Buying and selling struggled, liquidity “broke the ground”; Bitcoin value higher to 100,000 USD
– Gold value: SJC gold bars and gold rings proceed to extend in keeping with global costs
International gold costs on January 17 soared above the two,700 USD/ounce mark as buyers’ want for a protected haven higher within the context of monetary knowledge striking force on the upward thrust of US bond yields. and the USD depreciates. Regionally, SJC gold bar costs persisted to extend, buying and selling at 87.3 million VND/tael, SJC gold rings traded at 86.7 million VND/tael.
At the morning of January 17, within the home marketplace, gold costs higher in the similar route as global gold value actions, SJC gold bar value traded at 87.3 million VND/tael.
Particularly, at 8:30 a.m. on January 17, Saigon Jewellery Corporate (SJC) indexed the purchasing and promoting value of SJC gold bars at 85.3-87.3 million VND/tael. , stood nonetheless in comparison to the former consultation’s shut. Purchase-sell distinction is two million VND/tael.
Worth of SJC 9999 gold ring purchased at 85 million VND/tael, offered at 86.7 million VND/tael, an building up of 200,000 VND in comparison to the ultimate consultation on January 16.
DOJI gold bar value in Hanoi and Ho Chi Minh Town purchased at 85.3 million VND/tael and offered at 87.3 million VND/tael. This logo lists the purchasing and promoting value of Doji Hung Thinh Vuong 9999 gold ring at 85.3-86.8 million VND/tael.
PNJ gold purchased at 85.2 million VND/tael and offered at 87 million VND/tael, unchanged from the former consultation.
As of 8:30 a.m. January 17 (Vietnam time), the arena gold value higher through 15.5 USD in comparison to the former consultation to two,712.4 USD/ounce.
International gold costs at the morning of January 17 persisted to extend, anchoring on the best possible stage in additional than a month after the most recent US financial knowledge persisted to place extra force on US Treasury bond yields and weaken the USD. cut price.
Treasury yields abruptly fell after a stretch of positive factors, buying and selling close to a one-week low following knowledge on retail gross sales, unemployment claims and import costs.
Particularly, in keeping with america Division of Exertions, the choice of preliminary programs for unemployment advantages higher to a seasonally adjusted stage of 217,000, upper than the forecast of 210,000 programs within the week finishing January 11.
Mavens say that buyers will have to intently observe the activity marketplace as a result of if the activity marketplace weakens, america Federal Reserve (FED) will probably be compelled to chop rates of interest, irrespective of inflation knowledge. .
In the past, the Shopper Worth Index file confirmed {that a} slight lower in inflation has higher expectancies that the FED will reduce rates of interest extra this yr.
The marketplace these days expects the FED to chop rates of interest through 37 foundation issues through the tip of the yr, in comparison to about 31 issues sooner than the inflation knowledge got here out.
Exinity Staff marketplace analyst Han Tan stated that so long as marketplace members handle expectancies of the Fed chopping rates of interest in 2025, gold will to find itself in an atmosphere with many components. reinforce issue.
At the morning of January 17, the USD-Index dropped to 108.91 issues; 10-year US Treasury bond yield diminished to 4.607%; US shares fell after 3 consecutive gaining classes; Oil costs slipped from their 6-month height, buying and selling at $81.53/barrel for Brent oil and $78.22/barrel for WTI oil.
– 100 lots of unpolluted Chilean cherries entered Co.opmart and Co.opXtra to rejoice Vietnamese Tet
From January 14 to January 28, 2025, the device of gross sales issues of Ho Chi Minh Town Industry Cooperative Union (Saigon Co.op) contains Co.opmart, Co.opXtra, Co.op Meals and Finelife The entire nation organizes cherry gala’s imported formally from the Republic of Chile. Accordingly, 100 lots of Chilean cherries are traded at a value of 199,000 VND/1 kg; This value is 20 – 30% less than the marketplace and is to be had completely on the device till the tip of this system. The product is superbly packaged, with many weights for purchasers to choose between: from 300 gr to two.5kg, 5kg; The grocery store additionally flexibly presentations for purchasers to proactively make a choice cherries as they need.
