Morning Brief 15/09/2023
GLOBAL MARKET
34,907.11
1D 0.96%
YTD 5.31%
4,505.10
1D 0.84%
YTD 17.34%
13,926.05
1D 0.81%
YTD 33.05%
12.82
1D -4.90%
7,673.08
1D 1.95%
YTD 2.97%
15,805.29
1D 0.97%
YTD 13.51%
7,308.67
1D 1.19%
YTD 12.90%
94.14
1D 1.98%
YTD 9.58%
1,912.67
1D 0.07%
YTD 4.73%
Stocks rallied Thursday afternoon as Wall Street was buoyed by the latest batch of economic data. Producer prices rose 0.7% in August, topping expectations. Retail sales rose 0.6% month over month in August, compared to expectations for a 0.1% increase. Investors also cheered the Nasdaq debut of Arm Holdings. SoftBank's Arm was valued at nearly USD60 billion in a strong Nasdaq debut, with the chip designer's shares soaring nearly 25% in their first day of trading.
VIETNAM ECONOMY
0.16%
YTD (bps) -481
5.50%
1D (bps) -30
YTD (bps) -190
2.11%
1D (bps) -11
YTD (bps) -268
2.45%
1D (bps) -9
YTD (bps) -245
24,400
1D (%) 0.27%
YTD (%) 2.69%
26,510
1D (%) -0.64%
YTD (%) 3.32%
3,399
1D (%) 0.15%
YTD (%) -2.47%
On September 14, Agribank and Vietcombank reduced depost interest rates to 5.5%/year for terms of 12 months or more, currently this is the lowest deposit interest rate on the system. In the first 8 months, deposit interest rates have decreased by 150-250 bsp, depending on the term and have fallen deeper than the State Bank's operating interest rate reduction.
VIETNAM STOCK MARKET
1,223.81
1D -1.18%
YTD 21.52%
1,234.06
1D -1.11%
YTD 22.77%
251.86
1D -1.66%
YTD 22.67%
93.65
1D -0.56%
YTD 30.70%
-184.55
30,768.42
1D -9.51%
YTD 257.11%
On September 14, proprietary traders net sold more than VND629 billion, mainly including NVL VND127 billion, SSI VND99 billion, HPG VND68 billion, etc.
INTRADAY
VN30 (12M)
SELECTED NEWS
- Fruit and vegetable exports to China in August increased nearly three times over the same period;
- The exchange rate increased sharply to 24,400 USD/VND;
- NIM of banks is fluctuating from 3 - 3.5%, there is still room to reduce lending interest rates;
- Bank of America: Oil price could reach over 100 USD/barrel;
- US stocks soared after Arm completed the largest IPO of the year;
- The European Central Bank raised interest rates to a record high.
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