MARKET SUMMARY MARKET Oct 10 th, 2012 HOSE HNX UPCOM Index 394.66 55.51 39.33 Change +0.99 (+0.25%) +0.08 (+0.14%) -0.11 (-0.28%) Total matching Volume 37,966,850 27,766,194 6,484,781 Total Value (Million USD) 23.12 9.16 12.03 Total put- through (Million USD) 1.93 0.02 - UP 153 (49.4%) 131 (33.3%) 9 (6.9%) Down 58 (18.7%) 90 (22.8%) 18 (13.7%) Unchanged 99 (31.9%) 173 (43.9%) 104(79.4%) Foreign Net Buy/Sell (Million USD) 0.35 0.03 0.001 HOSE USD / VND = 21,036 (Source: SBV) Top Gainers Top Decliners Closed Price Closed Price Stock VND % Stock VND % VSG 1,200 +9.09% VES 1,800-5.26% DDM 1,500 +7.14% TMS 21,100-4.95% TTF 4,200 +5.00% FBT 5,800-4.92% PVT 4,200 +5.00% TRA 77,500-4.91% HT1 4,200 +5.00% VNS 23,500-4.86% Top 5 stocks Foreign Investors Top 5 stocks Foreign Investors net buy net sell Closed Price Buying Closed Price Selling Stock VND Vol. Stock VND Vol. PET 11,600 219,070 LSS 17,100 119,180 DPM 37,000 203,100 VSH 10,300 96,230 LCM 14,500 101,030 PGD 37,800 71,000 TNC 16,300 100,880 MBB 13,200 53,490 HAP 4,600 80,000 NVT 5,400 45,000
HNX Top Gainers Top Decliners Avg. Price Avg. Price Stock VND % Stock VND % VCH 1,100 +10.00% THV 1,100-8.33% S96 3,100 +6.90% INN 10,700-6.96% NHC 19,200 +6.67% LHC 24,200-6.92% QCC 3,200 +6.67% TAG 27,000-6.90% LCS 8,100 +6.58% MCO 2,700-6.90% Top 5 stocks Foreign Investors Top 5 stocks Foreign Investors net buy net sell Avg. Price Buying Avg. Price Selling Stock VND Vol. Stock VND Vol. VIG 1,800 320,000 VTV 6,800 13,600 LCS 8,100 20,000 VND 9,400 10,000 TC6 11,900 7,700 DLR 11,900 7,400 PLC 16,000 4,000 PVA 5,200 5,000 PVX 4,700 4,000 PVI 15,500 4,300 Put-Through Top 12 put- through Stocks Top 12 put- through Stocks HOSE HNX Value Value Stocks Volume (1,000vnd) Stocks Volume (1,000vnd) VIC 900,000 69,300,000 VIG 320,000 512,000 VNM 40,000 4,920,000 VTL 90 2,349 AGD 101,750 4,884,000 ACB 106 1,579 PNJ 100,000 2,960,000 PVX 303 1,303 CTG 158,040 2,686,680 SCR 228 1,300 REE 158,800 2,382,000 VNF 50 1,235 NBB 50,300 1,529,120 PVS 75 1,073 BMP 20,000 810,000 PTI 59 543 FPT 20,000 780,000 POT 72 540 ITA 64,000 243,200 ICG 80 440 CVT 50 415 DNP 30 390
CHARTS OF VN-INDEX, HNX-INDEX, UPCOM-INDEX Oct 10 th, 2012 VN-Index HNX-Index COMMODITIES AND WORLD-INDICES UPCOM - Index Date Oct 10 th, 2012 Commodities Price CRUDE OIL (USD/barrel) (at 05:00pm) 91.76 Gold 100 oz Future (USD/ounce) (at 05:00pm) 1,761 Gold SJC at Vietnam (billion/1tael ) 47.6 Source: indexq.org WORLD INDICES Date Oct 09 th, 2012 Date Oct 10 th, 2012 Index Value Change % Index Value Change % Dow Jones 13,473.5-110.12-0.81% Nikkei 225 8,596.2-173.36-1.98% S&P 500 1,441.5-14.40-0.99% Hong Kong 20,919.6-17.68-0.08% Nasdaq 3,065.0-47.33-1.52% Singapore 3,033.8-32.10-1.05%
Top news SBV makes net withdrawal of over 2tr dong last week In the week between October 1 and 5, the total amount of money injected was 6.575 trillion dong while the withdrawals were 8.591 trillion dong, according to the week bond report from October 1 to 5 of Bao Viet Securities Joint Stock Co (BVSC). According to the report, this was the fourth consecutive week the State Bank of Vietnam (SBV) has conducted net withdrawal on open market operations (OMO) with a volume of 2.016 trillion dong, down 844 billion dong against the net withdrawal in the previous week. The net withdrawals were made in all five trading sessions in the week with a total money injection of 6.575 trillion dong and the total withdrawals were 8.591 trillion dong. According to BVSC, the central bank still offered bids worth five trillion dong per session, but the averagely raised volume reached only about 26 percent of the offered volume, indicating that the capital needs of the majority of banks are now not high due to slow credit growth. Last week, on the interbank market, the interest rates continued to fall by 0.75-1.25 percent from the previous week. Particularly, the overnight interest rate was popularly at 1.75 percent per annum (p.a.), one week at 2.75 percent p.a., two weeks at 3.75 percent p.a. and one month at 5.75 percent p.a. Transactions still mainly occurred in short terms such as overnight and one week. The market operated stably and capital sources were relatively plentiful. Governor Declares War On The Banking Interest Group The Governor of the State Bank of Vietnam, Mr. Nguyen Van Binh, said that some banks are controlled by one or two shareholders or a group of dominant shareholders and up to 70-90 percent of the banks loans are granted to these shareholders. In the program "People ask, the Minister answers," aired on October 7, Mr. Binh talked about the group interest and the recent rumors about some bankers. As the head of the central bank, Mr. Binh admitted that the system of documents to manage the banking system does not keep pace with the development of joint stock banks, causing many gaps. The banking system has developed very fast while the supervision and inspection activities are not effective, resulting in many implications today, Mr Binh said. One of the implications that he mentioned is the matter of interest groups in the banking system. "There are banks that are controlled by one or two shareholders or a group of dominant shareholders, up to 70-90 percent of bank loans are for this group of shareholders. Particularly, this group does not use capital effectively, causing loss of capital, forcing banks to be restructured," Binh explained. The governor also concluded: "The group interest is the biggest barrier in the process of restructuring. It can manipulate banks and affect the whole system." Mr. Binh also affirmed the determination of the State Bank in the fight against group
