Morning brief 08/09/2022 - Pinetree Securities
Morning brief 08/09/2022
Morning brief September 8, 2022

Morning brief 08/09/2022

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Morning brief 08/09/2022

GLOBAL MARKET

DJI

31,581.28

1D 1.40%

YTD -13.23%

S&P500

3,979.87

1D 1.83%

YTD -16.72%

NASDAQ

11,791.90

1D 2.14%

YTD -25.09%

VIX

24.64

1D -8.44%

FTSE 100

7,237.83

1D -0.86%

YTD -2.23%

DAX

12,915.97

1D 0.35%

YTD -18.69%

CAC40

6,105.92

1D 0.02%

YTD -14.88%

Crude oil ($/barrel)

82.72

1D -4.15%

YTD 8.13%

Gold ($/ounce)

1,727.00

1D 1.23%

YTD -5.15%

US stocks recovered impressively in the context of both government bond yields and head prices falling, reducing investors' concerns about high inflation. Accordingly, the Dow Jones Industrial Average rose 435.98 points, or 1.4%, to 31,581.28 points. The S&P 500 index rose 1.83% to 3,979.87. The Nasdaq Composite Index rose 2.14% to 11,791.9 points, ending a seven-day losing streak, the longest since 2016.

VIETNAM ECONOMY

Vnibor

5.21%

1D (bps) 79

YTD (bps) 440

Deposit interest 12M

5.60%

5 year-Gov. Bond

3.33%

YTD (bps) 232

10 year-Gov. Bond

3.76%

1D (bps) 14

YTD (bps) 176

USD/VND

23,740

1D (%) 0.32%

YTD (%) 3.49%

EUR/VND

24,311

1D (%) 1.33%

YTD (%) -8.15%

CNY/VND

3,458

1D (%) 0.14%

YTD (%) -5.47%

Moody's has just upgraded Vietnam's rating from Ba3 to Ba2, with a stable outlook. The company explained that the ranking upgrade reflects Vietnam's growing economic strength compared to other countries in the same group. Resilience to external macroeconomic shocks has also improved. These results show that the effectiveness of the policy has been enhanced.

VIETNAM STOCK MARKET

VN-INDEX

1,243.17

1D -2.68%

YTD -17.03%

VN30

1,268.95

1D -2.32%

YTD -17.37%

HNX

284.05

1D -3.14%

YTD -40.07%

UPCOM

90.38

1D -1.37%

YTD -19.79%

Net Foreign buy (B)

-448.19

Total trading value (B)

23,965.31

1D 45.16%

YTD -22.87%

On HoSE, foreign investors continued to net sell VND448 bil (up 66% compared to the previous session), corresponding to a net selling volume of more than 13 mil shares. This is also the 7th consecutive net selling session with a total value of VND1,750 bil. VND were the strongest net selling stock on HoSE with VND75 bil. Meanwhile, HDB was the strongest net bought with VND46 bil.

INTRADAY

VN30 (12M)

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Ex-right date Sun, 12/04/22

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