The 2% interest rate support package is a growth engine for the market if it is deployed in the right direction soon
In the short term, SSI Research believes that the stock market still faces many challenges in the context of the Fed tightening monetary policy, the protracted Russia-Ukraine conflict, and China’s “No Covid” policy. continue to affect Vietnam’s stock market. However, both the US stock market and the Vietnamese stock market have fallen by nearly 14% compared to the beginning of the year, showing that these challenges have partly been reflected in prices.
In the country, the real estate market is also expected to have certain difficulties in the coming time because the price level is already at a high level in the context of interest rate reversal. The real estate market is a place with large cash flows, so the “health” of this market will be related to the financial market in general, including the stock market and real estate businesses listed on the market. Stock market.
The move of foreign investors helped the market recover from the low level in May. Total ETF capital inflow in May net injected nearly 4,900 billion dong and brought the total accumulated capital inflow from the beginning of the year to 6,700 billion dong. . Besides, funds actively reversed their net injection of +272 billion dong in May. However, the trading proportion of foreign investors is tending to return to a high level due to narrowing transactions from individual investors. This may cause the market’s recovery momentum to weaken in case capital flows from foreign investors reverse. Inflation is also expected to come under pressure gradually in the coming quarters.
Although somewhat more cautious about the market’s outlook in the face of current challenges, there are still factors to look forward to. In the second half of 2022, the growth rate of industries affected by the epidemic is expected to be positive compared to the same period last year, public investment disbursement is expected to be accelerated. The 2% interest rate support package is also a driving force for growth if it is deployed in the right direction soon.
In general, SSI Research said that it has not yet seen the driving force for the market to go up strongly in the current period. However, recent strong volatility will bring opportunities in industries recovering from the pandemic and not affected much by high inflation such as Oil & Gas, Ports & Shipping, Chemicals, Non-Essential Consumption. , Information technology.
Following Economic Life
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
