Morning brief 29/08/2022
GLOBAL MARKET
32,283.40
1D -3.03%
YTD -11.30%
4,057.66
1D -3.37%
YTD -15.09%
12,141.71
1D -3.94%
YTD -22.87%
25.56
1D 17.36%
7,427.31
1D -0.70%
YTD 0.33%
12,971.47
1D -2.26%
YTD -18.34%
6,274.26
1D -1.68%
YTD -12.53%
93.92
1D 0.92%
YTD 22.77%
1,737.80
1D -1.79%
YTD -4.56%
US stocks fell sharply on Friday (August 26), after US Federal Reserve Chairman Jerome Powell said in his Jackson Hole Conference speech that the central bank would not back down in the fight against inflation. Ending Friday's session, the Dow Jones Industrial Average fell 1,008.38 points, or 3.03%, to 32,283.40 points, with a rapid decline at the end of the session. The S&P 500 lost 3.37% to 4,057.66 points, and the Nasdaq Composite fell 3.94% to 12,141.71 points.
VIETNAM ECONOMY
3.82%
1D (bps) 5
YTD (bps) 301
5.60%
3.22%
1D (bps) 4
YTD (bps) 221
3.60%
1D (bps) 4
YTD (bps) 160
23,560
1D (%) -0.02%
YTD (%) 2.70%
23,998
1D (%) -0.31%
YTD (%) -9.33%
3,478
1D (%) -0.34%
YTD (%) -4.92%
The SBV will support a 2% interest rate reduction for businesses, cooperatives, business households, disbursement through commercial banks, but those who are supported... However, after 3 months of implementation, this package only nearly 550 customers have been supported, with a supported loan balance of about VND 4,300 billion. The results are still quite limited, due to many reasons from both the borrower and the bank.
VIETNAM STOCK MARKET
1,282.57
1D -0.49%
YTD -14.40%
1,306.81
1D -0.36%
YTD -14.91%
299.50
1D -0.78%
YTD -36.81%
92.88
1D -0.76%
YTD -17.57%
-59.98
19,199.81
1D 6.47%
YTD -38.21%
Domestic individual investors net bought 3,213 billion dong on HoSE in the trading week from August 22-26, this is also the strongest net buying week since mid-March. Domestic individuals were strong net buyers. MSB with a value of up to VND 670 billion. After that, VSC was also strongly net bought with 550 billion dong.
INTRADAY
VN30 (12M)
SELECTED NEWS
- 2% interest rate support package: Many customers refuse because they are afraid to pay, check
- Domestic construction industry grows slowly, large enterprises open overseas markets
- In 8 months, the Ministry of Transport disbursed nearly 44% of the annual plan, higher than the national average
- BoK will continue to raise interest rates until inflation is contained
- IMF: Need to write off debt faster as more countries seek help
- Inflation increases social division in the UK
EVENT CALENDAR
No event for this day
No event for this day
No event for this day
No event for this day
No event for this day
No event for this day
No event for this day
Pinetree Securities Corporation
-
Zalo OA: Chứng khoán Pinetree
-
Fanpage: Chứng khoán Pinetree
-
Youtube channel: Pinetree Securities
The posts are using photos and images from freepik and other free image stock websites.