DXG

Dragon Capital sold 546,200 DXG shares, lowering its stake from 5% to 4.96%, and is no longer a major shareholder in Bluemarq Group. The move adds to foreign selling pressure on HOSE, where DXG closed at VND 12,200 on July 18.

Dragon Capital reduced its stake in Bluemarq Group (DXG) to 4.9573% on July 14, 2026, dropping below the 5% major shareholder threshold. The move follows a recent stock bonus issuance that increased DXG's outstanding shares, diluting existing holders. The exit may signal reduced foreign institutional confidence in the real estate developer's near-term outlook.

STB was the most sold stock by proprietary trading desks on July 17, with net selling of VND 78 billion, as part of a broader VND 479 billion sell-off by proprietary desks on HOSE. Foreign investors also net sold approximately VND 690 billion across the market, adding to selling pressure on Vietnamese equities.

Foreign investors unexpectedly net bought nearly VND 1,400 billion (~$55.4 million) on HOSE on July 10, 2026, with strong buying in Real Estate and Food & Beverage stocks, notably VIC and VNM, while selling Banking stocks. The VN-Index fell 12.36 points to 1,828.34 amid low liquidity, but foreign buying provided a partial offset.

DXG completed a 155.7 million bonus share issuance (14:100 ratio), raising charter capital to nearly VND 12,700 billion. The move follows a strong Q1/2026 where net profit surged 173% YoY to VND 214 billion, achieving 80% of the full-year profit target. The company also rebranded to Bluemarq Group and established new subsidiaries.

Foreign investors net sold nearly VND 6,000 billion in a single session, with VIC alone accounting for VND 4,900 billion of the outflow. Domestic institutions net bought VND 5,500 billion, partially offsetting the selling. Analysts expect the foreign selling trend to continue until August or September, tied to market upgrade expectations.

Multiple Vietnamese real estate companies including Vinhomes (VHM), Phat Dat (PDR), Dat Xanh (DXG), and DIC Corp (DIG) are issuing new shares to raise capital amid falling stock prices and tight credit conditions. The moves, totaling over VND 5,500 billion, aim to address liquidity needs and fund projects but risk diluting existing shareholders.

Vietnam real estate companies increased total debt to approximately VND 300 trillion by end-Q1 2026, while aggregate revenue surged 210% YoY to VND 76 trillion, driven by VHM and NVL. Gross profit margin recovered to 48.1%, near 2021 peaks, signaling improved pricing power in the high-end segment.

Foreign investors net sold VND 895.5B on May 26, 2026, with real estate stocks VIC and VHM leading the sell-off, while banking and technology stocks saw net buying. The VN-Index fell only slightly, but VIC and VHM alone contributed nearly 14 points of decline, highlighting their outsized influence.