With strong net selling momentum, cash flow into Fubon ETF from the beginning of 2024 recorded a net withdrawal of up to 107 million USD, equivalent to about 3,200 billion VND.
The Fubon FTSE Vietnam ETF has maintained a net selling trend of Vietnamese stocks since the beginning of May until now. Some sessions saw capital flows reverse to net buying, but the value was negligible due to strong selling momentum, and the net withdrawal momentum has even become stronger in recent times.
Statistics from the beginning of July until now, this foreign fund has continuously had a net withdrawal of about 20 million USD, equivalent to nearly 510 billion VND worth of Vietnamese stocks that have been net sold in less than half a month.
Regarding the selling volume during this period, Fubon ETF sold all the codes in the portfolio, specifically net selling nearly 2 million HPG shares, 1 million VHM shares, 947 thousand VIC shares, 908 thousand SSI shares, 847 thousand SHB shares, 835 thousand VND shares...
At the end of July 11, the scale of Fubon FTSE Vietnam ETF reached 23.2 billion NTD (about 714 million USD, equivalent to 18,200 billion VND), continuing to be the largest ETF fund on the Vietnamese stock market.
javascript:if(typeof(adnzone508751)!='undefined'){adnzone508751.renderIframe();}else{parent.adnzone508751.renderIframe();}
In the portfolio structure, HPG is still the stock with the largest proportion of 10,71% (holding 67.3 shares), followed by VIC (36.8 million shares, proportion of 8,34%), VHM (39 million shares, proportion of 8,3%), VCB (17 million shares, proportion of 8,29%), MSN (19.2 million shares, proportion of 8,05%)...
With strong net selling momentum, cash flow into this ETF from the beginning of 2024 recorded a net withdrawal of up to 107 million USD, equivalent to about 3,200 billion VND.
The net withdrawal of Fubon ETF is in line with the general foreign investors' movements on the Vietnamese stock market. From the beginning of 2024 to the end of the session on June 11, foreign investors' net selling exceeded VND58,000 billion on HoSE.
Source: CafeF
