After four consecutive sessions of decline and a recovery session at the end of the week, the VN-Index closed at 1,108.03 points, down more than 4% compared to the previous weekend. However, like many previous sharp declines, securities companies and foreign investors increased their net buying of stocks.

According to statistics this week, the self-trading department of securities companies net bought VND1,374 billion worth of stocks across the market. Specifically, the self-trading department net bought VND1,326 billion on the HOSE floor. Of which, on October 19 alone, this group net bought more than VND1,000 billion - the highest in many months. Similarly, securities companies also net bought VND86.6 billion on the HNX floor and VND30.1 billion on the UPCoM floor.

In terms of net purchase value, VPB shares led the way when the proprietary trading division bought more than VND440 billion. Next, MWG code was also net purchased more than VND103 billion; TCB and GMD were net purchased more than VND50 billion. Other stocks such as FPT, VCB, VIC, HDB... were net purchased 30 - 50 billion VND.

In line with the self-employed group, foreign investors also net bought this week. In total, foreign investors have had 4 consecutive net buying sessions. Specifically on HOSE, foreign investors net bought a total of 1,620 billion VND, equivalent to more than 31 million shares. Some stocks with large net buying values ​​such as VHM shares of Vinhomes Joint Stock Company were bought with a value of more than 806.7 billion VND. Following were STB with a net buying of more than 300 billion VND; FPT with a net buying of more than 100 billion VND; PVD with a net buying of more than 50 billion VND and SSI with a scale of 49.8 billion VND; VND with a buying value of 36.1 billion VND...

VN-Index this week had a sharp decline despite the fact that the business results of many enterprises in the third quarter of 2023 were more positive than the second quarter of 2023. During the week, the State Securities Commission had a working session with representatives of FTSE Russell, updating policy information and orienting solutions to remove obstacles in the criteria for upgrading the Vietnamese stock market. Mr. Tim Batho, representative of FTSE, also shared information about the business trip, updating the latest market rating report of the September 2023 review, including continuing to keep Vietnam on the watch list for upgrading to a secondary emerging market...