Morning Brief 27/11/2020
GLOBAL MARKET
29,872.47
1D 0.00%
YTD 4.67%
3,629.65
1D 0.00%
YTD 12.35%
12,094.40
1D 0.00%
YTD 34.79%
21.25
6,362.93
1D -0.44%
YTD -15.64%
13,286.57
1D -0.02%
YTD 0.28%
5,566.79
1D -0.08%
YTD -6.88%
26,537.31
1D 0.91%
YTD 12.18%
3,369.73
1D 0.22%
YTD 9.27%
2,625.91
1D 0.94%
YTD 19.49%
26,819.45
1D 0.56%
YTD -5.74%
2,857.48
1D -0.42%
YTD -11.34%
1,433.56
1D 1.26%
YTD -10.28%
45.05
1D -1.81%
YTD -25.84%
1,809.60
1D 0.10%
YTD 19.23%
- European stock markets slumped during the session on November 26 amid concerns of traders about restrictive measures to prevent the spread of COVID-19 acute respiratory infections. Meanwhile, the Wall Street (US) stock market closed for Thanksgiving holiday. London stocks fell 0.4 percent to 6,362.93 points as investors were informed about COVID-19 translation restrictions to be imposed after the current four-week partial blockade. UK's will end next week. Meanwhile, the DAX 30 on the Frankfurt bourse fell less than 0.1% to 13,286.57 points, while the CAC 40 index of the Paris market fell 0.1% to 5,566.79 points. The EURO STOXX 50 composite index edged up 0.1% to 3,516.70 points.
VIETNAM ECONOMY
0.10%
YTD (bps) -133
5.80%
YTD (bps) -70
1.35%
1D (bps) -3
YTD (bps) -264
2.21%
1D (bps) -5
YTD (bps) -249
23,256
1D (%) 0.00%
YTD (%) 0.11%
28,298
1D (%) -0.09%
YTD (%) 6.38%
3,557
1D (%) 0.06%
YTD (%) 4.74%
- New tax regulations do not drive growth. In 6M2020, Vietnam's GDP growth was only 1.82%, in Q3, Vietnam's economy gradually recovered and reached 2.62%. According to forecasts, GDP growth in Q.4 will be from 3.3-3.5% for the whole year to reach 2.8-3%. This also means that the income of the business in Q4 will increase strongly and according to Decree 126/2020, the enterprise may be fined for this.
VIETNAM STOCK MARKET
1,005.97
1D 0.60%
YTD 4.68%
964.16
1D 0.37%
YTD 9.68%
148.40
1D 0.21%
YTD 44.77%
66.50
1D -0.15%
YTD 17.60%
-462.70
11,978.21
1D -3.16%
YTD 242.23%
- Foreign investors' trade was not very positive as they had the 2nd net selling session in a row with the value of 463 billion dong. The selling focused on Bluechips such as HDB (-299 billion dong), HPG (-157.3 billion dong) …
CHANGE IN PRICE BY SECTOR
INTRADAY VNINDEX
VNINDEX (12M)
SELECTED NEWS
- The Prime Minister decided to grant VND 670 billion to the locality to overcome the consequences of storms and floods
- European companies in Vietnam are most optimistic since the epidemic
- VASEP: Pangasius export is on the rise again
- France is about to collect service tax on the number of technology giants
- China issued strict regulations, the ambition of a series of "big men" fintech was stopped
- Bad debt crisis in India creates opportunities for foreign banks
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