Vingroup Blocks Drive Record Foreign Outflow From Vietnam Stocks

Vietnam’s equity market saw a record daily outflow of foreign funds Monday, as about $375 million worth of Vingroup JSC shares traded hands in two blocks.

A total of 90 million shares of the conglomerate crossed in two blocks after the close at 109,096 Vietnamese dong ($4.17) each. That represented a discount of less than 2% to the closing price. Vingroup didn’t immediately reply to an email seeking comment.

“This is said to be a planned divestment by a big APAC institutional investor which does mainly PE deals and not much day-to-day trading like listed equity funds,” Tyler Manh Dung ...