Morning brief 16/08/2022 - Pinetree Securities
Morning brief 16/08/2022
Morning brief August 16, 2022

Morning brief 16/08/2022

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Morning brief 16/08/2022

GLOBAL MARKET

DJI

33,912.44

1D 0.45%

YTD -6.83%

S&P500

4,297.14

1D 0.40%

YTD -10.08%

NASDAQ

13,128.05

1D 0.62%

YTD -16.60%

VIX

19.95

1D 2.15%

FTSE 100

7,509.15

1D 0.11%

YTD 1.43%

DAX

13,816.61

1D 0.15%

YTD -13.02%

CAC40

6,569.95

1D 0.25%

YTD -8.41%

Crude oil ($/barrel)

88.53

1D -2.98%

YTD 15.73%

Gold ($/ounce)

1,793.80

1D -0.95%

YTD -1.48%

US stocks rose in the first session of the week, continuing the upward momentum from many previous weeks. The Dow Jones Industrial Average rose 151.39 points, or 0.45%, to 33,912.44 points. The S&P 500 index rose 0.4 percent to 4,297.14 points. The Nasdaq Composite Index rose 0.62% to 13,128.05. For the first time since April 20, the Dow Jones Industrial Average closed above the 200-day moving average, an important indicator of the possibility of a rally in the near future.

VIETNAM ECONOMY

Vnibor

3.30%

1D (bps) -68

YTD (bps) 249

Deposit interest 12M

5.60%

5 year-Gov. Bond

3.22%

1D (bps) -1

YTD (bps) 221

10 year-Gov. Bond

3.60%

YTD (bps) 160

USD/VND

23,545

1D (%) 0.01%

YTD (%) 2.64%

EUR/VND

24,495

1D (%) -0.87%

YTD (%) -7.45%

CNY/VND

3,525

1D (%) -0.25%

YTD (%) -3.64%

Lending activity grew strongly, causing most banks to have exhausted their temporarily granted credit limits from the beginning of the year, even somes ran out of 'rooms' from the beginning of the 2nd quarter. The data shows that credit growth slowed down in the 2nd quarter when it only increased by 3.38%, much lower than the growth rate of 5.97% in the 1st quarter. Lending activity slowed down causing banks to have to promote sales of other products and services to maintain revenue.

VIETNAM STOCK MARKET

VN-INDEX

1,274.20

1D 0.94%

YTD -14.96%

VN30

1,293.79

1D 1.00%

YTD -15.75%

HNX

303.97

1D 0.18%

YTD -35.87%

UPCOM

92.64

1D -0.22%

YTD -17.78%

Net Foreign buy (B)

93.87

Total trading value (B)

17,838.34

1D 16.65%

YTD -42.59%

Bank stocks broke out, VN-Index increased by nearly 12 points with stable liquidity. Liquidity on HOSE increased by 19% compared to the previous session with matched value of VND15,508 bil. The most prominent was BID with a breakthrough of 4.6%. Besides, a series of representatives also made great contributions to leading the index such as CTG, MWG, SHB, FPT.

INTRADAY

VN30 (12M)

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Ex-right date Sun, 12/04/22

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