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The hot spot of the stock market on June 17th – June 23: Vietnam and the world stocks together tried to recover

The hot spot of the stock market on June 17th – June 23: Vietnam and the world stocks together tried to recover

[Điểm nóng TTCK tuần 17/06 – 23/06] Chứng khoán Việt Nam và Thế giới cùng nỗ lực hồi phục

Consistent with the world market, Vietnam stock market is still trying to recover …
1. Vietnam stock market tries to recover
Last week, what happened on the electricity board showed that the market had a positive trading week when the VN-Index tried to recover. At the end of the week, VN-Index closed at 959.2 points (+ 0.6%) and HNX-Index closed at 104.84 points (+ 1.35%) compared to the previous week.

[Điểm nóng TTCK tuần 17/06 – 23/06] Chứng khoán Việt Nam và Thế giới cùng nỗ lực hồi phục - Ảnh 1.

VN-Index in recent 3 months

VN-Index had a recovery week compared to the previous week thanks to the good news from the world financial market and the oil price rebounded strongly. The market was more active in the past week when ETFs reversed the portfolio of quarter 2/2019. Along with the prosperity of the common banking group, Bluechips such as BVH, FPT, GAS, REE, VIC, VRE, VHM, PNJ, MWG, VJC, HVN … also all gained, helping the market gaining momentum to be strengthened. sure.

Oil and gas group GAS, PVS, PVD, PVB, PVT, PXS … also attracted good cash flow with the expectation of many large oil and gas projects starting up and supporting business results. Besides, oil price is also recovering strongly, supporting this group of stocks.

The uptrend of the market also spread to market stocks such as securities (SSI, VNM, HCM, …), real estate and construction (CII, DIG, DXG, KDH, NTL, SCR, VGC, NVL …), textiles (TCM, TNG, STK, MSH …).

According to experts VDSC, after the closing date of the second quarter of ETF funds, the VN-Index’s score did not fluctuate much, the sideways trend is the key in the coming time. Investors are focusing on the results of the June meeting between the world’s top two leaders: President Trump and President Xi Jinping.

For derivative CK market, 4 contracts had a “positive” increase in consensus on liquidity in the week’s trading sessions than in the previous week. Last week, all of the 4 HDLs fluctuated quite strongly in the maturity date of June contract with a rather large fluctuation band, as well as a high level of 14-21 points, creating difficulties in decision to push orders. Long / Short investors. It is likely that July contract basis will continue to narrow in the coming week. Currently, the average matched volume of the futures contract market is quite average, reaching 81,800 contracts, respectively.

2. The world stock market simultaneously increased

Last week, the US stock market gained thanks to FED’s view to strengthen investors’ expectation of interest rate cut at the end of this year. The Dow Jones Industrial Average closed at 26,719 points (up 2.34%), the Nasdaq Composite closed at 8,031 points (up 2.71%) and the S&P 500 closed at 2,950 points (up 2.11). %).

Technology stocks have outperformed the market, other sectors such as utility services have also increased well. Meanwhile, the yield of 10-year treasury bonds was trading below 2.0% for the first time since the end of 2016, making the stock more attractive to investors. Oil and gas stocks also had positive movements as tensions escalated between the US and Iran, leading to high oil prices.

European stock markets gained as investors excited because of the ECB’s view on the strengthening of economic stimulus measures. The FTSE 100 index of the UK closed at 7,407 points (up 0.84%), Germany’s DAX 30 index closed at 12,339 points (up 1.87%) and France’s CAC 40 index closed at 5,528 points ( increase 2.94%).

Meanwhile the euro dropped by about 1% against the US dollar during the week. Following ECB President Mario Draghi’s statement, the yield on 10-year German government bonds fell to the lowest level of all time of -0.315%, while France’s 10-year bond yields reached 0%, level lowest ever.

The Japanese stock market also gained points in the week with Nikkei 225 index closing at 21,258 points (up 0.78%). At the end of Friday’s trading session, the yen stood at 107.57 Yen / US dollar, slightly stronger than the previous week. The Bank of Japan’s policy-setting committee (BoJ) has kept its monetary policy unchanged on Thursday, just hours after the Fed became the latest central bank to signal readiness to cut interest rates. before rising threats to global growth.

However, the BoJ did not make any changes to the interest rate policy and maintained the current asset purchase rate. The Japanese Ministry of Finance reported that exports fell 7.8% from last year in May, marking the sixth consecutive monthly decline. Exports of goods to China (Japan’s largest trading partner) fell by about 10%, largely due to a drop in shipments of chip manufacturing equipment, up to nearly 28%. Overall, exports to Asia, which accounts for about half of Japan’s total, fell by more than 12%. Meanwhile, exports to the US increased by more than 3% over the same period in May, thanks to a nearly 10% increase in cars.

The Chinese stock market gained positively during the week, when investors expected the meeting between President Trump and Chinese President Xi Jinping at the upcoming G-20 meeting that will make both countries resume talks. Trade judgement was broken last month. The Shanghai Composite Index closed at 3,001 points (up 4.2%) and the Hang Seng Index closed at 28,473 points (up 4.48%). Sentiment for Chinese stocks also increased after the Fed kept interest rates unchanged and signalled that they were ready to lower short-term interest rates for the first time since 2008.

Vietnam Stock Market Advisory Service