Ha Noi (VNA) – Foreign investors have spent close to 73 billion VND (4.6 million USD) in buying shares of the Corporation for Financing and Promoting Technology (FPT) over the last week, and is now the darling of foreign investors playing on the Vietnamese stock markets.
At the Ho Chi Minh City Stock Exchange (HOSE), FPT was followed by Tan Tao Industrial Park Corporation (ITA) with 48.6 billion VND worth of shares being traded by foreign investors, Ben Tre Aquaproduct Import and Export Joint Stock Company (ABT) with 36.6 billion VND and Pha Lai Thermal Power Joint Stock Company (PPC) with more than 20.5 billion VND.
By the end of the August 10 morning trading session, the VN-Index at the HOSE dropped slightly to 935.68 points after making gains over the past three consecutive sessions.
The session, however, still witnessed a large volume of shares purchased by foreign investors, who spent more than 178 billion VND in buying nearly 1.3 million shares listed at the bourse.
For the entire week, foreign investors purchased close to 5 million shares, valued at almost 667.4 billion VND while selling just over two million shares, worth more than 266.2 billion VND.
The Ha Noi Securities Trading Centre also witnessed strong buys by foreign investors, who doled out more than 175 billion VND to buy 2.1 million shares while selling 379,000 shares, worth nearly 50 billion VND.
Shares that mostly attracted foreign investors the most at the Ha Noi bourse include Bim Son Cement Joint Stock Company (BCC) and Saigon Securities Inc. (SSI).
According to Nguyen Trung Kien, a stock expert from the Viet Quoc Securities Company, foreign investors have put above-mentioned shares in their long-term plan, not only in several trading sessions, due to these companies’ effective operation.
“It is the right time to buy shares when the VN-Index reaches around 900 points,” he said, adding that the market has seen a trend of increasing share purchases by both foreign and domestic investors due to the fluctuation of the market.
Meanwhile, Deputy Director of Vietcombank Joint Stock Company Mai Trung Dung forecast that the purchase power of foreign investors would increase gradually provided that Viet Nam continued to maintain its average economic growth rate of 8 percent per year.-Enditem
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