VN-Index plunges to all-time low
daitranvan 28-01-2021, 15:25
VN-Index plunges to all-time low

An investor monitors stock prices. The VN-Index of the Hochiminh Stock Exchange hit the lowest level ever in the morning phase today, January 28 – PHOTO: VNA

HCMC – The VN-Index of the Hochiminh Stock Exchange hit the lowest level ever since the establishment of the southern bourse in the morning phase today, January 28, due to panic selling.

The benchmark index lost 6.46%, or 70.9 points, at 1,026.27, with hundreds of stocks ending in the red.

Downbeat investor sentiment was attributed to the Ministry of Health’s announcement on two new locally-transmitted Covid-19 cases, which later rose to 82.

Dairy firm VNM, steelmaker HPG, rubber group GVR, gas firm GAS, brewery firm SAB and consumer goods company MSN were the worst performers on the southern bourse.

The poor performance of many bank stocks such as VCB, BID, TCB, CTG, MBB and VPB also contributed to the deep fall of the main index.

Meanwhile, building material firm VGC and telecom firm SGT shot up to their ceiling prices.

On the northern bourse, the HNX-Index dipped by 15.81 points to 204.98 in the morning phase.

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