Yesterday there was information about SBV’s short-term money withdrawal.
The possibility is that in the short term, the psychology of investors will be more worried.
When this is an action of the bank showing the intervention in the currency market.
This is the money withdrawal between SBV and commercial banks and when withdrawing money, the possibility is that it will solve the following problems:
First, it is to support the pressure on the exchange rate, secondly, it is possible to raise the ONS interest rate, then when there is excess money in the bank, there will be a place to go.
And from the current perspective, I evaluate that the medium-term market still depends a lot on the world market, especially the issue of oil prices, currently oil prices are above $90 causing inflationary pressure and exchange rate issues.
SBV has had intervention actions, besides we have lost positions to continue lowering the operating interest rate
Currently VN is in a position to lower interest rates and pin interest rates at a balanced level, then try to follow the actions of the world such as in the US as well as Europe.
In general, we cannot go against the world forever, in the short term I believe our market will still be okay from now until November, but around November onwards we need to look more closely, especially there may be a round of interest rate hikes again if oil prices in the world do not return to below 90.
Yesterday, the market reacted very strongly to this information, but short-term groups sensitive to interest rates such as Securities and Real Estate were heavily closed.
But you should not panic sell, there will be rebounds for you to restructure your portfolio.
And that profit-taking cash flow will not flow out of the market immediately but will shift to other groups with newer stories.
Therefore, the market will need more time to accumulate again to absorb the large supply of profit-taking, mainly from industry groups that have increased hotly in the previous period and reflected most of the expectations into prices, while shifting to industries with more room for recovery or continued growth in a new cycle.
Tra Ngoc Phuoc
The possibility is that in the short term, the psychology of investors will be more worried.
When this is an action of the bank showing the intervention in the currency market.
This is the money withdrawal between SBV and commercial banks and when withdrawing money, the possibility is that it will solve the following problems:
First, it is to support the pressure on the exchange rate, secondly, it is possible to raise the ONS interest rate, then when there is excess money in the bank, there will be a place to go.
And from the current perspective, I evaluate that the medium-term market still depends a lot on the world market, especially the issue of oil prices, currently oil prices are above $90 causing inflationary pressure and exchange rate issues.
SBV has had intervention actions, besides we have lost positions to continue lowering the operating interest rate
Currently VN is in a position to lower interest rates and pin interest rates at a balanced level, then try to follow the actions of the world such as in the US as well as Europe.
In general, we cannot go against the world forever, in the short term I believe our market will still be okay from now until November, but around November onwards we need to look more closely, especially there may be a round of interest rate hikes again if oil prices in the world do not return to below 90.
Yesterday, the market reacted very strongly to this information, but short-term groups sensitive to interest rates such as Securities and Real Estate were heavily closed.
But you should not panic sell, there will be rebounds for you to restructure your portfolio.
And that profit-taking cash flow will not flow out of the market immediately but will shift to other groups with newer stories.
Therefore, the market will need more time to accumulate again to absorb the large supply of profit-taking, mainly from industry groups that have increased hotly in the previous period and reflected most of the expectations into prices, while shifting to industries with more room for recovery or continued growth in a new cycle.
Tra Ngoc Phuoc
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