POW Leads Proprietary Trading Net Selling on HOSE July 28 as Foreigners Dump VND 1.97 Trillion
This Aveluro analysis covers POW on HOSE in the Utilities sector. The classified event type is foreign flow, with negative sentiment and a deterministic market-impact score of 4.2/10. 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.
Overview
On July 28, proprietary trading desks of securities companies net sold VND 178 billion on HOSE, with POW (Petrovietnam Power Corporation) being the most sold stock at VND 117 billion. Foreign investors also net sold approximately VND 1,966 billion across the entire market, despite the VN-Index recovering 11.61 points (+0.70%) to 1,680.62.
Key Facts
- Proprietary desks net sold VND 178 billion on HOSE on July 28.
- POW was the most sold stock by proprietary desks, with net selling of VND 117 billion.
- SAM followed with net selling of VND 57 billion.
- MWG and PNJ each saw net selling of VND 27 billion by proprietary desks.
- Foreign investors net sold approximately VND 1,966 billion across the entire market.
- HT1 was the most bought stock by proprietary desks, with net buying of VND 39 billion.
- HPG received net buying of VND 38 billion from proprietary desks.
What Happened
On July 28, the Vietnamese stock market recovered, with the VN-Index rising 11.61 points (0.70%) to 1,680.62. However, both proprietary trading desks and foreign investors were net sellers. According to data from the exchange, proprietary desks net sold VND 178 billion on HOSE, with POW being the most heavily sold stock at VND 117 billion. Other stocks sold by proprietary desks included SAM (VND 57 billion), MWG and PNJ (each VND 27 billion), MCH and BAF (each VND 16 billion), VNM (VND 13 billion), FUEVFVND (VND 12 billion), and TCB and CTG (each VND 7 billion).
On the buying side, proprietary desks net bought HT1 (VND 39 billion), HPG (VND 38 billion), STB (VND 13 billion), MSN (VND 9 billion), FUESSV50 (VND 8 billion), ACB (VND 7 billion), SSI (VND 6 billion), VGC (VND 6 billion), BSR (VND 5 billion), and VHM (VND 5 billion). The information was reported by financial media outlet Nhịp Sống Thị Trường.
Market Context
POW (Petrovietnam Power Corporation) closed at VND 13,300 on July 28, and is listed on HOSE. The stock has been under pressure from selling by proprietary desks and foreign investors. The broader market saw significant foreign net selling of nearly VND 2 trillion, which weighed on sentiment despite the index’s recovery. Other stocks such as SAM (close VND 5,730), MWG (close VND 65,200), and PNJ (close VND 32,650) also experienced notable selling by proprietary desks.
Strategic Significance
The heavy selling of POW by proprietary desks suggests a shift in short-term positioning by securities companies, possibly due to profit-taking or portfolio rebalancing. The large foreign net selling across the market indicates continued caution among international investors, which may be driven by global macroeconomic factors or valuation concerns. For POW, the selling pressure could be related to its recent performance or sector-specific issues. The buying interest in HT1 and HPG, however, shows selective accumulation in construction materials and steel stocks.
What to Watch
- Further proprietary trading flows in POW and other heavily sold stocks in the coming sessions.
- Foreign investor activity, particularly whether net selling persists or reverses.
- POW’s upcoming earnings report and any operational updates from Petrovietnam Power.
- Market-wide foreign ownership limits and potential changes in regulations.
- The performance of HT1 and HPG as indicators of sector rotation.