Foreign investors post second-strongest year of net selling in past decade

Vietstock – Foreign investors post second-strongest year of net selling in past decade

In December, while HNX was still leisurely net buying, foreign investors (foreign investors) achieved the “achievement” of the strongest net selling month in 2023 on HOSE, bringing the cumulative net selling volume at the beginning of the year to nearly 24.5 trillion VND. From the beginning of the year to December 29, the total net sales on the two exchanges were close to VND22 trillion.

VietstockFinance data showed that foreign investors sold more than VND9.8 trillion in net sales in December. hose, this number is 2.5 times the net sales amount last month (3.9 trillion VND), and also set a record for the strongest net sales in 2023. Cumulatively since the beginning of the year, foreign investors have sold nearly VND24.5 trillion in net sales, making 2023 the second strongest net sales year in the past 10 years, second only to 2021.

Return HannoverDespite a significant drop in net worth compared to the previous month (-78%, reaching over VND104 billion), foreign investors continued to maintain net purchasing power. From the beginning of the year to December 29, 2023, the total net purchases by foreign investors in this layer exceeded VND2.8 trillion.

The most notable development for foreign investors in December was the aforementioned series of 18 consecutive net sell-offs hose From December 1st to 26th, this partly affected the psychology of stock market investors, causing the index to come under pressure.

grandfather Vo Kim Phung – Vice President, Beta Securities Analysis Department Said that the continued large net selling by foreign investors has had a certain negative impact on the psychology of domestic investors, although the macroeconomic environment has improved a lot in the last few months of this year, and there have been many improvements. Information that supports the market, such as interest rates trending downward and currently anchored at historically low levels.

In the last few trading days at the end of the year, the market’s cautious attitude gradually relaxed, and the index rose relatively steadily. It closed in the green in 2023 and stopped at 1129.93 points, an increase of more than 12% from the beginning of the year. Compared with the beginning of the month, the increase was more than 3%. Foreign investors are also preparing to return to the market, with net buying for three consecutive trading days from December 27th to 29th.

more than hose, VHM stock (HM:) continued to top the list of stocks with the strongest net selling by foreign investors during the month, exceeding VND1.2 trillion; HPG (HM:) was the second largest net sold stock, worth nearly VND973 billion. last month, High pressure gas generator Ranked first among net-buying stocks. On the other hand, foreign investors also vigorously net sold fund certificates of ETF VFMVN DIAMOND – FUEVFVND, amounting to nearly VND960 billion.

On the contrary, after a period of “falling out of favor”, MWG (HM:) has regained interest from foreign investors and became the most net bought stock on the market. hose In December, the value was VND175 billion.This was followed by VHC (HM:), with net purchases of VND153 billion; last month, Dragon Capital Fund Group stepped down as a major shareholder VirusHCAfter member fund Norges Bank withdrew 100,000 shares (trading on December 13), the group’s shareholding dropped to 4.97%, equivalent to 9.29 million shares.

more than Hannoversellers dominated stocks High temperature and pressure (HN:) is the strongest net seller with a value of VND143 billion and is the major shareholder of PYN ELITE FUND High temperature and pressure It will also “vibrate” after a short period of time.This fund from Finland just became a major shareholder High temperature and pressure After buying 3 million shares on December 1, its holdings increased to 5.27% (42.8 million shares), but on December 4, the fund sold the same number of shares, thereby reducing its holdings. to 4.9% (39.8 million shares).shares), no longer a major shareholder High temperature and pressure.

At the same time, with buyers taking the lead, IDC (HN:) and CEO shares became the most net-purchased stocks, with values ​​reaching VND265 billion and VND107 billion respectively.

Foreign investors post second-strongest year of net selling in past decade

Foreign investors seem to be smart investors, entering when the index is in the low price range and exiting when the index starts to recover.

In fact, net buying momentum from overseas investors was higher than hose Maintaining the level of the first quarter of this year, when there were fewer positive developments in the stock market; and net sales starting in April 2023, with net sales worth nearly VND 24.5 billion as of December 29, 2023. This is the second-strongest net sales of the past 10 years, behind only the COVID-19 pandemic year (2021, net sales of $56.2 trillion).

One of the reasons for exiting Vietnam’s stock market is foreign investors allocating capital between markets.

“In recent times, the markets in Asia, Southeast Asia, and Vietnam have experienced poor growth; in particular, the growth in China, Hong Kong, Thailand, and Vietnam has been very poor, or even negative.

From the perspective of fund investment, when you see such a market with poor growth, you will hesitate to invest; although the economy is recovering, these countries also show poor recovery momentum.“,grandfather Ruan Shiming – Director of Analysis at Yuanta Securities make out.

Same opinion sir Pham Hai Hoang, CFA – Head of Securities Analysis Department, Bank of Vietnam (NHSV) explain: “It is more reasonable to say that the portfolio structure of foreign investors is a bit forced. Maybe it makes more sense for them to move their funds out of Vietnam or to another investment channel, or to return to their home country to invest in other things.“.

experts NHSV Analyzing the past four years, the years of strong net selling by foreign investors in 2020, 2021, and 2023 are good years for the stock market; the year of net buying by foreign investors in 2022 is the worst year in history (except for 2008). “We shouldn’t be pessimistic, sometimes selling by foreign investors is good news for Vietnam stock market“, He said.

In 2023, the stocks with the strongest net selling mentioned above hose Belongs to the banking group, led by EIB (HM:) (over VND5.4 trillion), followed by VPB (HM:) (VND3.1 trillion) and STB (HM:) (nearly VND2.6 trillion). In particular, the fund certificates of ETF VFMVN DIAMOND (FUUEVFND) and ETF SSIAM VNFIN LEAD (FUESSVFL) also fell into the list of the strongest net sellers of the year, with net values ​​of VND2.5 trillion and VND1.5 trillion respectively. .

Buy in the afternoon, Steel Group likes High pressure gas generator and HSG (HM:) are the two stocks with the most net purchases this year, with nearly VND3 trillion and VND1.4 trillion respectively. Ranking third is STG stocks, with a value of nearly 1.3 trillion in 2023.

more than Hannoverthe stock with the most net purchases is international data centernearly 1.5 trillion VND, High temperature and pressure It was the second largest net buyer of stocks, worth VND752 billion.

Weiqing