Morning Brief 20/06/2023
GLOBAL MARKET
34,299.12
1D 0.00%
YTD 3.48%
4,409.59
1D 0.00%
YTD 14.85%
13,689.57
1D 0.00%
YTD 30.79%
14.19
1D 4.80%
7,588.48
1D -0.71%
YTD 1.84%
16,201.20
1D -0.96%
YTD 16.36%
7,314.05
1D -1.01%
YTD 12.98%
75.96
1D 0.34%
YTD -11.58%
1,960.85
1D -0.37%
YTD 7.37%
Oil prices fell on Monday as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Markets also await a testimony from U.S. Federal Reserve Chair Jerome Powell later in the week for future rate clues. Higher rates reduce appetite for spending and can drive oil demand down. The US markets are closed on June 19, 2023 (Juneteenth National Independence Day).
VIETNAM ECONOMY
1.01%
1D (bps) -36
YTD (bps) -396
6.80%
YTD (bps) -60
2.64%
1D (bps) -1
YTD (bps) -215
2.84%
1D (bps) -3
YTD (bps) -206
23,695
1D (%) 0.02%
YTD (%) -0.27%
26,419
1D (%) -0.11%
YTD (%) 2.96%
3,355
1D (%) -0.45%
YTD (%) -3.73%
Abundant liquidity caused interbank interest rates to continue their downward trend. Although the State Bank regularly offers to buy on the OMO channel in two terms of 7 days and 28 days, each term is VND50,000 billion, with an interest rate of 4.5% for the first 4 sessions of the week and reduced to 4% for the last session of the week, but there is no member won the bid.
VIETNAM STOCK MARKET
1,105.40
1D -0.88%
YTD 9.76%
1,098.94
1D -0.91%
YTD 9.33%
226.52
1D -0.84%
YTD 10.33%
84.55
1D -0.08%
YTD 18.00%
-98.15
17,017.52
1D -34.60%
YTD 97.51%
Session 19/6, proprietary traders net sold more than VND330 billion, mainly including ETF Fund Certificates (FUEVFVND VND336.3 billion, FUESSVFL VND52.5 billion), QNS VND39.1 billion, etc.
INTRADAY
VN30 (12M)
SELECTED NEWS
- VASEP proposes a 4-6 month debt extension for seafood businesses;
- Proposing many incentive mechanisms for rooftop solar power;
- Korean media: There will be MOUs signed between the delegation of 205 Korean businesses including chaebols with Vietnam;
- BDI warns the German economy will stagnate in 2023;
- The European Union faces obstacles in its electricity market reform plan;
- China cuts the lending prime rate (LPR) as the economy is weakening.
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