Tiếng Việt
普通话
10
January
Market commentary: Low liquidity
In the short term, the downside risk is still intact due to selling pressure at high level. Therefore, traders should wait for more bullish signals before opening long positions.
Research Center
09
January
Fundflow 03-06 Jan: Vietnam’s market was lifted by the stable flow of money
Market ended up to be net bought, in which Financials, Real Estate, and Cons Staples attracted most of buying activity. Besides, Materials also ended up to be net bought thanks to large buy orders on HPG. With ETF flow, net inflow was USD52mn (-7% wow). The inflow was mainly lifted by the strong demand on VanEck and Fubon.
09
January
Market commentary: Short-term profit taking?
The VNIndex decreases last Friday due to profit taking around 1,050 pts. That mean the downside risk is still intact in the short term. Therefore, traders should wait for more bullish signals before opening long positions.
09
January
Chart of the day: The range is still held
There is the strong supply near 1,100 pts zone as well as 1,050 pts zone is still held. The rebound phase could be extent only when 1,100 pts zone is broken. Therefore, investors should reduce the positions on leading stocks and wait for more accurate signal for the upcoming market leg.
06
January
Market commentary: Large-cap stocks in the spotlight
Based on the third bullish session, the downside risk is reduced, implying a bullish trend in the short term. However, the selling pressure at a 1,100-pts threshold is still intact. Therefore, traders should wait for more bullish signals before opening long positions.
05
January
Market commentary: Energy makes market gains
Based on the second recovery, the downside risk is reduced as the index crossed up the 20-period moving average, implying a bullish trend in the short term. However, the selling pressure at a high level is still intact. Therefore, traders should wait for more bullish signals before opening long positions.
04
January
Market commentary: A breakout?
Based on the strong recovery, the downside risk is reduced in the short term as the index crossed up the 20-period moving average. However, the selling pressure at a high level is still intact. Therefore, traders should wait for more bullish signals before opening long positions.
03
January
Fundflow 26-30 Dec: The stable flow of money gives sign for the market bottom
Market ended up to be net bought. Financials, Consumer Staples, and Materials attracted most of buying activity. With ETF flow, net inflow was USD56mn. The positive flow of money was mainly driven by the strong demand on VanEck and Fubon.
03
January
Chart of the day: Range bound market
There is the strong supply near 1,100 pts zone as well as 1,050 pts zone is downward pierced. Therefore, investors should reduce the positions on leading stocks and wait for more accurate signal for the upcoming market leg.
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.