According to Germany's largest bank, foreign investment is drawn not only by institutions but, more importantly, by the appeal of businesses listed on the stock exchange.
Foreign investors injected nearly 4,700 billion dong into Vingroup shares on monday, driving Vietnam's stock market to a record net buying value and its highest liquidity in a month.
The VN-Index fell for seven consecutive sessions, at one point dropping below the 1,800-point mark due to selling pressure concentrated on Vingroup-related stocks.
The stock market has displayed numerous negative signals, with the VN-Index declining sharply, extending a 5-session correction streak, and liquidity reaching its lowest level since the beginning of the year.
Over 200 stocks on the HoSE exchange declined, led by Vingroup and Vinhomes, causing the stock market to fall by nearly 32 points during this morning's session.
The VN-Index dropped 15 points due to significant selling pressure on state-controlled stocks, thus failing to reach the 1,950 point milestone predicted by many analytical groups.
According to Dragon Capital experts, Vingroup stocks have risen sharply but are consistent with financial health, and this level is still much lower than other benchmark stocks in other countries.
