Top ten share codes attract foreign investors

Tuesday, April 22, 2008
Foreign investors' purchase volume last week reached high, especially they had paid special attention to blue chips, in which Saigon Securities Inc's SSI share code continued leading with nearly 3.3 million shares changing hands.
In the period, foreign investors bought 10,609.150 shares while selling only 2,312,690 shares. Notably, blue chips are favourite commodities as for foreign stock players, including SSI, DPM, PPC, and FPT. Though SSI took the lead in term of trading volume for foreigners, the trade was down 500,000 shares as compared with the previous week due to there were only three sessions last week.
Top ten favourite blue chips of foreign investors between February 14 and 18

1. SSI with 3,296,370 shares being purchased by foreign investors

2. DPM with 2,272,620 shares

3. PPC with 468,720 shares

4. FPT with 450,410 shares

5. VSH with 422,430 shares

6. PVD with 356,120 shares

7. VNM with 341,820 shares

8. VTO with 159,290 shares

9. DHG with 155,720 shares

10. PUBF1 with 100,920 shares

Last Friday particularly, foreign investors purchased about 4.5 million shares, fund units and bonds, a four fold increase then their selling volume. Especially, only 750,000 bonds were changed last week.
A representative from an investment fund said that blue chips were more attractive for foreigners because they have a high transparency, full necessary information for stock players, stable revenue and not have overdue debts.
When the VN Index exceeded 500 pts, foreign investors' purchase power was very high. Thanks to this, the stock market could not stand at the level of less than 500 pts in a too long time, he added.
According to Dao Trung Kien-financial analysis director of Vifinfo, the 2007 fiscal year has just ended. Some investment funds with high profit will use the abundant capital to seek new investment opportunities including in Vietnamese stock market. And they will pay much attention to large cap shares in the market. (TBKTVN)