Morning brief 15/05/2023
GLOBAL MARKET
DJIA
33,300.62
1D -0.03%
YTD 0.46%
S&P500
4,124.08
1D -0.16%
YTD 7.41%
NASDAQ
12,284.74
1D -0.36%
YTD 17.37%
VIX
17.03
1D 0.59%
FTSE 100
7,754.62
1D 0.31%
YTD 4.06%
DAX
15,913.82
1D 0.50%
YTD 14.29%
CAC40
7,414.85
1D 0.45%
YTD 14.54%
Brent oil ($/barrel)
71.17
1D -5.13%
YTD -17.16%
Gold ($/ounce)
2,011.15
1D -0.36%
YTD 10.13%
Major European markets ended the last session of the week on May 12 in the green, while Wall Street stocks dropped after gaining at the open. Investors hope the Fed will pause its protracted interest rate hike after data showed retail and consumer inflation both continued to decline in April 2023.
VIETNAM ECONOMY
Vnibor
4.91%
1D (bps) 13
YTD (bps) -6
Deposit interest 12M
7.20%
YTD (bps) -20
5 year-Gov. Bond
2.86%
1D (bps) -4
YTD (bps) -193
10 year-Gov. Bond
3.04%
1D (bps) -6
YTD (bps) -186
USD/VND
23,632
1D (%) -0.05%
YTD (%) -0.54%
EUR/VND
26,203
1D (%) -0.60%
YTD (%) 2.12%
CNY/VND
3,439
1D (%) -0.26%
YTD (%) -1.32%
Bad debts of many banks are increasing sharply in months of the beginning the year. The absolute number of bad debts at many banks increased by 50-70% over the same period last year. For the whole system, according to the State Bank's report, the bad debt ratio at the end of February 2023 reached 2.91%, a sharp increase compared to 2% at the end of 2022 and nearly double by the end of 2021 (1.49%).
VIETNAM STOCK MARKET
VN-INDEX
1,066.90
1D 0.93%
YTD 5.94%
VN30
1,066.44
1D 1.09%
YTD 6.09%
HNX
215.10
1D 0.32%
YTD 4.77%
UPCOM
80.05
1D 1.16%
YTD 11.72%
Net Foreign buy (B)
5.37
Total trading value (B)
14,128.82
1D 0.76%
YTD 63.98%
Last week (May 8-12), VN-Index increased 26.59 points compared to the closing level of the previous week. Not only increased in score, order matching liquidity also recorded a strong increase; in which, there was the contribution of foreign investors when they returned to buy VND51 billion.
INTRADAY
VN30 (12M)
SELECTED NEWS
- Reduce taxes, increase business resistance;
- From July 1st 2023: Increase the base salary to VND1.8 million/month;
- Banks worry about increased risks because of debt structure;
- EU considers extending embargo on Russian crude oil;
- The possibility that the US Federal Reserve will raise interest rates for the 11th time;
- China sells US bonds to actively buy gold.
EVENT CALENDAR
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Ex-right date Fri, 12/27/24
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