GEL

Foreign investors net sold VND 1.92 trillion on July 22, the strongest net selling this month, with SSI, VIC, and VCB leading the sell-off. VNM was a bright spot with net buying of VND 167 billion, highlighting its defensive appeal amid broad market weakness.

Proprietary trading desks at securities companies net bought 460 billion VND on HOSE on July 22, when VN-Index fell 62 points. Techcombank (TCB) was the most bought stock at 235 billion VND, while foreign investors net sold 1,921 billion VND across the market.

Gelex Infrastructure (GEL) plans a private placement of 100 million shares, targeting proceeds of approximately VND 3,330 billion (USD 133.2 million) in Q3/2026-Q2/2027. The company will also propose no dividend for 2025 to prioritize investment in key projects, including the Gia Binh Airport project. The capital raise is expected to support expansion in industrial parks and residential development.

GELEX Infrastructure (GEL) plans a private placement of 100 million shares to raise charter capital from VND 8.9T to VND 9.9T, with execution from Q3/2026 to Q2/2027. The proceeds will fund key infrastructure projects, including Gia Binh International Airport and real estate developments, as the company enters a new investment cycle.

ITD was added to HOSE's margin-cut list after receiving a tax penalty for fiscal years 2022-2025, totaling VND 630.6 million. The list now includes 68 stocks, many under warning, control, or with negative profits, restricting leverage for investors.

HOSE has removed margin eligibility for 67 stocks effective May 2026, citing warning/control status, negative earnings, or listing under six months. The list includes AAN (listed May 22), ABS, HVN, and DLG, restricting leverage for retail investors and potentially reducing trading liquidity in these names.

Gelex Infrastructure (GEL) will inject an additional VND 785.6 billion into its wholly-owned subsidiary FIH, increasing FIH's charter capital to nearly VND 6,774.9 billion. The capital injection, funded from equity, debt, or other legal sources, underscores GEL's ongoing expansion strategy. GEL reported Q1/2026 net profit of VND 12.6 billion on revenue of VND 3,536 billion.

Foreign investors net sold VND 836 billion (USD 33.4 million) on May 12, 2026, with banking stocks bearing the brunt of selling. Individual investors absorbed the flow, net buying VND 968.8 billion. The VN-Index reversed from a 16-point loss to close up 5.6 points at 1,901, driven by rotation into mid-cap and energy stocks.

On May 12, foreign investors net sold VND 798 billion and proprietary traders net sold VND 160 billion, marking the third consecutive session of proprietary net selling. FPT led foreign selling with nearly VND 172 billion, while VIC and VRE saw strong foreign net buying. The divergence within Vingroup stocks and persistent selling pressure on FPT highlight selective foreign sentiment.

GEL saw the heaviest net selling from proprietary trading desks on May 12, with VND 163 billion sold, while foreign investors net sold nearly VND 840 billion market-wide. The selling pressure highlights continued risk-off sentiment among domestic and foreign institutional investors.

GEL, a Gelex infrastructure stock, was the most sold by proprietary trading desks on Monday, with net selling of VND 268 billion, contributing to a total proprietary net sell of VND 430 billion on HOSE. Foreign investors also net sold nearly VND 1,004 billion across the market, adding pressure on Vietnamese equities.

FPT was the second most sold stock on May 11 with VND 218 billion in foreign net selling, extending its position as the top sold stock in May with over VND 1.9 trillion. The ongoing foreign exodus, now six sessions straight, has pressured FPT's price down 1.31% on the day to VND 75, reflecting sustained foreign risk-off sentiment toward Vietnamese tech names.