Morning brief 06/07/2022
GLOBAL MARKET
30,967.82
1D -0.42%
YTD -14.92%
3,831.39
1D 0.16%
YTD -19.82%
11,322.24
1D 1.75%
YTD -28.07%
27.54
1D 3.15%
7,025.47
1D -2.86%
YTD -5.10%
12,401.20
1D -2.91%
YTD -21.93%
5,794.96
1D -2.68%
YTD -19.21%
100.75
1D -9.24%
YTD 31.70%
1,769.45
1D -2.33%
YTD -2.82%
US stocks recorded a strong recovery in the afternoon session on Tuesday. Worries about the possibility of a recession in the US weighed heavily on investors' minds, but lower interest rates seem to have brought green to technology stocks. The Nasdaq Composite Technology Index climbed 1.75% to 11,322.24 after falling sharply at the open. The S&P 500 rose 0.16% to 3,831.39 after falling more than 2% at the session low. In contrast, the Dow Jones index shortened its decline 129.44 points (or 0.4%) to 30,967.82 points.
VIETNAM ECONOMY
0.88%
1D (bps) 17
YTD (bps) 7
5.60%
2.69%
1D (bps) 7
YTD (bps) 168
3.25%
1D (bps) 3
YTD (bps) 125
23,505
1D (%) 0.04%
YTD (%) 2.46%
24,700
1D (%) -1.55%
YTD (%) -6.68%
3,552
1D (%) -0.11%
YTD (%) -2.90%
According to experts, with a deeply integrated economy with an openness of up to 200% of GDP, many types of Vietnamese goods are dependent on and under great influence from outside. Especially, currently, gasoline prices are anchored at a high level, together with food prices increasing again, making inflationary pressure in the last 6 months of the year very great.
VIETNAM STOCK MARKET
1,181.29
1D -1.19%
YTD -21.16%
1,242.05
1D -0.51%
YTD -19.12%
277.94
1D -1.16%
YTD -41.36%
87.19
1D -0.81%
YTD -22.62%
-274.92
15,888.16
1D 38.78%
YTD -48.87%
Foreign investors continued to net sell 275 billion dong in the session 5/7. Foreign investors on HoSE were the strongest net sellers of VHM with 77 billion dong. VCB and MSN were net sold 47 billion dong and 36 billion dong respectively. Meanwhile, VNM was the strongest net buying with 32 billion dong. VHC is behind with a net buying value of 27 billion dong.
INTRADAY
VN30 (12M)
SELECTED NEWS
- The State Bank of Vietnam abolished 11 legal documents from August 15
- Reducing environmental protection tax with gasoline, revenue will decrease by about VND 7,000 billion
- Food prices rose again, increasing inflation pressure at the end of the year
- Oil prices plummet as much as 10% as recession fears mount
- Euro falls to 20-year low against dollar as recession fears grow
- Inflation in Turkey rises to nearly 80%
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