To be at the cabinets of Co.opmart, Co.opXtra, Co.op Meals, Finelife, sooner than achieving shoppers, Chilean cherries have passed through strict high quality tests: from prison paperwork, high quality information. amount of products, paperwork proving foundation and high quality regulate on the distribution heart warehouse and at each and every level of sale. The buying energy of Chilean cherries was once very prime proper at first of its release, statistics confirmed that greater than 20 lots had been fed on in the marketplace.
Mr. Vo Tran Ngoc – Gross sales Director of Saigon Co.op shared “We steadily coordinate with business counselors from different international locations in Vietnam, appearing as a business bridge to seek out assets of high quality, constant items. Thru that, we search for companions to export Vietnamese items in a foreign country, assist advertise and to find alternatives to deliver Vietnamese items to global markets. These days’s Chilean cherry pageant is among the actions of this plan. After as of late’s tournament, Saigon Co.op will even have a detailed operating consultation with Chile to advertise proceeding to arrange actions to introduce merchandise from the 2 international locations to Chilean and Vietnamese shoppers.” .
– Buying and selling is annoying, liquidity “breaks the ground”
The nearer it will get to the time of Lunar New 12 months, the extra investor sentiment sags. This morning, HoSE liquidity fell to a brand new document low of VND 2,945.6 billion, less than the ground of the morning consultation on January 9 with VND 2,949 billion. With such deficient liquidity, value fluctuations aren’t extremely dependable…
The nearer it will get to the time of Lunar New 12 months, the extra investor sentiment sags. This morning, HoSE liquidity fell to a brand new document low of VND 2,945.6 billion, less than the ground of the morning consultation on January 9 with VND 2,949 billion. With such deficient liquidity, value fluctuations aren’t extremely dependable.
Many of the morning consultation of January 17, VN-Index hovered within the purple zone, however the amplitude of the decline in each inventory costs and the index was once now not sturdy. At its weakest, the index handiest diminished through 2.7 issues, the width on the backside additionally struggled with 112 expanding codes/157 lowering codes. Last the morning consultation, VN-Index higher fairly through 0.42 issues and had 180 codes expanding/158 codes lowering.
The cost amplitude, each expanding and lowering, is deficient. The large benefit belongs to shares with low liquidity. HPX, YEG, TYA, TMT hit the ceiling with sporadic transactions of a couple of billion to greater than tens of billions of dong. Within the workforce with a value building up of over 2%, the most efficient liquidity is VTP, which handiest reaches lower than 53 billion VND, the remainder are just a few tens of billion VND. BDB, BFC, HDC, PVD traded maximum actively.
Alternatively, total, the cost building up workforce continues to be awesome to the cost lower workforce. The breadth reversed to lean in opposition to the golf green, of which 62 codes higher greater than 1% and accounted for twenty-four.8% of the entire matched price on HoSE. At the drawback, there have been handiest 40 codes down greater than 1%, the overwhelming majority had very low liquidity. Total, this workforce of sharp declines handiest accounts for approximately 2.1% of flooring liquidity. CNG diminished 4.17% to 21.7 billion and SAB diminished 1.11% to 16.4 billion as probably the most important.
Thus, nearly all of shares at the morning of January 17 handiest fluctuated very narrowly. Normal liquidity dropped to a brand new document low, appearing that value fluctuations have low reliability when many shares will have erratic value adjustments with handiest small buying and selling orders.
The low liquidity scenario is not anything particular within the duration main as much as Tet, however it’s these days at a notable stage. The present marketplace has no transparent motivation for money waft to concentrate. Many of the reactions to data, if any, will seem throughout the Tet vacation duration in Vietnam’s inventory marketplace. Subsequently, data dangers are value taking into consideration.
An evident signal is that buying and selling in blue-chip shares could be very vulnerable. The entire matched price of the VN30 basket this morning handiest reached 1,014 billion VND. Doing a small comparability, you’ll be able to see the adaptation: Most effective the crowd of banking shares within the VN30 basket the day gone by matched greater than 2,100 billion VND. FPT is these days the one inventory in all the marketplace with an identical price exceeding 100 billion VND. Too small transactions within the VN30 basket verify that enormous money flows also are preventing motion. Worth fluctuations on this workforce also are fluctuating like the entire marketplace, so VN-Index fluctuates inside of a slender vary. VN30-Index closed the morning consultation down 0.07% with 7 codes expanding/17 codes lowering, however with the exception of for SAB, which diminished 1.11%, the remainder was once insignificant. At the upside, BVH higher through 1.56%, GVR higher through 1.23%, the remainder is not anything exceptional.
