On July 27, the stock market experienced a significant downturn as foreign investors sold off nearly 800 billion VND worth of shares. This massive sell-off led to a decline in the VN-Index, which fell by 17 points to close at 1,669 points.

The trading session saw a total liquidity on the Ho Chi Minh Stock Exchange (HoSE) exceeding 14.5 trillion VND. Notably, foreign investors recorded a net sell of approximately 780 billion VND across the market, with 732 billion VND of that occurring on HoSE alone.

Among the stocks, LPB was the most purchased by foreign investors, with a transaction value exceeding 70 billion VND. Other stocks that saw significant purchases included MBB and FRT, with values of 56 billion VND and 30 billion VND, respectively. Conversely, VPB topped the list of net sells, with foreign investors offloading shares worth 96 billion VND, followed by TCB and SHB, which saw net sells of 72 billion VND and 71 billion VND, respectively.

On the Hanoi Stock Exchange (HNX), foreign investors sold a net of 44 billion VND, with CEO being the most bought stock at 3 billion VND. EVS also saw net purchases of 1 billion VND. However, IDC faced significant selling pressure, with a net sell of 20 billion VND, followed by PVS with 12 billion VND.

In the UPCoM market, foreign investors recorded a net sell of 4 billion VND. The stock TIN was the most purchased at 3 billion VND, while ABB faced a net sell of 5 billion VND.

This trend of foreign selling raises concerns about market stability and investor confidence, especially in the banking sector, which has been heavily impacted by these recent transactions.