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VietNamNews

Net foreign purchases of Vietnamese stocks rises

Update: July, 05/2014 - 11:07

HA NOI (VNS)— A sharp increase in net foreign purchases of local stocks in the first six months shows that the Vietnamese market is experiencing positive growth in the current difficult period.

Foreign investors carried out net purchases worth VND7.084 trillion or $337.35 million of local stocks, which was 2.8 times more than in the second half of 2013 and 62 per cent more year over year.

The best-selling stocks for foreign investors included Vingroup (VIC) and PetroVietnam Gas JSC (GAS) in the HCM City stock exchange and Vinaconex JSC (VCG), PetroVietnam Technical Services Corporation (PVS), VNDirect Securities (VND) and Kim Long Securities (KLS) in the Ha Noi Stock Exchange.

On the other hand, foreign investors mostly sold shares of the Petrovietnam Fertilizer and Chemicals Corporation (DPM), the Hoang Anh Gia Lai Group (HAG) and Tien Phong Plastic JSC (NTP).— VNS


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