Foreign investors net sell Vietnamese stocks for 7 straight weeks
Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) to the tune of VND2,692 billion ($111 million) in the December 18-22 week.
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Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) to the tune of VND2,692 billion ($111 million) in the December 18-22 week.
Vietnam remains on the watch list for a possible reclassification from frontier to secondary emerging market status as the market has yet to meet the settlement requirements stipulated in the FTSE Equity Country Classification Framework.
The State Bank of Vietnam (SBV) on September 27 continued to offer 28-day treasury bills worth 20 trillion VND (833 million USD) through an auction.
Vietnam’s benchmark VN-Index lost 39.85 points, or 3.34%, to 1,153.1 on Monday, with up to 495 stocks falling, including 110 hitting their floor prices.
Vietnam’s benchmark VN-Index fell 19.7 points, or 1.62%, to 1,193.05 on Friday, the lowest since August 25, due to massive selloffs.