Foreign capital outflow from the Chinese stock market hits record, with two Block Trading transactions by Vingroup attracting follow.

Jin10 Data, August 5th - On Monday, the Vietnamese stock market recorded a record foreign capital outflow in a single day, with approximately 375 million USD worth of Vingroup shares changing hands through two Block Trading transactions. After the market closed, the two Block Trading transactions totaled 90 million Vingroup shares, with a transaction price of 109,096 Vietnamese dong (about 4.17 USD) per share, which is less than a 2% discount compared to the Closing Price. Vingroup has not yet responded to this matter. Tyler Manh Dung Nguyen, Chief Market Strategist at a Ho Chi Minh City securities firm, stated in a report that this was reportedly orchestrated by a large institutional investor primarily engaged in private sale transactions in the Asia-Pacific region, rather than daily listed stock trading. Following the news that Vingroup plans to invest approximately 14.3 billion USD in constructing a port and logistics center in the northern city of Haiphong, the stock hit the limit up for the second consecutive trading day on Tuesday, with a weekly increase of 14%. Due to the aforementioned Vingroup Block Trading, foreign investors net sold Vietnamese stocks worth approximately 387 million USD on Monday, setting a historical high.