07:31
Foreign capital outflow from the Chinese stock market hits record, with two Block Trading transactions by Vingroup attracting follow.
Jin10 data reported on August 5 that on Monday, the Vietnamese stock market recorded a record foreign capital outflow, with approximately $375 million worth of Vingroup shares changing hands through two Block Trading transactions. After the market closed, a total of 90 million Vingroup shares were traded in the two Block Trading transactions, with a transaction price of 109,096 Vietnamese Dong (approximately $4.17) per share, reflecting a discount of less than 2% compared to the Closing Price. Vingroup has not yet commented on this matter. Tyler Manh Dung Nguyen, chief market strategist at Ho Chi Minh City Securities Company, stated in a report that this is reportedly a divestment planned by a large institutional investor primarily engaged in private sale transactions in the Asia-Pacific region rather than routine trading of listed stocks. Following Vingroup's announcement of an investment of approximately $14.3 billion to build a port and logistics center in the northern city of Haiphong, the stock hit the rise limit for the second consecutive trading day on Tuesday.