TOPI NEWSLETTER WEEKLY June 4, 2023

1- Market information

The European Statistics Agency (Eurostat) said on June 30 that inflation in 20 countries using the European common currency was 5.5% in June. This rate decreased from 6.1% the previous month thanks to Falling fuel prices offset increases in the service sector. This is the 7th month in the past 8 months that this index has gone down.

The yen price on the morning of June 30 dropped to 145 yen per USD, back to the mark of last September – when Japan had to intervene to support. This level decreased by 0.2% compared to June 29, reaching an 8-month low, causing Japanese officials to recently monitor it closely and declare their readiness to take action.

State budget revenue in June dropped deeply by 27.5% over the same period, pulling total state budget revenue in the first half of the year down 7.8%, reaching 875.8 trillion VND. However, many main domestic revenues still stand firm, maintaining a positive collection rate compared to estimates such as revenues from state-owned enterprises, revenues from foreign-invested enterprises,…

2- Gold market

World gold prices recorded a volatile week because economic data in the US showed mixed results. Closing the trading session at 1,919.8 USD/ounce, down 0.02%. Domestically, SJC gold price has been adjusted slightly down by 50,000 VND/tael. Specifically, DOJI Group is listing the buying and selling price of SJC gold at 66.4 – 67 million VND/tael. Other types of gold jewelry increased during the weekend session.

3- Stock fund certificates

The stock market had a cautious trading week. For the whole week, VN-Index decreased a total of 9.2 points (0.81%), down to 1,120.18 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 23.5%.

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, MAFF bond fund certificates are having the best performance from the beginning of 2023 until now is 4.74%.

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