24-hour financial market: Stocks had a strong swinging session

2022-09-17 07:25:48 By : Ms. Cindy Qu

Compiled by the author Thach BacPrice of gold, foreign currency, crude oil, bitcoinIn the domestic gold market, after opening this morning 250,000 VND/tael compared to the end of yesterday, the price of SJC gold in Hanoi by the end of today has increased again to 50,000 VND/tael, currently listed at 65, 75 - 66.57 million VND/tael (buy in - sell out).On the world gold market, spot gold price closed yesterday in the US down 31.7 USD to 1,665.3 USD/ounce.In the Asian session this morning, gold price fell further to $1,660/ounce and stayed around this level until the end of the day.In the foreign exchange market, the US Dollar Index (DXY) stands at 110.03 points.The central domestic exchange rate today, September 16, was announced by the State Bank at 23,283 VND/USD, an increase of 6 VND compared to yesterday.The USD exchange rate at commercial banks this afternoon traded at 23,515 - 23,795 VND/USD.In the digital currency market, after yesterday Bitcoin fell to $ 19,600, today it is almost only moving sideways in a narrow range around this threshold.Oil market, at the end of this afternoon Asian time, the price of US crude oil futures (WTI) fell by $0.27 (-0.32%), to $84.83 per barrel.Brent crude oil futures fell $0.07 (-0.08%), to $90.77 per barrel.VN-Index dropped more than 11 pointsAfter the morning session was able to stop the falling momentum in the last minutes, the market entered the afternoon session with high selling pressure in blue-chips, causing VN-Index to fall and quickly return to the threshold of 1,235 points and rebound slightly before adding another fall. close to 1,230 points before ATC session and had another pullback to nearly 1,235 points at the close.The stocks that helped the market not to fall deeper were PDR, VNM, VRE, NVL, and VCB, when they were all pulled to the highest level of the day at the last minutes.On the other side, a significant decrease in KDH -4.5%, GVR -3.5% CTG -2.6%, MWG -2.6%, STB -2.6%, HPG -2.5% .In the group of small and medium-sized stocks GEX, FTS, VND, TLH, NVT, SCR, HAX, LDG, DXG, LDG, KHP, ANV, TVB, HDG, DPG, DIG, HAG, HSG, BCG, APG, APH, CTS , HDC…with a decrease from about 4% to nearly 6%.In the whole market, foreign investors net sold more than 7.09 million shares, with a total net selling value of 320.18 billion dong.End of session 16/9: VN-Index dropped 11.63 points (-0.93%), down 1,234.03 points;HNX-Index dropped 6.81 points (-2.43%), to 272.88 points;UpCoM-Index dropped 0.81 points (-0.9%), to 89.46 points.US StocksWall Street continued its decline on Thursday (September 15), when technology stocks put pressure on.Adobe stock fell 16% this session and put the biggest pressure on the Nasdaq and S&P 500 indexes, after the software company announced its $20 billion purchase of Figma.The decline spread to other tech stocks, with Apple losing 1.9% and Salesforce down 3.4%.Ending the session on September 15, the Dow Jones fell 173.27 points (-0.56%), to 30,961.82 points.The S&P 500 index fell 44.66 points (-1.13%), to 3,901.35 points.The Nasdaq Composite Index fell 167.32 points (-1.43%), to 11,552.36 points.Asian StocksJapanese stocks fell, on lingering worries about a global recession amid a high interest rate environment.At the close, the Nikkei 225 index fell 1.11% to 27,567.65 points.For the week, the index lost 2.29%.The Topix index fell 0.61% to 1,938.56 points.This session, technology stocks were the weakest, with the industry index down 1.11%.In which, Tokyo Electron, down 4.33% and hit the Nikkei 225 the most.By contrast, the utilities sector performed the best and gained 1.22% thanks to profits from companies including Kansai Electric Power Co Inc, Tokyo Gas Co Ltd and Osaka Gas Co Ltd.Chinese stocks posted their biggest one-day drop in more than four months, with securities firms leading the decline, after the government ordered them to cut service fees.At the close, the Shanghai Composite dropped 2.3% to 3,126.40 points.The blue-chip CSI 300 index dropped 2.35% to 3,932.68 points, its biggest drop since May 6 and down 3.9% for the week.Shares of securities companies this session plunged and fell up to 5.8%, pulling the financial index down 3.5%.China recently announced, encouraging securities companies, fund houses, underwriting and other organizations to reduce service fees.Online brokerage giant East Money Information Co fell nearly 11%.East Money told the media that the company is operating normally and that it has not received any notice of the policy details.The market was also affected by energy stocks, which fell 4.3%, healthcare lost 3.2%, and consumer and new energy stocks both fell more than 1.5%.Hong Kong stocks were affected by technology stocks and dropped.Closing, Hang Seng-Index lost 0.89% to 18,761.69 points and decreased 3.1% for the week.The Hang Seng China Enterprises index fell 1.36% to 6,420.66 points.Shares of giant technology companies listed in Hong Kong became the main burden for another day as they fell 2.7%.South Korean stocks fell, on concerns surrounding currency tightening in the US.At the close, the KOSPI index dropped 19.05 points, or 0.79%, to 2,382.78 points and was down 0.06% for the week.As the US dollar's strength nears a two-decade high, the won opened lower, just short of hitting 1,400 won/USD for the first time in more than 13 years, but recovered strongly near the end of the session.Ending session on September 16: The Nikkei 225 in Japan fell 308.26 points (-1.11%), to 27,567.65 points.The Shanghai Composite Index in Shanghai fell 73.52 points (-2.30%), to 3,126.40 points.The Hang Seng Index in Hong Kong dropped 168.89 points (-0.89%), to 18,761.69 points.The Kospi in Korea dropped 19.05 points (-0.79%), to 2,382.78 points.Other notable information- The exchange rate will remain under pressure in the final months of 2022VNDIRECT Securities Joint Stock Company has just announced a macroeconomic update with the statement that the SBV is trying to maintain the goal of "stabilizing the macroeconomy" and "supporting economic growth"..>> Details- Save the bond market by way of public issue?Corporate bonds issued to the public currently account for only 5-6% of the total amount of corporate bonds issued.Draft Decree 153/2020/ND-CP amending and submitting to the Prime Minister in the direction of promoting the issuance of corporate bonds to the public, narrowing individual corporate bonds..>> Details- The bright spot of profit in the third quarterSome businesses are expected to achieve high growth efficiency in this third quarter..>> DetailsInterest rates rise, is value investing obsolete?Future profits become less and less attractive when interest rates go up..>> Details- EU wants to impose a surcharge tax of 140 billion USD on energy companiesThe European Union (EU) wants to collect 140 billion EUR (equivalent to 140 billion USD) from windfall tax on some energy companies..>> Detailsprint articleEditor-in-Chief: Le Trong MinhMember of the Editorial Board - 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