interests in the banking system. He said, in addition to some banks that collaborate with the State Bank in the restructuring process, there are some parts, groups of shareholders of banks colluded with reactionary elements at home and abroad to release distorted information about the banking restructure plan in order to confuse the public and to make management agencies shrink in handling this issue. Regarding the fight against group interests, Mr. Binh said that in the recent self-criticism program at the State Bank of Vietnam, President Truong Tan Sang recognized to have no interest groups in the Party cell of the State Bank. Binh said and pledged to "consistently moving forward "in the fight with interest groups to deal with weak banks, to make credit institutions healthy. Also in this program, Mr. Binh said that it should not be said that the current difficult situation of business is caused by the tightening of the monetary policy. "We cannot say that the monetary policy is too tight but it is managed strictly. The fact that some businesses facing difficulties has been anticipated. That is the cost to curb inflation, to stabilize macroeconomic stability and to implement the bank restructuring policy," Binh analyzed. Oct 10: Vietnam Central Bank Sets Dollar Unchanged At VND20,828; Bank Rates Ease The State Bank of Vietnam, the country s central bank today set the exchange rate for the U.S. dollar at VND20,828, unchanged for 9 months, while banks rates were adjusted down by up to VND20 to VND20,880. Banks are allowed to trade dollar at +/- 1% from central bank quote and the ceiling price for dollar is currently at VND21,036. The rates offered by major commercial banks are at VND20,820-VND20,840 for bid, and VND20,880 VND20.890 for ask.
CHARTS OF VN-INDEX, HNX-INDEX
Eonomic figures Exchange rate 10/10/2012 09/10/2012 % change US$/VND 21,036 21,036 0% EUR/VND 27,062 27,306-0.89% Yen/VND 268.82 268.68 +0.05% External factors 09/2012 08/2012 Export (US$ mn.) 9,700 10,300 Import (US$ mn.) 9,800 10,260 Trade Balance (US$ mn.) -100 40 Implement FDI (US$ mn.) 8,100 7,280 State Budget (VND bn.) -122,320 Interbank 05/10/2012 03/10/2012 Overnight rate (%) 2.28 2.57 1 month rate (%) 7.58 6.22 6 months rate (%) 12.00 8.50 CPI September 2012 by group September 12 MoM (%) YoY (%) CPI 5.13 9.96 Catering & related services 0.52 10.42 Of which: Grain food -6.18 5.75 Foodstuff 0.60 10.60 Outdoor eating & drinking 7.87 15.27 Drinks & cigarettes 3.92 7.18 Textile. footgear & hats 6.34 10.38 Housing & construction materials 7.27 11.10 Family appliances & tools 4.63 8.06 Medicaments, health service 30.18 8.61 Transport 6.53 8.57 Communication 0.30-1.34 Education 14.56 17.12 Culture, entertainments & tourism 4.66 5.90 Others 7.81 10.98
Balance (VND bn.) (as April 2012) Growth rate compared to the end of last year (%) Total money supply 3,035,790 3.14 Include: - Corporate deposit 1,084,405-5.60 - Individual deposit 1,449,453 11.78 Credit for: 2,617,320-0.59 -Agro-forestry and seafood 231,158-0.54 -Mining 66,947 5.85 -Manufacturing and processing 607,846 5.19 -Producing and distribution electricity, water steam and air conditioner 143,600 6.00 -Water supplying, waste water and garbage treatment 12,283 3.28 -Construction 233,889-1.47 -Wholesale and retail, automobile and motorcycle repair 524,071-1.83 -Transportation and warehousing 107,533-0.41 -Hospitality 38,216 0.78 -Communication and media 25,395-34.42 -Financial service. banking and insurance 23,445-13.38 -Real estate trading 151,678 4.83 -Professional activities, science and technology 4,498-45.35 -Administration and supporting service 19,983-3.27 -Communist activities, social politic, government administration, national defense, compulsory social insurance 2,907-8.38 -Education 44,137 10.15 -Health care 7,824 11.70 -Art and entertaining 5,493-70.98 -Other services 176,173-13.73 -Household work employment, producing product and service for household 188,879 3.99 -Operation of foreigner institutions 1,366 110.70
20,850 20,800 20,750 20,700 20,650 20,600 20,550 20,500 20,450 Interbank FX rate (USD/VND) 20,828 20,803 20,768 20,813 20,738 20,788 20,723 20,748 20,678 20,733 20,653 20,708 20,633 20,623 20,623 20,638 20,613 20,688 20,668 20,648 20,628 20,618 20,618 20,618 20,628 20,608 Trang Nguyen Thu Authors trang.nt@tcsc.vn
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