Tiếng Việt
普通话
05
January
Market commentary: Breakout for 1,500-pts threshold
The VNIndex breaks out the 1,500-pts resistance, implying the bullish market in the short term. Therefore, traders should open their long position and focus on leading stocks.
Research Center
04
January
Fundflow 27 – 31 Dec: The weakness of the money flow
Foreign demand overwhelmed. Buying activity focused on Financials and Industrials whilst Consumer Staples and Materials experienced the selling pressure. With ETF flow, Vietnam recorded the inflow. Net inflow was USD2mn, mainly contributed by the demand on VNFIN Lead ETF and VFMVN30 ETF.
04
January
Market commentary: Banking in the spotlight
The VNIndex has retested the 1,500-pts resistance, so this week's downside risk is intact. Therefore, traders should stay on the sideline and wait for a signal. If they want to trade for the short-term position, they should wait for a breakout for 1,500-pts before opening their long positions.
04
January
Daily derivatives: Hold the long positions
The captured long on VN30F2201 should be held and stop the loss when there is the closing price below 1,500 pts level (Hourly chart).
03
January
Chart of the day: Upward resumption phase
Although the all-time high is held, breakout has high probability to occur. In this case, investors should continue to hold the current positions on leading stocks and increase the position size when breakout is confirmed.
31
December
The economy backs to the highway
After a severe contraction in 3Q21, Vietnam's economy has successfully backed into the pre-pandemic growth track in the fourth quarter. It is visible that the main growth drivers for 4Q21 are from the manufacturing and export areas when these sectors have a phenomenal run in the reopening phase. Meanwhile, marked recovery in retail sales in the last two months also eases some pressure on the economic growth. These developments lay a strong foundation for the economic outlook in the next year.
31
December
Daily derivatives: The supply zone is held
Due to the whipsaw market, traders should long VN30F2201 when there is the closing price above 1,530 pts level and stop the loss when there is the closing price below 1,500 pts level (Hourly chart).
31
December
Market commentary: Move in the tight range
The short-term downsides risk is still intact as the VNIndex has retested the 1,500-pts resistance. Therefore, traders should stay on the sideline and wait for a signal. If they want to trade for the short-term position, they should wait for a breakout for 1,500-pts before opening their long positions.
30
December
Daily derivatives: Rigid price movement
Long VN30F2201 when there is the closing price above 1,530 pts level and stop the loss when there is the closing price below 1,500 pts level (Hourly chart).
30
December
Market commentary: Selling pressure at 1,500-pts threshold
The downsides risk is still intact in the short term as the VNIndex has approached the 1,500-pts resistance. Therefore, traders should stay on the sideline and wait for a signal. If they want to trade for the short-term position, they should wait for a breakout for 1,500-pts before opening their long positions.
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.