Morning Brief 23/03/2023 - Pinetree Securities

Morning Brief 23/03/2023
Morning brief March 23, 2023

Morning Brief 23/03/2023

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Morning Brief 23/03/2023

GLOBAL MARKET

DJIA

32,030.11

1D -1.63%

YTD -3.37%

S&P500

3,936.97

1D -1.65%

YTD 2.54%

NASDAQ

11,669.96

1D -1.60%

YTD 11.50%

VIX

22.26

1D 4.12%

FTSE 100

7,566.84

1D 0.41%

YTD 1.54%

DAX

15,216.19

1D 0.14%

YTD 9.28%

CAC40

7,131.12

1D 0.26%

YTD 10.15%

Brent oil ($/barrel)

76.03

1D 1.45%

YTD -11.50%

Gold ($/ounce)

1,971.60

1D 1.23%

YTD 7.96%

Wall Street gyrated to end sharply lower on Wednesday after the U.S. Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting that it was on the verge of pausing future increases in view of recent turmoil in the financial sector. In the Fed's statement, the members of the Federal Open Markets Committee (FOMC) said some additional tightening might be possible, but suggested it was on the verge of pausing future hikes in view of recent turmoil in the financial sector.

VIETNAM ECONOMY

Vnibor

1.60%

1D (bps) -62

YTD (bps) -337

Deposit interest 12M

7.40%

5 year-Gov. Bond

3.82%

YTD (bps) -97

10 year-Gov. Bond

3.90%

1D (bps) -3

YTD (bps) -101

USD/VND

23,705

1D (%) -0.17%

YTD (%) -0.23%

EUR/VND

26,341

1D (%) 0.85%

YTD (%) 2.66%

CNY/VND

3,490

1D (%) -0.11%

YTD (%) 0.14%

Interbank interest rates have fallen to the lowest level within the last 5 months, while deposit rates on market 1 also dropped sharply, showing that banks' liquidity was quite redundant. In early March, SBV Governor Nguyen Thi Hong said that the liquidity of the system was abundant again, exceeding about VND50,000 billion compared to the reserve requirement.

VIETNAM STOCK MARKET

VN-INDEX

1,040.54

1D 0.79%

YTD 3.32%

VN30

1,043.14

1D 0.78%

YTD 3.78%

HNX

203.96

1D 0.42%

YTD -0.66%

UPCOM

75.90

1D 0.30%

YTD 5.93%

Net Foreign buy (B)

194.22

Total trading value (B)

9,795.20

1D 3.89%

YTD 13.69%

In the session of March 22, proprietary traders net sold with a value of more than VND218 billion, of which STB was sold the most with a value of nearly VND38 billion. Conversly, VPB was bought the most with the value of VND19 billion.

INTRADAY

VN30 (12M)

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Ex-right date Sat, 06/15/24

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