VPB Leads Proprietary Desk Net Buying on HOSE as Foreign Investors Sell

Overview

Securities firms’ proprietary trading desks net bought VND 13 billion on HOSE on October 13, with VPBank (VPB) accounting for VND 182 billion of net buying, the largest single-name inflow of the session. The same desks net sold VND 115 billion of Techcombank (TCB), while foreign investors net sold VND 468 billion across the market as VN-Index slipped 0.09% to 1,719.42 points.

Key Facts

• Proprietary desks net bought VND 13 billion on HOSE on October 13.
• VPB led net buying at VND 182 billion, followed by FRT at VND 45 billion and MWG at VND 25 billion.
• HAH (VND 11 billion), PVT (VND 10 billion), HDB (VND 7 billion), MSN (VND 5 billion), VCB (VND 3 billion), SAB (VND 2 billion) and VIC (VND 1 billion) also saw net buying.
• TCB recorded the largest net selling at VND 115 billion, ahead of MCH (-VND 27 billion), CTG (-VND 26 billion), FPT (-VND 17 billion) and MSB (-VND 12 billion).
• VIB and FUEVFVND each saw VND 11 billion in net selling; TCX and GAS each -VND 8 billion; LPB -VND 7 billion.
• Foreign investors net sold VND 468 billion market-wide.
• VN-Index closed at 1,719.42 points, down 1.56 points or 0.09%, holding above the 1,700 psychological support.

What Happened

The session marked a fifth consecutive decline for VN-Index, which ended at 1,719.42 points after four prior losing sessions. Selling pressure built across a broad set of tickers, but the index’s loss stayed shallow, leaving it above the 1,700 level that has framed recent trading. The article, published by a Vietnamese market-data outlet, attributes the figures to its daily proprietary-trading and foreign-flow tabulation rather than to a company or regulatory filing.

On the proprietary side, the desks’ aggregate position was only marginally positive at VND 13 billion, but the distribution was lopsided. VPBank absorbed VND 182 billion in net buying, more than the combined net purchases of the next several names, including FRT, MWG, HAH, PVT and HDB. Techcombank drew the heaviest net selling at VND 115 billion, with MCH, CTG, FPT and MSB also on the sell side. Foreign investors were net sellers of VND 468 billion across the market, a larger outflow than the proprietary desks’ net purchase.

Market Context

VPB trades on HOSE and closed at VND 24,400 on October 13. The stock sits in the banking sector, which alongside securities, retail, technology, logistics, consumer staples, real estate and energy featured among the names on both sides of the proprietary flow table. FRT closed at VND 143,800, MWG at VND 74,800 and HAH at VND 47,650 on the same date. The VN-Index’s 0.09% decline extended a four-session losing streak, with the 1,700 level acting as the immediate support reference cited in the report.

Strategic Significance

Proprietary desks at securities firms are trading on their own balance sheet, so a VND 182 billion net purchase in a single bank name stands out against a market where foreign investors were net sellers of VND 468 billion. The divergence suggests domestic proprietary capital was willing to add banking exposure into a fifth straight down session, while foreign accounts reduced positions. For long-term holders of VPB, the relevant question is whether this reflects a durable valuation view on the bank or short-horizon positioning around index support at 1,700. The simultaneous VND 115 billion net sale in TCB shows the desks were not buying banks indiscriminately, which makes the VPB concentration the more notable signal.

What to Watch

• Whether VPB sustains net proprietary buying over the following sessions or the October 13 flow proves a one-day position.
• Foreign investor net flow on HOSE, given the VND 468 billion market-wide net sale.
• Whether VN-Index holds the 1,700 support level or breaks below it.
• Follow-on proprietary flow in TCB, CTG and FPT, the other large net-sell names.
• Any VPB disclosure or filing that would explain the concentration of proprietary demand.