Morning Brief 12/07/2021
GLOBAL MARKET
34,870.16
1D 1.30%
YTD 14.67%
4,369.55
1D 1.13%
YTD 17.08%
14,701.90
1D 0.98%
YTD 14.23%
16.18
1D -14.84%
7,121.88
1D 1.30%
YTD 8.63%
15,687.93
1D 1.73%
YTD 14.35%
6,529.42
1D 2.07%
YTD 16.61%
74.69
1D 2.44%
YTD 54.64%
1,806.35
1D 0.02%
YTD -5.11%
- All three major U.S. stock indexes closed at record highs on Friday, recovering from declines in the previous session on concerns about slowing global economic growth. At the end of the session, the Dow Jones index rose 448.23 points (equivalent to 1.3%) to close a record high of 34.870.16 points. The S&P 500 index advanced 1.1% to an all-time high of 4,369.55. The Nasdaq Composite added 1% to 14,701.92 points, also notching a record closing high.
VIETNAM ECONOMY
0.94%
1D (bps) 4
YTD (bps) 81
5.60%
YTD (bps) -20
1.20%
1D (bps) -1
YTD (bps) -2
2.13%
1D (bps) 14
YTD (bps) 10
23,105
1D (%) -0.02%
YTD (%) -0.31%
28,128
1D (%) 0.27%
YTD (%) -3.35%
3,621
1D (%) 0.17%
YTD (%) 1.34%
- The 6-month contract to sell nearly 7 billion USD of banks to the SBV will expire in July and August 2021, meaning VND 157,000 billion is being pumped into the market by the SBV. According to experts, the SBV's move to buy foreign currency for futures does not affect the exchange rate much because this amount of foreign currency has been purchased by commercial banks since the previous time.
VIETNAM STOCK MARKET
1,347.14
1D -2.00%
YTD 22.52%
1,494.43
1D -1.76%
YTD 41.20%
306.73
1D -2.93%
YTD 55.62%
87.08
1D -1.59%
YTD 17.95%
797.03
29,244.78
1D 21.10%
YTD 70.49%
- When most banking, securities, and real estate stocks plunged, the retail group was a rare bright spot on the Vietnamese stock market last week. Banking, real estate, securities, and iron and steel stocks that helped the index continuously break the peak last week all had a negative impact on VN-Index.
INTRADAY
VN30 (12M)
SELECTED NEWS
- Reduce pressure to increase loan interest
- Bloomberg: In just 5 years, the number of mobile wallet users in Vietnam and neighboring countries will increase by 311%
- More than 40 businesses have proposed to invest in Quang Ninh, with a total capital of over 63 trillion VND
- China blocks Tencent's $5.3 billion deal
- The reason why Russia and China are closer than ever
- G20 economies favor global minimum corporate tax
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