Morning Brief 28/02/2023 - Pinetree Securities

Morning Brief 28/02/2023
Morning brief February 28, 2023

Morning Brief 28/02/2023

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Morning Brief 28/02/2023

GLOBAL MARKET

DJIA

32,889.09

1D 0.22%

YTD -0.78%

S&P500

3,982.24

1D 0.31%

YTD 3.72%

NASDAQ

11,466.98

1D 0.63%

YTD 9.56%

VIX

20.95

1D -3.32%

FTSE 100

7,935.11

1D 0.72%

YTD 6.49%

DAX

15,381.43

1D 1.13%

YTD 10.47%

CAC40

7,295.55

1D 1.51%

YTD 12.69%

Brent oil ($/barrel)

82.12

1D -0.74%

YTD -4.41%

Gold ($/ounce)

1,824.80

1D 0.29%

YTD -0.08%

U.S. stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week's losses, the biggest percentage declines of 2023 for Wall Street's main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation. Tesla (TSLA.O) jumped 5.46% after the electric automaker said its plant in Brandenburg near Berlin was producing 4,000 cars a week, three weeks ahead of schedule.

VIETNAM ECONOMY

Vnibor

5.83%

1D (bps) -19

YTD (bps) 86

Deposit interest 12M

7.40%

5 year-Gov. Bond

4.05%

1D (bps) 5

YTD (bps) -74

10 year-Gov. Bond

4.25%

1D (bps) -4

YTD (bps) -65

USD/VND

23,995

1D (%) 0.10%

YTD (%) 0.99%

EUR/VND

26,006

1D (%) 0.60%

YTD (%) 1.35%

CNY/VND

3,501

1D (%) 0.29%

YTD (%) 0.46%

The Fed estimates it will raise the key interest rate to 5.1%, more than it previously projected. When many countries simultaneously raise interest rates, it is difficult for Vietnam to go against the trend, so it is likely that the SBV will continue to raise interest rates to stabilize the exchange rate. Therefore, pressure on domestic interest rates may last until the second quarter of this year.

VIETNAM STOCK MARKET

VN-INDEX

1,021.25

1D -1.76%

YTD 1.41%

VN30

1,011.46

1D -1.84%

YTD 0.62%

HNX

203.27

1D -1.95%

YTD -0.99%

UPCOM

75.85

1D -1.15%

YTD 5.86%

Net Foreign buy (B)

-658.70

Total trading value (B)

10,690.27

1D 39.23%

YTD 24.08%

Session 27/02, proprietary traders net bought VND102.9 billion. MBB is the most bought with a nearly of VND23 billion. Conversely, MIG is the most sold with a value of VND14.3 billion.

INTRADAY

VN30 (12M)

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Ex-right date Tue, 06/25/24

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