Would 900 be the likely bottom of Vietnam's benchmark VN-Index?
Whenever the Vietnam’s benchmark Vn-Index crashes, it recovers quickly right at the likely bottom of 900 points.
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The VN-Index fell 56 points, or 6.28 percent to 835 points on Monday, the biggest plunge since 2001, after the country confirmed 14 new coronavirus cases and global oil prices dropped 30%.
Singapore-based Quadria Capital, one of Asia’s leading specialist healthcare focused private equity firm, closed its latest fund at $595 million focusing on Southeast Asia market, including Vietnam, beating $400 million target.
Vietnam’s grocery and pharmacy sectors will be growth outperformers in the short and medium term due to coronavirus outbreaks, Fitch Solution says in a report.
Whenever the Vietnam’s benchmark Vn-Index crashes, it recovers quickly right at the likely bottom of 900 points.
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