Securities-firm proprietary trading net bought VND 145 billion on HOSE on October 12, as the market traded weakly with very low liquidity. The VN-Index fell 14.11 points (-0.81%) to 1,720.98, while foreign investors net sold about VND 615 billion across the market. VPB saw the strongest net buying by proprietary desks at VND 223 billion, followed by FRT, HPG and VCB. TCB had the largest net selling at VND 85 billion, followed by NVL, VHM, MCH and CTG.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một cổ phiếu ngân hàng bất ngờ được tự doanh CTCK "gom" ròng hơn 200 tỷ đồng phiên đầu tuần
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- A bank stock was net-bought nearly VND 200 billion by securities firms' proprietary trading in the 13/10 session
The VN-Index fell 1.56 points (-0.09%) to 1,719.42 in the October 13 session, after a string of consecutive declines, and stayed above the 1,700 psychological support level. Foreign investors net sold 468 billion VND across the market. Proprietary trading by securities firms net bought a modest 13 billion VND on HOSE, led by VPB at 182 billion VND, followed by FRT (45 billion) and MWG (25 billion). On the other side, TCB was the largest net seller at 115 billion VND, followed by MCH, CTG and FPT.
- A bank stock being continuously net-bought by securities firms' proprietary trading for hundreds of billions of dong
Proprietary trading desks of securities firms net bought VND 424 billion on HoSE, while the VN-Index fell 14.55 points (-0.85%) to 1,704.87, its fifth straight session of decline. Foreign investors net sold about VND 782 billion across the market. VPB was the most heavily net-bought stock at VND 227 billion, marking the third consecutive session it topped the list. In contrast, TCB saw the largest net selling by proprietary desks at VND 88 billion.
- October 12 Session: Foreigners Keep Net Selling, Bucking the Trend to Buy Over a Hundred Billion VND of a Bluechip Stock
Foreign investors extended their net selling on October 12, offloading about 615 billion VND of shares across the market, while cautious sentiment pushed the VN-Index down 14 points to 1,720. Trading value on HoSE reached nearly 13,000 billion VND. On HoSE, foreigners net sold 583 billion VND, though HPG was the most heavily bought stock at over 128 billion VND, followed by HDB and NVL at 31 and 18 billion. The largest net sells were TCB (115 billion VND), PNJ (105 billion) and FPT (91 billion). On HNX, foreigners net sold 36 billion VND, while on UPCOM they net bought 4 billion VND.
- Riding the Q3 earnings wave, brokerage points to groups of stocks with surprisingly low valuations
TPS says that although market-wide after-tax profit rose 49.2% in the first half of 2026, many stock groups are still valued below their historical averages. Specifically, P/E for domestic retail and food-beverage stocks is about 58% and 25% below their 5-year averages, IT stocks trade at a 35–40% discount, and banks have a P/E of 8.52, 14–16% below historical levels. VN-Index trades at a P/E of 12.05, about 21% below its 10-year average. TPS outlines three October scenarios: a base case with 50% probability of consolidating around 1,715–1,785 points, a positive case with 20% probability aiming for 1,870 points, and a negative case with 30% probability that could see a drop to 1,660 points, with a stock-cash allocation of 60/40 suggested in the base case.
- Bank Stock Unexpectedly Hits Floor Price
VN-Index closed down 1.56 points (0.09%) at 1,719 on October 13, after briefly rising above 1,725 without sustaining the gains. NVB of Quoc Dan Bank fell 9.7% to VND14,900 per share, hitting its floor, with nearly 4 million shares matched. Among bank stocks, HDB rose 2.21% and TCB 1.07%, while LPB fell 2.36%, STB 1.94% and BID 1.48%. Foreign investors net sold about VND463 billion on HoSE, with FPT the most heavily sold at about VND106.8 billion, its 11th consecutive session of net selling.
- Why bank stocks shocked everyone by getting thrashed
Bank stocks have sold off sharply ahead of earnings from JPMorgan, Bank of America, Goldman Sachs and Wells Fargo, even though banks have traditionally benefited from higher rates. Many major names are in correction territory, down 10% or more from their highs; over the past month Bank of America is off 13%, Goldman Sachs 12%, Morgan Stanley 11% and Wells Fargo 7%. The KBW Nasdaq Bank Index, which tracks 24 US bank stocks, is down more than 14% from its August peak while the S&P 500 hits new highs, which the Macro Paper called a possible warning sign for the US market. Analysts cite a weaker deal environment, including the delayed Oura IPO and the expected postponement of OpenAI's IPO to 2027, along with deposit competition from AI products and fears that new technology could disrupt financial services. Evercore ISI's Julian Emanuel said the sector's underperformance has been striking, given it has historically benefited from higher rates.
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