Tiếng Việt
普通话
07
April
Market commentary: Strong profit-taking?
Based on a strong losing session, the VNIndex shows downside risks in the short term. The signals lose consensus. Hence, traders should be careful if the market still shows negative signals.
Research Center
07
April
Daily derivatives: Selling pressure comes back
Long VN30F2304 after ATO session and stop the loss when there is the closing price below 1,050 pts level. (Hourly chart)
06
April
Market commentary: Resume uptrend
Based on recovery, the VNIndex shows an uptrend in the short term. Therefore, traders may open small long positions. However, the selling pressure appears at a high level of around 1,100-pts. Hence, traders should be careful if the market shows negative.
06
April
Daily derivatives: Hold the long positions
Long VN30F2304 after ATO session and stop the loss when there is the closing price below 1,060 pts level. (Hourly chart)
05
April
Daily derivatives: Heading to 1,100 pts zone
Long VN30F2304 after ATO session and stop the loss when there is the closing price below 1,060 pts level. (Hourly chart)
05
April
Market commentary: Consolidation phase?
After the VNIndex rises for the ninth consecutive gaining session, the VNIndex shows an uptrend in the short term. Therefore, traders may open small long positions. However, the selling pressure appears at a high level of around 1,100-pts. Therefore, traders should be careful if the market shows negative.
04
April
SBV mounts pivot signals
The money market this week continued to incorporate SBV’s recent pivot in monetary stance. Funding costs for interbank loans remain relatively low under the modest growth in the first lending market. More notably, the second round of rate cuts came out after depressing economic release for the first quarter with a focus on lowering deposit rates. In this way, the monetary authority could facilitate commercial banks to reduce lending rates in the first market. Despite a stronger pivot signal, the FX market reacts mildly, providing SBV confidence to follow policies to support economic growth. Therefore, we predict that interest rates in the money market to remain low for the next few weeks
04
April
Daily derivatives: Long positions
Long VN30F2304 after ATO session and stop the loss when there is the closing price below 1,030 pts level. (Hourly chart)
04
April
Market commentary: Optimistic sentiment
The VNIndex rises for the ninth consecutive gaining session, showing an uptrend in the short term. Therefore, traders may open small long positions. However, the selling pressure appears at a high level of around 1,100-pts. Therefore, traders should be careful if the market shows negative.
04
April
Covered warrant 27-31 Mar: Covered warrant market is more active
Last week,trading volume dropped, recording at 60mn shares, down 20% WoW. However, trading value remained at high level, recording at VND38bn due to the active rebound phase across the major market. By underlying asset, covered warrants which have HPG as the underlying asset continued to attract the most of trading interest from both domestic and foreign investors.
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.