VIX Hit by Heavy Proprietary Selling on Sept 8; Foreigners Net Sell VCB, VPB

Overview

On September 8, 2026, both proprietary trading desks and foreign investors were net sellers on the Vietnamese stock market. The most notable move was the heavy net selling of VIX by proprietary desks, amounting to VND 206.5 billion, while foreign investors focused their selling on banking stocks VCB and VPB. In contrast, FPT attracted significant net buying from foreign investors, underscoring a selective approach in a cautious market.

Key Facts

• Proprietary desks net sold VND 206.5 billion of VIX on September 8, the largest net sell among all stocks.
• Foreign investors were net sellers for the session, with total net selling of approximately VND 380 billion.
• VCB led foreign net selling with VND 87 billion, followed by VPB with VND 77 billion.
• FPT was the top foreign net buy, with VND 64.5 billion, followed by VIB with VND 42 billion.
• Proprietary desks overall net sold nearly VND 145 billion during the session.
• The E1VFVN30 exchange-traded fund was net bought by proprietary desks, with nearly VND 35 billion.
• VIX closed at VND 13,750 on September 8, 2026.

What Happened

According to the daily flow report published on September 8, 2026, both proprietary trading desks and foreign investors reduced their exposure. Proprietary desks executed a net sell of approximately VND 145 billion, with VIX absorbing the largest outflow at VND 206.5 billion. This suggests that domestic institutional traders were actively reducing positions in the securities stock, possibly locking in profits or reacting to short-term signals.

Foreign investors also continued their selling trend, with net sales of nearly VND 380 billion. The banking sector bore the brunt, as VCB and VPB saw net sells of VND 87 billion and VND 77 billion, respectively. However, not all sectors were shunned: FPT attracted net buying of VND 64.5 billion, making it the top foreign buy, while VIB also saw net purchases of VND 42 billion. The data comes from exchange flow reports and is a standard daily snapshot of institutional activity.

Market Context

VIX, listed on HOSE, closed at VND 13,750 on September 8, 2026. The heavy proprietary selling of VIX aligns with a broader risk-off tone, as both domestic and foreign investors reduced positions. Banking stocks like VCB (closing at VND 58,100) and VPB (closing at VND 27,400) faced foreign selling, reflecting profit-taking after recent gains. In contrast, FPT (closing at VND 72,200) saw foreign buying, indicating continued interest in technology and digital transformation plays. The overall market sentiment appears cautious, with investors rotating out of financials and into selective growth names.

Strategic Significance

For long-term investors, the coordinated selling of VIX by proprietary desks and foreign selling of banks may signal short-term overvaluation or sector rotation. VIX, as a securities company, is highly sensitive to market turnover and investor sentiment; heavy institutional selling could reflect expectations of lower trading volumes ahead. Conversely, foreign buying in FPT underscores the structural appeal of Vietnam’s technology sector, driven by digitalization and outsourcing demand. The divergence between financials and tech suggests that investors are favoring companies with stronger earnings visibility and growth potential, rather than cyclical financials.

What to Watch

• Subsequent trading sessions to see if proprietary selling of VIX continues or reverses.
• Foreign net flow data for VCB and VPB over the next week to gauge whether banking outflows persist.
• FPT’s price action and foreign ownership levels to confirm sustained institutional interest.
• Market turnover and VN-Index movement, as securities stocks like VIX are leveraged to trading activity.
• Any company announcements from VIX regarding business updates or shareholder changes that might explain the selling pressure.