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Global stocks remained in green but trading started to struggle. The European Central Bank raised the interest rate on the main refinancing operations by 50 bps to 3.0% during its February meeting, pushing up borrowing costs to the highest level since late 2008. In addition, The Bank of England voted by a majority of 7-2 to raise interest rates by 50 basis points to 4.0 percent. Domestic stocks balance at short-term support. According to a report from the Ministry of Finance, as of January 31, more than VND 600,000 billion of public investment capital in 2023 has been allocated, which will disburse more than VND 63,000 billion for the North-South expressway.   Domestic and international news Message from the Fed meeting in February 2023 Update Business Results #DGW #VJC #ACV #VTP #QNS #IDC #VGT  Technical view and recommendations  

The health of the manufacturing sector is still in solid deterioration when the index of industrial production (IIP) in January decreased by 8%YoY and the PMI, although increased slightly to 47.4, was still below the threshold of 50. Retail sales increased strongly by 20%YoY in Jan but still lower than pre-pandemic scale, indicating the room for growth remains.  Inflation of Jan increased hot by 4.89%YoY, core inflation even grew higher by 5.21%YoY, challenging the inflation target of 4.5% in 2023. Therefore, we believe that the monetary policy will still prioritize inflation control target and another increase of interest rate by SBV will come soon.

- The stock market rallied today. Most stocks traded in the green. The VN-Index fluctuated around reference, although the stock market rallied the gain was less than 2 points. - At the end of the session, the VN-Index gained 1.62 points (+0.15%), reaching 1,077.59 points; In contrast, HNX-Index dropped 0.70 points (-0.32%), reaching 215.31 points. - From a technical perspective: Buying force reacted as soon as the index approached the support of the trendline, which also corresponds to the 20-day MA around 1,060 points, helping the index narrow the intraday drop and close in green. The MACD has crossed down the signal line along with the RSI dropping to near 50, meaning that the uptrend has weakened and the correcting signal is still there. Therefore, investors need to observe new developments before making hasty decisions.

Global stocks gain after the decision of the Fed. The Dow finished marginally higher on Wednesday, while the S&P 500 and Nasdaq 100 added 1% and 2%, respectively, and pared earlier losses after the Fed Chair Powells news conference. Powell was more optimistic about the outlook for inflation, saying: We can now say for the first time that the disinflationary process has started. Domestic stocks suddenly dropped sharply with sudden order matching. Vietnams manufacturing PMI reached 47.4 points in January 2023, up from 46.4 the previous month. Although it has improved, it is still below the 50 average.    Domestic and international news Update Business Results #Bank #FRT #GVR #GMD Technical view and recommendations  

- The stock market fell sharply today. Most stocks traded in the red. The market leaned towards the sellers in basket VN30 with 23 losers and 7 gainers. - At the end of the session, the VN-Index dropped 35.21 points (-3.17%), reaching 1,075.97 points; HNX-Index dropped 6.42 points (-2.89%), reaching 216.01 points. - From a technical perspective: Contrary to yesterdays gain, the main selling pressure pushed the index to close at the session low and covered the previous gain, creating a Bearish Engulfing candlestick pattern. Order matching was also exceptionally high compared to the average of 20 sessions. This meaning a possible reversal signal and the trade needs to be more cautious. The right strategy is to take partial profits and observe further.