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07
11月
Daily derivatives: Rebound phase is faded
In this case, traders should stay on the sidelines and wait for more accurate signal. (Hourly chart)
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04
11月
Daily derivatives: Rebound phase is faded
Long positions on VN30F2211 should be closed after ATO session due to the weakness at 1,000 pts area. For new position, traders should stay on the sidelines and wait for more accurate trading signal. (Hourly chart)
03
11月
Daily derivatives: Range bound
Long VN30F2211 after ATO session, set 1,080 pts area as the profit target and stop the loss when there is the closing price below 1,000 pts level. (Hourly chart)
01
11月
Daily derivatives: Rebound phase steps in
Long VN30F2211 after ATO session, set 1,080 pts area as the profit target and stop the loss when there is the closing price below 1,000 pts level. (Hourly chart)
31
10月
Daily derivatives: Bullish momentum is still weak
The rebound phase is active within the bearish market. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.
28
10月
Daily derivatives: Approaching the solid selling zone
The rebound phase is active within the bearish market. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.
26
10月
Daily derivatives: Spread keeps widening
The VN30F2211 is traded 30 pts below VN30 Index which carries high level of volatility in upcoming sessions and the intraday rally could occur which would stop out the late short. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.
26
10月
Covered warrant 17-21 Oct: Trading volume remains at high level
Last week, trading value kept decreasing across the covered warrant market, mainly impacting by the stock market correction. Particularly, trading value was fell to VND37bn. By underlying asset, covered warrants which have STB as the underlying asset kept attracting interest from both domestic and foreigners, mainly driving by CSTB2220 (-51.4%) and CSTB2215 (-41.5%).
25
10月
Daily derivatives: Strong bearish momentum
The VN30F2211 is traded 32 pts below VN30 Index which carries high level of volatility in upcoming sessions and the intraday rally could occur which would stop out the late short. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.
24
10月
Daily derivatives: New short position is risky
The VN30F2211 is traded 26 pts below VN30 Index which carries high level of volatility in upcoming sessions and the intraday rally could occur. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.
Featured Articles
24
8月
U.S July Retail sales and Vietnam T&G exports
U.S July Retail sales and Vietnam T&G exports According to the latest data from the U.S. Census Bureau, retail sales in the U.S. increased by 0.7% MoM in July of 2023, marking a fourth consecutive rise, and beating market forecasts of a 0.4% increase. In more detail, US clothing store sales grew 1.34% YoY in July, slightly decelerated from 2.69% in June, but remain higher than the one-year slowest growth of 0.32% in April. The potential upturn in US clothing sales, given a relatively strong correlation with Vietnam T&G exports, subsequently benefiting this export sector in the latter half of 2023.
02
8月
An improved economic performance amidst easing external headwinds
July’s data revealed a substantial improvement in economic activities with a softer decline in export turnover, an improving industrial production, and a renewed acceleration in retail sales. On one hand, U.S. consumers tend to regain their confidence during the late phase of the global interest rate hike, fastening the resolution of the overstocking and consequently promoting Vietnam’s export activities. On the other hand, retail sales recorded a higher growth rate than in June coupled with moderate inflation after a series of easing fiscal policies, likely reflecting an expanding demand. We predict economic performance to improve further next month due to softening external headwinds and expanding domestic demand.
28
7月
Vietnam’s economy: gaining momentum
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. In addition, the well-controlled inflation and stable exchange rate provide more space for the monetary authority to follow the easing tendency in the next quarter.
13
7月
3Q23 Strategic Insight: Embrace the opportunity
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. Investment opportunities exist in Power and Agriculture, Seafood industries that backed by El-Nino and China consumption themes. Besides, crushed stone industry also offers a lucrative choice from 3Q23 for those investors seeking for rising public spending theme. We expect the target range for VNIndex in 2H23 to be 1,260-1,340 points.
30
6月
Slight pickup amidst persistent global challenges
GSO’s June report shows a slight acceleration in economic performance for the second quarter of 2023. Although the economic growth surpassed the downgraded market assessment, it is far from the expected value in the eco-socio tasks. For the latest update in June, export activities deteriorated under the persistent slowdown in the consumption of Vietnam’s major trading partners, showing challenges for the economy to speed up. Regarding domestic factors, the recovery momentum in post-pandemic exhausted with retail sales much lower than the potential level. In the short term, we predict public investment will mainly support economic growth before material improvement in external factors occurs.