23/03/2020 - 08:55
Weekly Market Wrap, March 23
| The VNI’s lost another 6% during the week ending March 20, following the prior week’s 14.5% decline. That brought the main index’s YTD drop to -26% in VND terms, although the HNIndex has been flat. Breadth on the VNI improved but remained poor, with 213 losers against 114 gainers during the week. In addition, the Vietnamese Dong’s official rate against the USD slid by 68bps WoW to 23,372. | |
| Index, Flows, and FX Performance
· VNINDEX: 714 (-6.3% WoW / -25.7% YTD / -28.8% YoY) · HNINDEX: 102 (+0.5% WoW / -0.7% YTD / -7.1% YoY) · UPCOM Index: 50 (-1.5% WoW / -12.1% YTD / -12.8% YoY) · Average daily turnover: US$160 mn (-28% WoW) · Foreigners net sold US$126 million of VNIndex constituents. · VND:USD rate: 23,372 (-68bp WoW / -85bps YTD / -73bps YoY) |
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