Vietnam's stock market continues to have a second sharp decline since the beginning of 2024.

After failing to surpass the 1,300-point threshold, the VN-Index experienced strong fluctuations. The stock market plummeted sharply in the context of domestic macro indicators maintaining positive growth in most sectors, business results of listed enterprises showing good growth, and exchange rates stabilizing again...

However, investor sentiment is affected by negative fluctuations in the world stock market, along with the possibility of increased tensions between Israel, Hamas and Iran, which could erupt into war, leading to concerns about increased crisis risks...

Series of leaders selling stocks

In the context of the stock market plummeting, the stocks of most listed companies also fluctuated negatively, a series of leaders and internal shareholders of listed companies competed to sell their shares. Some of them were negotiated transactions. For example, at Duc Thanh Wood Processing Joint Stock Company (code GDT), Ms. Ha Thi Hue, the mother of the Chairman of the Board of Directors, negotiated to sell nearly 645,000 GDT shares on July 31, thereby reducing the ownership ratio from 26.81% to 23.86%. On the same day, Mr. Le Hong Thanh, Ms. Hue's biological son, bought back all of the above shares.

Last week, Mr. Nguyen Duy Linh, son of Mr. Nguyen Duy Hung - Chairman of the Board of Directors of SSI Securities Corporation, registered to sell all of more than 47 million shares (ratio) 3.12% due to personal financial needs. Meanwhile, NDH Investment Company Limited registered to buy 32 million SSI shares to increase its ownership ratio. Both transactions are expected to be carried out from August 9 to September 6, 2024 through negotiation. Thus, it is likely that NDH Investment will buy back a portion of the shares sold by Mr. Hung's son. The remaining 15 million SSI shares have no information about internal shareholders and related parties who have placed an agreement to buy the remaining shares.

SSI stock price has decreased quite a bit, in line with the market trend. This stock has been continuously decreasing since mid-June 2024 with a loss of nearly 20%. If calculating the peak from the beginning of the year until now, SSI has lost about 24% of its value.

Ms. Dang Huynh Uc My, Vice Chairman of the Board of Directors of Thanh Thanh Cong - Bien Hoa Joint Stock Company (code SBT - HoSE), personally sold all 70 million SBT shares from July 12 to July 26. Previously, Ms. My planned to conduct the transaction through an agreement. During the transaction, SBT had an agreement of up to 93.3 million shares, worth about VND1,186 billion. The purpose of the sale is to restructure the investment portfolio. After the transaction, Ms. My's ownership ratio at SBT will decrease from 19.02% to 9.84% (equivalent to 74.9 million SBT shares).

On the other hand, on July 25, Legendary Venture Fund 1 (Legendary) reported that it had purchased a total of 60.8 million SBT shares, equivalent to 8.21% of the voting ratio, raising its total ownership ratio to more than 116.3 million shares, equivalent to 15.71%.

Ms. Dang Huynh Uc My's selling action took place in the context of SBT shares having a good recovery after a sharp decline in the second half of June. During the time Ms. My traded, SBT shares increased to about 13,500 VND/share, but then due to the negative fluctuations of the general market, SBT also decreased by about 10% to the lowest level of about 12,000 VND/share.

In addition to negotiated transactions, many transactions were sold on the floor through both order matching and negotiation methods. Mr. Nguyen Van Nghia announced that the stock transaction of an insider of Thanh Cong Textile - Investment - Trading Joint Stock Company (TCM) had also completed the sale of 7 million shares through agreement and order matching. During the time Mr. Nghia traded, TCM had negotiated transactions of about 4.79 million shares.

Ms. Do Thi Thai, Deputy General Director of Dat Xanh, has completed the sale of 146,700 DXG shares by order matching and negotiation methods in the period from June 10, 2024 to July 8, 2024. After the transaction, Ms. Do Thi Thai currently holds 631,726 DXG shares, accounting for 0.09% of the company's charter capital.

In addition, in the trading session on July 8, three member funds of Dragon Capital also sold 1 million DXG shares. The above DXG stock trading move took place in the context of Mr. Luong Tri Thin ceasing to hold the position of Chairman of the Board of Directors from July 3, 2024.

DXG stock price has also been continuously falling recently. This stock has dropped from 17,600 VND/share (end of May 2024) to only about 12,200 VND/share, equivalent to a decrease of more than 30%. If calculated from the peak at the beginning of the year, DXG stock price has lost more than 41%.

In addition, due to personal financial needs, Mr. Nguyen Van Hung, a member of the Board of Directors of the Hanoi South Housing and Urban Development Investment Corporation (NHA), registered to sell 1 million shares from July 18 to August 15, 2024. Mr. Hung's move to sell shares comes in the context of NHA's stock price trending strongly since the beginning of this year. Information about selling from internal shareholders along with the negative fluctuations of the general market have somewhat affected the price of NHA shares. This stock has lost about 20% in the past week.

Buy orders are starting to appear more and more.

Vinhomes plans to buy back 370 million VHM shares.

However, in the context of deep stock price correction, many internal shareholders or business leaders have started to register to buy shares. Some transactions have a positive impact on stock prices.

Notably, Vinhomes Joint Stock Company (VHM) bought back its own shares. The Board of Directors decided to buy back a maximum of 370 million treasury shares, equivalent to 8.5% of the outstanding shares.

The expected time for the buyback is after the State Securities Commission has approved and the company has announced information about the share buyback as prescribed. The transaction method is order matching or agreement through a securities company, in accordance with legal regulations. With the current share price, the company will need to spend more than VND 13,760 billion. The above plan will need to be submitted and wait for approval from the general meeting of shareholders.

The stock price has been negative over the past year, especially in the very deep decline from VND 60,000/share to VND 40,000/share in the period of August-November 2023, at one point setting a new bottom when it fell to VND 34,500/share in the session on August 5. Information about buying treasury shares pushed VHM's stock price to a record high of VND 37,200/share on August 7 and there were two alternating sessions of increase and decrease after that.

Recently, Mr. Vu Ngoc Son, Senior Advisor at Hai An Transport and Stevedoring (HAH) has registered to buy 2 million HAH shares to increase investment. The transaction is expected to be carried out by order matching or negotiation, from August 7 to September 5, 2024. HAH stock price has also decreased by nearly 20% in just 1 month. If the transaction is successful, Mr. Son will increase his ownership from more than 2 million shares at a rate of 1.695% to more than 4 million shares at a rate of 3.343% at HAH.

Similarly, Mr. Pham Thanh Hung, known as Shark Hung, Vice Chairman of the Board of Directors of Cen Land (CRE), also registered to buy 5 million CRE shares, by order matching or negotiation, during the period from August 6 to September 4, 2024.

Mr. Le Viet Hung, Senior Advisor of Hoa Binh Construction Group Joint Stock Company (HBC) registered to buy 500,000 HBC shares. The transaction is expected to take place from August 8 to September 6, 2024. HBC's market price has decreased by about 37% in just the past few weeks after facing delisting when the accumulated loss as of December 31, 2023 exceeded the actual contributed charter capital.

Source: https://baodautu.vn/soi-dong-giao-dich-co-phieu-nguoi-noi-bo-doanh-nghiep-dan-xuat-hien-lenh-mua-nhieu-hon-d222068.html