1- Market information
On March 31, British Prime Minister Rishi Sunak announced that the country had reached an agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Britain calls this the country’s largest trade agreement since Brexit. Joining CPTPP will help them tighten relations with countries in the Asia-Pacific region, and build trade routes after leaving the European Union (EU).
On the evening of March 31, the State Bank issued a series of decisions to reduce operating interest rates. Of which, refinancing interest rates decreased by 0.5%; deposit interest rate ceiling decreased by 1%; Short-term lending interest rates of credit institutions for some sectors decreased by 0.5%. The decision takes effect on April 3, 2023.
2- Gold market
Closing last week’s trading session, world gold price stood at 1,969 USD/ounce, down 9 USD/ounce compared to last week. This is the second consecutive week of price decline for precious metals. However, on a monthly basis, gold prices have increased sharply to 150 USD/ounce, the strongest increase since July 2020. Domestically, gold prices fluctuate in the same direction. Currently, the buying/selling price of SJC gold bars is at 66.45 – 67.07 million VND/tael.
3- Stock fund certificates
The stock market had a positive trading week. At the end of the session, VN-Index increased slightly by 5.2 points (0.49%) points, to 1,064.64 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, VNDAF stock fund certificates are having the best performance last week with an increase of 1.29% compared to the previous week.
4- Bond fund certificates
In the past week, bond funds have maintained stable profits with positive rates of return. Among them, DFVN-FIX bond fund certificates are having the best performance with an increase of 0.25%.