Morning brief 20/07/2022
GLOBAL MARKET
31,827.05
1D 2.43%
YTD -12.56%
3,936.69
1D 2.76%
YTD -17.62%
11,713.15
1D 3.11%
YTD -25.59%
24.50
1D -3.16%
7,296.28
1D 1.01%
YTD -1.44%
13,308.41
1D 2.69%
YTD -16.22%
6,201.22
1D 1.79%
YTD -13.55%
99.95
1D 0.67%
YTD 30.65%
1,708.40
1D 0.23%
YTD -6.17%
US stocks rose on Tuesday (July 19), with the market continuing to recover from last month's lows, as investors expected strong business results reports from businesses and forecasts indicates that the market has found a bottom. At the end of the session, the Dow Jones Industrial Average rose 754.44 points (or 2.43%) to 31,827.05 points – closing the session near the peak of the session when the index rose rapidly in the last trading hour of the session. The S&P 500 index advanced 2.76% to 3,936.69. The Nasdaq Composite added 3.11% to 11,713.15.
VIETNAM ECONOMY
0.96%
1D (bps) 13
YTD (bps) 15
5.60%
2.77%
1D (bps) 4
YTD (bps) 176
3.36%
1D (bps) 7
YTD (bps) 136
23,555
1D (%) -0.15%
YTD (%) 2.68%
24,712
1D (%) 0.88%
YTD (%) -6.63%
3,542
1D (%) -0.08%
YTD (%) -3.17%
According to the State Bank of Vietnam (SBV), credit balance of the whole economy as of June 30 increased by 9.35% compared to the end of 2021, much higher than the increase of 6.47% in the same period last year. With strong credit growth, most banks have already exhausted their allocated credit limit while the SBV has not yet granted additional room.
VIETNAM STOCK MARKET
1,178.33
1D 0.16%
YTD -21.35%
1,211.70
1D -0.21%
YTD -21.10%
284.43
1D -0.07%
YTD -39.99%
87.89
1D 0.49%
YTD -22.00%
-316.58
13,236.64
1D 1.02%
YTD -57.40%
Foreign investors boosted a net selling of 316b dong on July 19. Foreign investors net sold the most on HPG with 72b dong. After that, internal ETF certificates FUEVFVND were sold for a net 48.8b dong. VHM and DXG were both net sold over 30b dong. Meanwhile, VNM was the strongest net buyer with 39b dong. MWG is behind with a net buying value of 19.5b dong.
INTRADAY
VN30 (12M)
SELECTED NEWS
- Expanded credit room may be lower than market expectations
- 4 reasons to make Vietnam an attractive destination for manufacturing investment
- Power planning VIII: Preliminary determination of costs and damage of solar power projects if not implemented
- The US wants to end dependence on solar cells and other important goods from China
- Germany lost 145 billion euros due to extreme weather since 2000
- Southeast Asian currencies weather the sell-off better than other currencies in the world
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