Maximum blue-chip shares, which can be the mainstay of the marketplace, are buying and selling within the doldrums. The VN30 index, representing this workforce of shares, closed the morning consultation with a slight lower, reflecting pressure and indecision. With huge money flows out of the sport, small fluctuations in transactions of banking, actual property, and generation shares aren’t sufficient to modify the location.
International buyers additionally considerably lowered their buying and selling depth at the morning of January 17 however nonetheless offered extra. The online stage on HoSE is set -376.4 billion VND with outstanding offered codes being FPT -52.6 billion, HPG -48.8 billion, STB -28.7 billion, VHM -25.7 billion, CTG – 23.6 billion. The consumer with out shares can internet purchase as much as 10 billion VND.
– Bitcoin value higher to 100,000 USD
Certain inflation figures and the inauguration of President Donald Trump going down on January 20 have stimulated Bitcoin’s pleasure.
Consistent with knowledge from CoinMarketCap, after breaching the $90,000 mark on January 13, Bitcoin value regularly recovered and returned to the $100,000 threshold on January 17. Up to now 7 days by myself, Bitcoin’s marketplace value has higher through 8%, thereby bringing marketplace capitalization to the $2,000 billion mark.
Now not handiest Bitcoin, many different cryptocurrencies additionally recovered strongly after the hot shaking. Even some main virtual currencies similar to XRP recorded an building up of 44% in 7 days and become the cryptocurrency with the 3rd greatest capitalization on the planet.
Consistent with Bloomberg, Bitcoin’s upward momentum has had an important contribution from US inflation figures. That is the root for buyers to give a boost to expectancies for the following rate of interest reduce from the Federal Reserve (Fed) in July.
As well as, the impending inauguration of President-elect Donald Trump additionally provides buyers self belief in open insurance policies in opposition to the cryptocurrency business.
Alternatively, speculators also are taking into consideration the dangers from President Trump’s tariff and immigration insurance policies.
– TPBank’s benefit in 2024 will increase through 36%
TPBank accomplished pre-tax benefit of just about VND 7,600 billion in 2024, an building up of 36% in comparison to the former yr. Of which, non-interest revenues, principally from products and services, higher through greater than 47%.
Tien Phong Business Joint Inventory Financial institution (TPBank, TPB) has simply introduced initial industry effects for 2024, with enlargement following the route of sustainable construction.
In 2024, this financial institution will reach pre-tax benefit of just about 7,600 billion VND, an building up of 36% in comparison to 2023 and exceeding the plan. Go back on fairness ratio (ROE) maintained above 17%. On the finish of the yr, overall financial institution property exceeded VND 418,000 billion, an building up of 17%, with constitution capital higher to VND 26,420 billion.
TPBank’s capital adequacy ratio (CAR) as of November 2024 reached 14%, upper than the minimal requirement of Basel III (10.5%), appearing that the financial institution is prepared to stand dangers and handle long-term monetary balance.
A metamorphosis in TPBank’s benefit construction is to cut back dependence on credit score and turn to a multi-service industry type. The shift helped TPBank’s non-interest revenues building up sharply. This financial institution’s working source of revenue in 2024 will succeed in greater than 18,000 billion VND, an building up of eleven%, of which source of revenue from products and services will building up through 47.5%, achieving greater than 3,360 billion VND.
The prime building up in provider income, in keeping with TPBank, comes from the improvement of virtual products and services, from lending, insurance coverage to bills, making a significant contribution to charge income.
By means of the tip of 2024, this financial institution’s exceptional credit score steadiness, together with buyer loans and company bonds, will succeed in VND 261,500 billion, an building up of greater than 20% in comparison to the former yr and in addition upper than the banking business moderate. The credit score portfolio spans many fields, similar to building, telecommunications, power, prescribed drugs, import and export.