Morning Brief 30/05/2023 - Pinetree Securities

Morning Brief 30/05/2023
Morning brief May 30, 2023

Morning Brief 30/05/2023

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Morning Brief 30/05/2023

GLOBAL MARKET

DJIA

33,093.34

1D 0.00%

YTD -0.16%

S&P500

4,205.45

1D 0.00%

YTD 9.53%

NASDAQ

12,975.69

1D 0.00%

YTD 23.97%

VIX

17.46

1D -2.73%

FTSE 100

7,627.20

1D 0.00%

YTD 2.35%

DAX

15,952.73

1D -0.20%

YTD 14.57%

CAC40

7,303.81

1D -0.21%

YTD 12.82%

Brent oil ($/barrel)

77.28

1D -0.27%

YTD -10.05%

Gold ($/ounce)

1,961.80

1D -0.09%

YTD 7.43%

Oil prices fell slightly on Tuesday. Investors are watching for China's manufacturing and services data this week as well as U.S. nonfarm payroll data on Friday for signals on economic growth and oil demand. U.S. energy firms cut rigs for a fourth week in a row, with oil rigs down by five to 570 last week to their lowest since May 2022, energy services firm Baker Hughes Co (BKR.O) said in its weekly report on Friday. U.S. stock markets closed in observance of Memorial Day on Monday, May 29.

VIETNAM ECONOMY

Vnibor

3.97%

1D (bps) -11

YTD (bps) -100

Deposit interest 12M

7.20%

YTD (bps) -20

5 year-Gov. Bond

2.81%

1D (bps) -3

YTD (bps) -198

10 year-Gov. Bond

3.06%

1D (bps) -1

YTD (bps) -184

USD/VND

23,645

1D (%) -0.03%

YTD (%) -0.48%

EUR/VND

25,891

1D (%) -0.10%

YTD (%) 0.90%

CNY/VND

3,389

1D (%) -0.15%

YTD (%) -2.75%

From March to now, the State Bank of Vietnam has reduced the operating interest rate three times from 0.5 to 1 percentage point each time, however, credit growth has not shown a positive signal. At the end of April, credit growth of the banking system reached 2.75% compared to the end of 2022, but credit growth over the same period only reached 9.3%, much lower than the growth target of 14%- 15% by 2023.

VIETNAM STOCK MARKET

VN-INDEX

1,074.98

1D 1.05%

YTD 6.74%

VN30

1,069.77

1D 0.84%

YTD 6.42%

HNX

220.31

1D 1.23%

YTD 7.31%

UPCOM

81.13

1D 0.68%

YTD 13.23%

Net Foreign buy (B)

133.47

Total trading value (B)

16,243.03

1D 22.98%

YTD 88.52%

Session 29/5, proprietary traders net bought a value of more than VND338 billion, mainly net buying of EIB (VND238 billion), BID (VND34 billion). In contrast, DNP was sold the most with a value of VND27.56 billion.

INTRADAY

VN30 (12M)

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Ex-right date Thu, 04/18/24

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