Foreign investors posts a net buy value of 9.2 trillion VND (408.9 million USD) in the first half of 2017 (Photo: cafef.vn) Hanoi (VNA) - Foreign investorsposted a net buy value of 9.2 trillion VND (408.9 million USD) in the firsthalf of 2017, beating the record 8 trillion VND made in the first seven monthsof 2008.
That was a big improvement compared to thetotal foreign investors’ net sell value of 6.76 trillion VND made in 2016 dueto the volatility of global stock markets, which was caused by investors’concerns over new US policies under a Trump administration and the exit ofBritain from the European Union.
According to Rong Viet Securities Co(VDSC), foreign investors bought a net value of 8.975 trillion VND on the HCMStock Exchange (HSX), reversing from a net sell value of 6 trillion VND made inthe second half of 2016.
Of the 18 sectors that were listed by VDSCin its Wednesday market report, foreign investors posted net purchase value infour sectors.
Foreign investment on the HSX focusedmainly on the industries of construction and building materials, food andbeverages, and mining and resources with net buy values of 1.67 trillion VND, 4.79trillion VND and 1.28 trillion VND in those three sectors, respectively.
Leading sectors such as financial services,banking and energy industries were second choice for foreign investors as netforeign investment in those three key sectors ranged from 236 billion VND to 544billion VND.
Top stocks receiving strong foreigninvestment included dairy producer Vinamilk (VNM), steelmaker Hoa Phat Group(HPG), FLC Faros Construction (ROS) and gas station operator Petrolimex (PLX).
On the other hand, retail, insurance, realestate and chemicals were the industries in which foreign investors posted netsell value.
Foreign investors offloaded most ownershipin real estate companies with a total net sell value of 1 trillion VND while 79billion VND was the figure for the insurance sector.
Foreign investors focused their net sellingin PetroVietnam Drilling and Well Services (PVD), Dat Xanh Real Estate Serviceand Construction Co (DXG), and Vingroup (VIC).
On the Hanoi Stock Exchange, net foreigninvestment flows in listed companies reached 225 billion VND, a decrease of 76 percentcompared to the previous six months.
Foreign investors were most attracted tothe industries of construction and building materials, food and beverages,financial services and real estate with net buy values reaching 287 billion VND,64 billion VND and 75 billion VND.
The most targeted stocks on the northernexchange included ceramics producer Viglacera (VGC), construction firm Tasco(HUT) and food producer Dabaco (DBC).
On the opposite side, banking, energy andinsurance sectors saw strong withdrawal of foreign investment, with net sellvalues at 192 billion VND, 103 billion VND and 36 billion VND.
Foreign net selling concentrated on stockssuch as Saigon-Hanoi Bank (SHB), PetroVietnam Technical Services (PVS) and TienPhong Plastic Co (NTP).-VNA
That was a big improvement compared to thetotal foreign investors’ net sell value of 6.76 trillion VND made in 2016 dueto the volatility of global stock markets, which was caused by investors’concerns over new US policies under a Trump administration and the exit ofBritain from the European Union.
According to Rong Viet Securities Co(VDSC), foreign investors bought a net value of 8.975 trillion VND on the HCMStock Exchange (HSX), reversing from a net sell value of 6 trillion VND made inthe second half of 2016.
Of the 18 sectors that were listed by VDSCin its Wednesday market report, foreign investors posted net purchase value infour sectors.
Foreign investment on the HSX focusedmainly on the industries of construction and building materials, food andbeverages, and mining and resources with net buy values of 1.67 trillion VND, 4.79trillion VND and 1.28 trillion VND in those three sectors, respectively.
Leading sectors such as financial services,banking and energy industries were second choice for foreign investors as netforeign investment in those three key sectors ranged from 236 billion VND to 544billion VND.
Top stocks receiving strong foreigninvestment included dairy producer Vinamilk (VNM), steelmaker Hoa Phat Group(HPG), FLC Faros Construction (ROS) and gas station operator Petrolimex (PLX).
On the other hand, retail, insurance, realestate and chemicals were the industries in which foreign investors posted netsell value.
Foreign investors offloaded most ownershipin real estate companies with a total net sell value of 1 trillion VND while 79billion VND was the figure for the insurance sector.
Foreign investors focused their net sellingin PetroVietnam Drilling and Well Services (PVD), Dat Xanh Real Estate Serviceand Construction Co (DXG), and Vingroup (VIC).
On the Hanoi Stock Exchange, net foreigninvestment flows in listed companies reached 225 billion VND, a decrease of 76 percentcompared to the previous six months.
Foreign investors were most attracted tothe industries of construction and building materials, food and beverages,financial services and real estate with net buy values reaching 287 billion VND,64 billion VND and 75 billion VND.
The most targeted stocks on the northernexchange included ceramics producer Viglacera (VGC), construction firm Tasco(HUT) and food producer Dabaco (DBC).
On the opposite side, banking, energy andinsurance sectors saw strong withdrawal of foreign investment, with net sellvalues at 192 billion VND, 103 billion VND and 36 billion VND.
Foreign net selling concentrated on stockssuch as Saigon-Hanoi Bank (SHB), PetroVietnam Technical Services (PVS) and TienPhong Plastic Co (NTP).-VNA
VNA
