VN-Index suffers big loss, liquidity exceeds 1 bln USD

A BIDV branch in Hanoi. BIDV was among blue chips hitting the floor price on January 19 (Photo: VNA) Hanoi (VNA) – Shares bounced back slightly in the afternoon trade but the VN-Index still lost 60.94 points, or 5.11 percent, closing the January 19 session at 1,131 points. This was the biggest daily retreat of Vietnam’s benchmark since the first quarter of 2020 and the second falling day this week. It inched down just 0.2 percent on January 18. On the Ho Chi Minh Stock Exchange, overall market breadth was pessimistic with 394 stocks falling, only 42 rising and 39 closing flat. Blue chips were the main drag when all of the top 30 largest shares by market value and liquidity (VN30) plummeted, of which eight hit the floor price of a 7-per-cent drop. All of them were banks and financial companies including BIDV (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), Sacombank (STB), Ho Chi Minh Development Bank (HDB), Saigon Securities Inc (SSI) and Hoang Huy Investment Financial Services (TCH). Except Vincom Retail (VRE) rebounding near the reference price by the end of the session, others lost more than 2 percent. Liquidity hit a record of more than 986 million shares… Read full this story

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