13 billion, while on UPCOM, HNG led with VND 3.4 billion.
Market Context
On June 11, the VN-Index closed at 1,799 points, down 5 points, with trading volume on HoSE falling to just over VND 9,300 billion, a recent low. NVL closed at VND 13,000 (-1.52%), VHM at VND 144,500 (-1.57%), and VIC at VND 196,000 (flat). TCB closed at VND 30,850 (-0.32%). The persistent foreign selling, particularly in real estate and banking, has been a headwind for these sectors, which are already under pressure from high interest rates and regulatory changes.
Strategic Significance
The continued foreign net selling, especially in large-cap real estate and banking stocks, signals ongoing caution among international investors toward Vietnamese equities. The concentration of selling in NVL, VHM, and VIC suggests concerns about the real estate sector’s liquidity and debt levels. Meanwhile, the buying in VNM, a consumer staple, may reflect a defensive shift. The low trading volume indicates reduced market participation, which could exacerbate volatility.
What to Watch
- Further foreign flow data in the coming sessions to see if the selling trend persists.
- Q2 earnings reports from NVL, VHM, VIC, and major banks for signs of fundamental weakness.
- Any policy announcements from the State Bank of Vietnam regarding interest rates or credit growth.
- The VN-Index’s ability to hold above the 1,800 level, a key psychological support.
- Foreign ownership limit changes or new regulations affecting real estate and banking sectors.