Morning Brief 16/09
GLOBAL MARKET
27,995.60
1D 0.01%
YTD -1.90%
3,401.20
1D 0.52%
YTD 5.27%
11,190.32
1D 1.21%
YTD 24.72%
25.59
6,105.54
1D 1.32%
YTD -19.05%
13,217.67
1D 0.18%
YTD -0.24%
5,067.93
1D 0.32%
YTD -15.23%
23,454.89
1D -0.44%
YTD -0.85%
3,295.68
1D 0.51%
YTD 6.87%
2,443.58
1D 0.65%
YTD 11.19%
24,732.76
1D 0.38%
YTD -13.07%
2,485.83
1D -0.17%
YTD -22.87%
1,286.18
1D 1.09%
YTD -19.51%
38.54
1D 3.24%
YTD -36.56%
1,961.60
1D -0.24%
YTD 29.25%
U.S. stocks closed higher as gains in technology shares helped offset a late slide in financials. Crude oil pushed higher, while the dollar was little changed. The S&P 500 rose for a third consecutive trading session, led by communication services, real estate and consumer discretionary shares. JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. pushed financials into the red. In Europe, Hennes & Mauritz AB led a rally among fashion retailers after beating profit estimates. Investors in Germany unexpectedly raised their expectations for the country’s economy. Asian stocks look set for a muted start to trading Wednesday as investors await a Federal Reserve meeting to gauge the extent of central bank support for the economic recovery.
VIETNAM ECONOMY
0.14%
YTD (bps) -129
6.00%
YTD (bps) -50
1.66%
YTD (bps) -233
2.76%
1D (bps) -2
YTD (bps) -194
23,270
1D (%) 0.00%
YTD (%) 0.17%
28,254
1D (%) 0.18%
YTD (%) 6.21%
3,456
1D (%) 0.70%
YTD (%) 1.77%
Vietnam is the third largest cotton importer in the world with a consumption of 1.5 million tons/year, of which more than 800,000 tons is imported from the US (accounting for 60% of total import volume). The whole textile and garment industry has exported US $ 19 billion in 8months, down 13.5% over the same period. In 2020, the export target of Vietnam's textile and garment industry is 40 billion USD, but it is estimated that it can only reach 32 billion USD due to lack of orders.
VIETNAM STOCK MARKET
896.26
1D 0.19%
YTD -6.74%
833.33
1D 0.13%
YTD -5.20%
127.93
1D 0.39%
YTD 24.80%
59.56
1D 0.25%
YTD 5.32%
-369.00
7,707.43
1D 4.88%
YTD 120.21%
Foreign investors net sold 369 billion dong. In which, the net selling force focused on VHM, VNM, and VCB on HOSE. SHB, BVS were the stocks that were sold the most on the HNX. Both VN-Index and HNX-Index had the 3rd gaining session with the support of liquidity.
CHANGE IN PRICE BY SECTOR
INTRADAY VNINDEX
VNINDEX (12M)
SELECTED NEWS
- Vietnam's super-rich could increase by as much as 430% between 2014 and 2024.
- As end of August, credit increased by 4.23%, much lower than the 8.16% increase in the eight months of 2019
- Reconnect international commercial flights with Japan, Korea, Taiwan, Cambodia and Laos, and shorten the quarantine time with the twice negative.
- China’s paper win at WTO doesn’t dissuade Trump from Trade War
- U.K. Loses 700,000 Jobs to Pandemic as Aid Pressure Mounts
- According to ADB, GDP of Asia will decrease by 0.7% in 2020, lower than forecast in June 2020 of 0.1% decrease.
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