Morning Brief 27/11/2020 - Pinetree Securities
Morning Brief 27/11/2020
Morning brief November 27, 2020

Morning Brief 27/11/2020

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Morning Brief 27/11/2020

GLOBAL MARKET

DJI

29,872.47

1D 0.00%

YTD 4.67%

S&P500

3,629.65

1D 0.00%

YTD 12.35%

NASDAQ

12,094.40

1D 0.00%

YTD 34.79%

VIX

21.25

FTSE 100

6,362.93

1D -0.44%

YTD -15.64%

DAX

13,286.57

1D -0.02%

YTD 0.28%

CAC40

5,566.79

1D -0.08%

YTD -6.88%

Nikkei

26,537.31

1D 0.91%

YTD 12.18%

Shanghai

3,369.73

1D 0.22%

YTD 9.27%

Kospi

2,625.91

1D 0.94%

YTD 19.49%

Hang Seng

26,819.45

1D 0.56%

YTD -5.74%

STI (Singapore)

2,857.48

1D -0.42%

YTD -11.34%

SET (Thailand)

1,433.56

1D 1.26%

YTD -10.28%

Crude oil ($/barrel)

45.05

1D -1.81%

YTD -25.84%

Gold ($/ounce)

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

Vnibor

0.10%

YTD (bps) -133

Deposit interest 12M

5.80%

YTD (bps) -70

5 year-Gov. Bond

1.35%

1D (bps) -3

YTD (bps) -264

10 year-Gov. Bond

2.21%

1D (bps) -5

YTD (bps) -249

USD/VND

23,256

1D (%) 0.00%

YTD (%) 0.11%

EUR/VND

28,298

1D (%) -0.09%

YTD (%) 6.38%

CNY/VND

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

VN-INDEX

1,005.97

1D 0.60%

YTD 4.68%

VN30

964.16

1D 0.37%

YTD 9.68%

HNX

148.40

1D 0.21%

YTD 44.77%

UPCOM

66.50

1D -0.15%

YTD 17.60%

Net Foreign buy (B)

-462.70

Total trading value (B)

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)

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