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Foreigners offload shares of HPG
Thursday,  1/31/2019, 20:09 

Foreigners offload shares of HPG

By Phuong Thao

HCMC – Having stayed on the buying side for three sessions running, foreigners shifted to the selling side today, January 31, with the selling pressure focusing on shares of steel maker HPG.

Closing the day, HPG slumped 4.5% at VND27,700 as foreigners net sold over two million shares of the firm, marking the lowest level since December 2018. HPG share price has lost 35% over the past four months.

Besides, foreign investors also offloaded shares of CTG after the bank suddenly reported a VND853-billion loss in the last quarter of 2018. CTG ended the day down 3.6% at VND19,700 but it led the southern market by liquidity of over nine million shares exchanged.

In contrast, foreigners net bought nearly 2.2 million shares of lender STB valued at VND26.7 billion, followed by electricity firm POW with a net buying value of VND12.3 billion and property company KBC with VND10.1 billion.

The VN-Index of the Hochiminh Stock Exchange fell 5.19 points, or 0.57%, against the previous day at 910.65. Trading volume of the southern market declined a slight 3% at 138 million shares while value slid 10% at VND3.1 trillion.

On the Hanoi Stock Exchange, the HNX-Index extended its winning streak to the third straight session, inching up a slight 0.07% versus the day earlier at 102.88. Foreigners net bought over VND15 billion worth of shares on the northern bourse.

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