Foreign investors continued to buy in Vietnamese shares. Photo: Internet
Foreign investors net bought 35.2 billion dong ($1.54 million) worth of Vietnamese shares on March 14 as offshore exchange-traded funds (ETFs) restructure their portfolios this week.
On the Ho Chi Minh City Stock Exchange (HOSE), they net purchased a value of 31 billion dong ($1.36 million), extending their buying streak since the start of this year although the U.S. Fed will likely raise rates by 25 basis points this month.
Overseas traders net bought 390,630 shares worth 68.55 billion dong ($3 million) of FLC Faros
Construction (ROS), marking a record value of foreign buying in this ticker.
According to exchange data, foreigners have net bought 1.85 million shares worth 280 billion dong ($12.28 million) of ROS in the year to date. Earlier this month, FTSE
included ROS into the basket for the calculation of the FTSE Vietnam Index, the reference index of FTSE Vietnam ETF.
The next most wanted stocks on Tuesday were steel maker Hoa Phat Group (HPG
), dairy producer Vinamilk (VNM) and stationery maker TLG.
On the other hand, foreign traders net sold 100 billion worth of real estate developer Novaland (NVL) although MVIS added this stock to the Market Vector Vietnam Index in the latest review.
International players have net bought a combined of 380.65 billion ($16.7 million) worth of Vietnamese shares on the HOSE since the beginning of this month, exchange data showed.
The benchmark VN Index gained 0.64% to close at 714.71 on March 14.