BizLIVE - Foreign traders bought in shares of FLC Faros Company (coded ROS) on January 12 when they turned net sellers on the Vietnamese stock market for a second day running.
Foreign Players Lock in Profits on Blue-chips but Net Buy FLC Faros on Monday
FLC Faros is the main contractor of a large number of real estate projects in Vietnam. Photo: FLC Faros
They net purchased 537,000 shares of ROS worth 79.44 billion dong ($3.5 million) on Monday, making ROS the most wanted stock. Since the start of this year, foreigners net bought 2.32 million shares valued at 365 billion dong of the construction company.
Also on Monday, the most favorite stocks of foreign investors were VietJet Air (VJC), Vingroup (VIC) and E1VFVN30 ETF. Meanwhile, they withdrew from Hoa Phat Group (HPG), Vincom Retail (VRE), Vinamilk (VNM) and Vietcombank (VCB).
They net sold 450.67 billion dong ($19.85 million) on the Ho Chi Minh Stock Exchange (HOSE) today, the penultimate day before the local markets close for the one-week Lunar New Year holiday.
On the Hanoi Stock Exchange, foreigners net sold 9.44 billion dong.
The benchmark VN Index of the HOSE settled up 3.63% at 1,041.79 today while the HNX Index of the Hanoi bourse finished up 3.7% at 122.02.
They net purchased 4.415 trillion ($194.5 million) worth of Vietnamese listed shares last week despite a market crash, bringing the net-buying value to 13.378 trillion dong ($589.3 million) year to February 9, according to exchange data.