HÀ NỘI — Domestic investors have recently seen shares of the dairy giant Vinamilk (VNM) as an appealing invesment, but foreign investors think the contrary. However, the main momentum of the recovery came from domestic investors, while foreign ones accelerated net selling activities. Foreign investors net sold nearly VNĐ1.5 trillion (US$63.6 million) worth of VNM shares since the beginning of June. Net selling pressure may affect VNM's recovery as foreign investors are still holding about 60 per cent of the dairy producer's shares. VNM was the largest enterprise on the domestic stock market for a long time and a favourite investment among foreign investors.
