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VCSC Daily - VN-Index plunges in return from Tet break - CPI - CTD, AST, BID, BVH, CII, GEX, GMD, HPG, MBB, NVL, POW, PTB, PVT, SSI, TPB, VNM

Market Commentary

31 Jan 2020

On the first day back following an extended break for Tet Holiday, the VN-Index suffered its biggest single-day percentage loss since April 26, 2018, as it plunged 3.2% on Thursday. Investors sold shares due to concerns that the coronavirus – which is currently disrupting China’s economy – may have a negative impact on the Vietnamese economy. VCB (-4.8%) was the leading contributing decliner, followed by BID (-5.0%).

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