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VCSC Daily - VN-Index falls on heavy net selling from foreigners - FPT, NT2, TLG

Market Commentary

13 Aug 2019

Negative overnight movement on Wall Street along with rising tensions in Hong Kong seemed to have an impact on the VN-Index as it declined nine tenths of a percent on Tuesday. Notably, foreign investors net sold 7.9 million shares worth VND303.4bn. All three Vingroup tickers fell: VIC (-1.6%), VHM (-1.5) and VRE (-1.5%). VCB (-1.8%) and BID (-1.3%) were both among the day’s top ten contributing decliners. However, fellow banks TCB (+2.0%), CTG (+1.2%), MBB (+1.4%) gained.

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