Deals made amid carnage

Securities company stock Kim Long Securities (KLS) saw as much as 9 million shares negotiated on Hanoi Stock Exchange (HNX). Meanwhile, on the Ho Chi Minh Stock Exchange (HoSE), 7.7 million Sacombank (STB) shares, 5 million Hoang Anh Gia Lai (HAG) shares, 1.5 million Vincom Corp. (VIC) shares and some 1 million Saigon Securities Inc. (SSI) shares were negotiated.

Put-through volumes reached 23.4 million shares worth VND462 billion ($22.3 million) on HoSE, 12 million shares worth VND104 billion ($5 million) on HNX.

Major shares had been strongly negotiated recently, mainly STB, HAG and VIC. With most the investors pessimistic about the market outlook, the movement was believed by observes as signs of a few major investors acquiring listed enterprises given shares prices fell too deeply.

Sacombank (STB), which announced in November its plan to buyback a biggest-ever shares volume of 100 million units, had bought back so far 140 million shares.

Meanwhile, the market kept its continuing downward trend on increasing selling pressure in the year end period. HoSE’s VN-Index lost 3.53 points or 0.99 per cent further, ending at 352.68 points.

Blue-chips Bao Viet Holdings (BVH), Masan Group (MSN), Vinamilk (VNM), Vincom Corp. (VIC) massively fell. Banking shares largely lost 1-2 per cent while most real-estate stocks even sunk 3-4 per cent. Half the market ended lower, with 172 stocks off and 75 up.

Just a few stocks gained, including Eximbank (EIB), Sacombank (STV) and some speculative real-estate stocks.

The HNX-Index shed 0.83 points or 1.43 per cent to 57.17 points, with also half the market off. Major stocks, notably, massively hit the floor thanks to a strong bailing out pressure at the session’s ending.

Total volume reached 42.8 million shares worth VND732.8 billion ($35.4 million) on HoSE and 32.3 million shares worth VND264.1 billion ($12.8 million) on the HNX.