A Freefall Ahead of the Launching of the Derivatives Market - Assessment on Derivatives Market, Penny Stocks
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BID, after the recent rally, suddenly hit the floor in the morning session and sparked rumors about the arrest of former BIDV Chairman Tran Bac Ha. This, coupled with the tensions between the US and North Korea, has caused the VNIndex to slump by 2.26% and close at 773.66 points. The impact of banking and food & beverage stocks on today's index is most noticeable. The decline was unusual, albeit seen many times in the past. Since 2014, there was a total of 19 trading sessions when the market decreased by over 2%, which means that on average there was one deep decline session every 2.5 months. Today’s decrease still could not be compared to other unforgettable down sessions in the past.
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