Enterprise Information 17/8: Gold value: combined fluctuations
VN-Index ended the week with an in depth improve, surpassing the 1,250 level zone after the current collection of “shakes”, and money circulate has since turn into extra excited, reaching the edge of 23,000 billion VND.
The inventory market ended the week (August 16) with a “shiny” efficiency after a protracted collection of current changes, money circulate elevated to over 23,000 billion VND, many buyers have been excited and returned to the market.
Actually, optimistic developments appeared proper from the start of the morning session on August 16, VN-Index skyrocketed 20 factors after the morning session, after the lunch break, the index continued to extend, bringing the entire improve to twenty-eight.67 factors (+2.34%).
VN-Index closed the week at 1,252.23 factors, returning to the 1,250 level threshold after 2 weeks of “dancing”.
“Inexperienced” unfold all through the market, increasing throughout sectors with 413 shares rising (28 shares “hit the ceiling”), 41 shares reducing (1 inventory “hit the ground”), and 39 shares remaining unchanged.
The “shiny spot” of the session on August 16 was improved liquidity, which practically doubled in comparison with the common stage of the previous month. On the finish of the session on August 16, liquidity stood at a formidable stage of about VND 23,000 billion.
Money circulate recovered with the concentrate on two teams: Actual Property and Securities. By which, essentially the most distinguished is Actual Property with “purple coloration” spreading throughout many codes: DXG (Dat Xanh Actual Property, HOSE), PDR (Phat Dat Actual Property, HOSE), NVL (Novaland, HOSE), DIG (DIC Group, HOSE),…
The pillar shares, belonging to the “VN30” basket, led the market, attaining a formidable improve of 26.36 factors (+2.08%) with 29 shares rising and only one inventory remaining unchanged.
MWG (Cellular World, HOSE) elevated sharply by 4.7% amid sturdy international shopping for, essentially the most optimistic affect on right this moment’s index.
Subsequent are the shares from banking, retail, and securities: LPB (LPBank, HOSE), MBB (MBBank, HOSE), FPT (FPT, HOSE), ACB (ACB, HOSE), NVL (Novaland, HOSE), SSI (SSI Securities, HOSE),…
Overseas buyers broke the 5-session internet shopping for streak after they returned to internet promoting of over 70 billion. VHM (Vinhomes, HOSE) was offered for 316 billion VND, HPG (Hoa Phat, HOSE) and TCB (Techcombank, HOSE) have been offered for 169 billion and 108 billion VND respectively. Quite the opposite, MWG (Cellular World, HOSE) was the one code that was collected for 100 billion.
– A market spends 1.42 billion USD shopping for Vietnamese rice
The Philippines is a market that spent greater than 1.42 billion USD to import 2.31 million tons of rice from Vietnam, up 19.4% in quantity and 44.4% in worth over the identical interval final yr.
In response to preliminary statistics from the Basic Division of Customs, in July 2024, Vietnam’s rice exports reached 751,093 tons, equal to 451.77 million USD, up 46.3% in quantity and 39.7% in worth in comparison with June 2024.
Within the first 7 months of 2024, rice exports elevated by 8.3% in quantity and 27.7% in worth, with an output of practically 5.3 million tons, equal to just about 3.34 billion USD.
The typical export value of rice previously 7 months reached 630.2 USD/ton, up 18% over the identical interval.
The market that buys essentially the most Vietnamese rice is the Philippines. Prior to now 7 months, companies have exported greater than 2.31 million tons, price over 1.42 billion USD to this market, up 19.4% in quantity and 44.4% in worth.
– Worldwide container freight charges are about to lower
Within the newest report despatched to the Ministry of Transport on worldwide container transport costs, the Vietnam Maritime Administration stated that freight charges will progressively lower from the start of July 2024.
In response to the Vietnam Maritime Administration, in comparison with the identical interval final month, by mid-August, freight charges had decreased on all routes, most strongly on the Asia-US west coast and Europe routes (down about 20-30%). Freight charges on different transport routes additionally decreased by about 15-25%.
At present, the value is down 44% in comparison with the height value within the historical past of the pandemic (September 2021) and is predicted to proceed to lower within the coming time.
At present, fares have been diminished on all routes. The largest reductions are on the Asia to US West Coast and Europe routes with a discount of about 20-30%.
On common, freight charges lower by about 3-4% every week in comparison with the earlier week. It’s forecasted that freight charges will proceed to lower within the coming time as a result of some optimistic impacts from the market and the congestion phenomenon at some main ports has now not occurred.