Tiếng Việt
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04
August
Market commentary: Resistance 830 to be tested
As the VNIndex has returned to its resistance 825-830, selling pressure may increase today. Therefore, traders should not chase price for the time being.
Research Center
» Investment Strategy » Daily Commentary
03
August
Market commentary: Optimistic sentiment
Cash flows into large-cap stock, making optimistic market sentiment in the short term. However, the VNIndex’s 20-period moving average or July-bottom at 920-930 pts is the significant resistance. Therefore, traders should be careful and wait for more bullish signals.
31
July
Market commentary: Resume downtrend
Market sentiment has become cautious as the downside risk is still intact. Besides, the short-term downtrend is formed as the 20-period moving average of the VNIndex closes below the 50-periods moving average. Therefore, traders should be careful and stay on the sidelines.
30
July
Market commentary: Cautious rebound
Despite the recovery, the short-term downside risk is still intact due to the high volatility of investor sentiment. The downtrend is formed as the 20-period moving average of the VNIndex closes below the 50-periods moving average. Therefore, traders should be careful and stay on the sidelines.
29
July
Market commentary: Sharp reduction
In the short term, the downside risk is still high because of the high volatility of investor sentiment. Besides, the VNIndex closes below the lower line of the downward channel again, showing the short-term downtrend. Therefore, traders should be careful and stay on the sidelines.
28
July
Market commentary: VHM limits up
The downside risk is still intact in the short term due to the high volatility of investor sentiment. Besides, the VNIndex crosses down the lower line of the downward channel with a runaway gap, implying the short-term downtrend. Therefore, traders should be careful and stay on the sidelines.
27
July
Market commentary: Panic session
The VNIndex crosses down the lower line of the downward channel with a runaway gap, implying the short-term downtrend. The downside risk increases as a sharp reduction of large-cap stocks. Therefore, traders should reduce long positions and stay on the sidelines.
24
July
Market commentary: Worry about coronavirus again
Market sentiment has become cautious in the short term as the sell-off on stock markets. That pushes the downside risk increase. Therefore, traders should reduce long positions and stay on the sidelines.
23
July
Market commentary: VRE leads market gains
Although the recovery, the downside risk increased in the short term as the VNIndex closes below its 50-period moving average. Therefore, traders should be cautious and wait for confirmation signals of the next trend.
Featured Articles
15
March
Point Break
Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.
27
December
Outlook 2022 – The Big Uptrend
Key factors that drive the stock market to rise in 2022 include: (1) the Vietnam economy recovering and strong growth in 2022 and (2) new money will continue to flow into the stock market as new cash flows into stock markets and new money comes from capital flows of securities companies to margin.
09
November
Time to bet on economic recovery?
A record plunge in Vietnam’s economy in 3Q21 has threatened economic prospects in the medium and long term growth. The government is standing in a right place to mitigate the lingering impact of the current outbreak and the next ones if they take appropriate actions in an appropriate timing and appropriate way. Recent macro and policy developments are signaling that the ongoing economic recovery would be smooth and sound, but it needs a booster shot, a sufficiently large fiscal relief package, to accelerate recovery momentum and help economic growth back on track. From our view, the “Economic Recovery and Development” fiscal support package, if successfully passed, would be a key to unlocking the full potential of the economic recovery.
26
July
Fragile hope of recovery path under the worst outbreak
Amid a widespread COVID-19 delta attack in the Southeast Asia region, Vietnam is stepping into the worst outbreak in both its health and economic impacts. Although the government actively deployed various solutions to follow the twin target that effectively controls the pandemic and promotes socio-economic development, the negative impact of economic recovery is inevitable. We predict that the COVID-19 economic impacts on domestic consumption and production levels would be partly reflected in oncoming macroeconomic updates under strict lockdowns nationwide.
18
June
INFLATION: A transient or long-lasting shock?
Surging commodity prices and increasing inflation recently pose a considerable risk to global economic stability. However, the majority of global economists and monetary policymakers just saw this phenomenon as a transitory factor, and this trend would eventually reverse to a normal track in the medium- and long- term. Regarding Vietnam's situation, we saw a stable demand-supply balance in major commodities and well-controlled price conditions. The inflation shock in the near term, if it happens, would be expected to be transient and bear a little risk to the economic stability.