Tiếng Việt
普通话
28
February
Market commentary: Confirm bearish trend
The VNIndex crossed below significant moving averages such as the 100-period and 50-period moving averages, showing a short-term downtrend. Therefore, traders should stay on the sidelines.
Research Center
27
February
Fundflow 20-24 Feb: Outflow has high probability to come back
Foreign demand decreased significantly, faded by the solid selling pressure and pushing the market to end up to be net sold. Net sell value was USD55mn. With ETF flow, inflow across Vietnam kept decreasing, recording at USD1mn, a 5-month low. Notably, the inflow diminished strongly across major ETFs such as Fubon ETF, FTSE Vietnam, VanEck Vietnam, VFMVN Diamond, and VNFin Lead.
27
February
Market commentary: Bearish sentiment
The VNIndex closes below some significant moving averages, implying a downtrend. Besides, the liquidity increases to confirm the bearish signals. Therefore, traders should stay on the sidelines.
27
February
Chart of the day: Retest 100-period moving average
The VNIndex shows bearish signals with high volume, showing a downtrend in the short term. Therefore, traders should stay on the sidelines and wait for the next signals.
24
February
Market commentary: Intraday rebound
Although bottom fishing pushes the VNIndex rebound, the VNIndex crosses down some significant moving averages, implying a downtrend. Besides, the liquidity increases to confirm the bearish signals. Therefore, traders should stay on the sidelines.
23
February
Market commentary: Sell-off?
Based on the sharp contraction, the VNIndex crosses down some significant moving averages, implying a downtrend. Besides, the liquidity increases to confirm the bearish signals. Therefore, traders should stay on the sidelines.
22
February
Market commentary: Consolidation phase?
In the short term, the VNIndex shows positive signals as the index closes above the significant moving average with high liquidity. However, the downside risk is intact around the 1,100-pts zone. Therefore, traders should stay on the sidelines. Besides, and they may only open long positions if the index crosses the 1,100-pts threshold.
21
February
Market commentary: Cash flows into Real Estate
The VNIndex shows positive signals in the short term as the index closes above the significant moving average with high liquidity. However, the downside risk is intact around the 1,100-pts zone. Therefore, traders should stay on the sidelines. Besides, and they may only open long positions if the index crosses the 1,100-pts threshold.
20
February
Fundflow 13-17 Feb: Inflow still remains in low
Foreign selling pressure has overwhelmed supply and led the market to ended up to be net sold. Net selling value was USD15mn. With ETF flow, inflow across Vietnam has improved, recording at USD11mn, mainly focused on FTSE Vietnam ETF. Inflow across Vietnam has slowed down for 3 consecutive weeks, which showed the sign of weakness. Thus, there is the high probability for outflow to occur in upcoming weeks.
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.