1- Market information

On the morning of July 16, 2023, in New Zealand, British Minister of Business and Trade Kemi Badenoch officially signed an agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), bringing Britain becomes a new member of the trade bloc of 12 economies.

During the trading session on July 14, the Yen increased in price by 0.14% against the US dollar, to 138.2 JPY per USD. Japan’s domestic currency has strengthened for the 7th consecutive session, heading for the longest streak of increases since 2018. Currently, the exchange rate is equivalent to the level in mid-May.

The US Bureau of Labor Statistics has just announced that the US Consumer Price Index (CPI) in June increased by 3% over the same period last year. This pace has slowed for the 12th consecutive month. Core inflation increased by 4.8% – the slowest since the end of 2021. However, this rate is still higher than the Fed’s target of 2%.

On July 13, the Hanoi Stock Exchange provided some introductory information about the individual corporate bond trading system, confirming that it has completed the construction of the private corporate bond trading system in the first phase. Phase 1 and ready all technical conditions for official operation.

2- Gold market

World gold prices had their best trading week since April thanks to the prospect that the Fed will stop raising interest rates after July. Closing the trading session at 1,954.3 USD/ounce, an increase of 1.5%. Domestically, SJC gold prices fluctuated in the same direction, increasing slightly by 50,000 – 300,000 VND/tael. Specifically, DOJI Group is listing the buying and selling price of SJC gold at 66.55 – 67.25 million VND/tael. Other types of gold jewelry remained stable and moved sideways during the weekend.

3- Stock fund certificates

The stock market had a positive trading week. For the whole week, VN-Index increased a total of 30.33 points (2.67%), to 1,168.4 points. Open-ended stock funds still maintain performance compared to the market, the risk level of the portfolio is always maintained lower than the general market. In there, VCBF-MGF stock fund certificates are having the best performance from the beginning of 2023 until now at 26.92%.

4- Bond fund certificates

In the past week, bond funds have maintained a stable profit level with a positive rate of return of over 3%. Among them, VCBF-FIF bond fund certificates are having the best performance level from the beginning of 2023 until now is 5.66%.

TOPI is an investment application that provides users with the latest analysis reports from more than 40 leading securities companies in Vietnam. Analytical reports on TOPI are divided into 3 categories: Strategic reports, Monetary macro reports and Industry reports. Access TOPI’s trading application or website to update market information for free.

analysis report