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Ho Chi Minh City
Sunday, June 16, 2024

Still a force of influence

By Trinh Duy Viet

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Foreign investors net sold around VND20 trillion of shares on the local stock market in the first four months of 2024. Although the proportion of their share transactions in the total volume on the market has sharply declined compared to previous years, each and every move by foreign investors still wields influence on the general mood among investors. Impact of foreign investors’ net selling diminishes Foreign investors had net sold over VND20 trillion of shares on the Vietnamese stock market in the year to May 3, data showed. The proportion of foreign ownership at listed businesses had dropped to 17.89% from 18.24% in end-2023. Net selling by foreign investors have persisted since early last year, with a total value of VND44.8 trillion. In total, their net selling value has amounted to over VND91 trillion since 2020, when the Covid-19 pandemic began. Despite the constant net selling by foreign investors, their influence on the local stock market movements has ebbed considerably. Since 2023, foreign institutional investors started net selling shares while domestic individual investors have emerged as dominant net buyers, counterbalancing the market. Transactions involving domestic organizations and foreign individuals have remained stable. It is evident that domestic individual investors have […]
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