Bo co

Th trng Vn

Th trng Lin ngn hng:

o

Thanh khon VND ca h thng ngn hng tip tc di do, li sut c xu

hng h vo thi im gia thng.

Tun 1+2 thng 3/2013

Na u thng 3, NHNN tip tc ht rng 8.556 t ng trn th trng

m.

Th trng Tri phiu Chnh ph

o

Th trng s cp tri phiu chnh ph (TPCP) hai tun u thng 3 din

ra kh si ng.

Th trng Ngoi hi
o

CafeF Research

Sau khi NHNN c nhiu ng thi can thip c v mt trc tip bn ra

USD ln gin tip qua phng tin truyn thng, th trng dn n
nh tr li.

a ch:

Tng 18 VTC Online, 18 Tam Trinh, H Ni

in thoi: 04 39743410. My l: 321

Fax:

04 39744082

Email:

research@cafef.vn

Th trng Vng:
o

Gi vng th gii tng nh, tuy nhin xu hng c bn vn l i ngang

trong khong ngng h tr 1.570 USD/ounce v ngng khng c 1.600
USD/ounce.

Bo co th trng Vn tun 1+2 thng 3/2013

TH TRNG TIN T
- Thanh khon VND ca h thng ngn hng tip tc

Li sut bnh qun LNH (VNIBOR)

(T 18/02/2013 n 15/03/2013)

%
9

di do, li sut c xu hng h vo thi im gia

thng do nhu cu nhn vn bo m d tr bt buc

7
6

bt u gim trong khi huy ng th trng 1 tip tc

tng. C th, k hn O/N-1 tun li sut dao ng t

3-4%/nm, k hn 2 tun t 3,5-4,5%/nm, cc k

hn 1 thng v 3 thng mc t 5-6,5%/nm vo cui

18/02 20/02 22/02 24/02 26/02 28/02 02/03 04/03 06/03 08/03 10/03 12/03 14/03
Qua m

2 tun

1 thng

3 thng

tun qua.

Ngun: Thomson Reuters

Li sut bnh qun LNH (VNIBOR) USD

(T 18/02/2012 n 15/03/2013)

%
3
2.5
2

- Th trng USD LNH tip tc n nh, li sut c xu

1.5

hng gim nh theo li sut VND. K hn O/N 1

tun giao dch mc 0,5-0,8%/nm.

0.5
0

18/02 20/02 22/02 24/02 26/02 28/02 02/03 04/03 06/03 08/03 10/03 12/03 14/03
USD Qua m

USD 2 tun

USD 1 thng

USD 3 thng

Ngun: Thomson Reuters

Trang 1

Bo co th trng Vn tun 1+2 thng 3/2013

Giao dch th trng OMO

(T 18/02/2013 n 15/03/2013)

t VN
5000
0

- Na u thng 3, NHNN tip tc ht rng 8.556 t

-5000

ng trn th trng m, khi lng gim ng k so

-10000

vi nhng tun trc . Trong ht rng qua knh

Gi tr rng giao dch Mua k hn

Gi tr rng giao dch Bn hn

15/03

14/03

13/03

12/03

11/03

10/03

09/03

08/03

07/03

06/03

05/03

04/03

03/03

02/03

01/03

28/02

27/02

26/02

25/02

24/02

23/02

ht rng tng cng 60.342 t ng trn th trng m.

22/02

-25000
21/02

ng qua giao dch repo. Tnh t u nm, NHNN

20/02

-20000

19/02

tn phiu t 9.487 t ng, trong khi bm ra 931 t

18/02

-15000

Gi tr rng giao dch OMO

Ngun: Thomson Reuters, SBV

Trang 2

Bo co th trng Vn tun 1+2 thng 3/2013

TH TRNG TRI PHIU

Li sut giao dch Tri phiu - Th trng th cp
(T 01/03/2012 n 15/03/2013)

%
10
9.5

- Th trng s cp tri phiu chnh ph (TPCP) hai

tun u thng 3 din ra kh si ng, tng cng c

8.5

14.300 t ng tri phiu chnh ph (TPCP) v tri

phiu c chnh ph bo lnh (TPCPBL) pht hnh

7.5

thnh cng.

01/03

03/03

05/03
1 nm

07/03
2 nm

09/03
3 nm

11/03

13/03

15/03

5 nm

Ngun: VBMA

- TPCP do Kho bc nh nc pht hnh vn tip tc thu ht s quan tm ca nhiu nh u t hn so vi cc TPCPBL do NHPTVN hay
NHCSXH pht hnh. Khi lng trng thu th trng s cp c th nh sau:
K hn
TPCP
NHPTVN
NHCSXH

1 nm
1.000
0
0

2 nm
4.950
0
0

3 nm
4.900
0
450

5 nm
3.000
0
0

10 nm
0
0
0

n v: T ng. Ngun: HNX

- Li sut trng thu c xu hng gim nh khong 10-20 im c bn i vi c TPCP v TPCPBL tt c cc k hn, ng mc
7,68%/nm k hn 1 nm, 8,24%/nm k hn 2 nm, 8,45%/nm k hn 3 nm v 9,2%/nm k hn 5 nm.
- Trn th trng th cp, li sut ang c xu hng bc vo t sng gim mi, c bit sau phin u thu ngy 13/03/2013, thanh khon
th trng kh tt. Ngy 15/03/2013, li sut TPCP cc k hn c giao dch nhiu l 2 nm v 3 nm ph bin quanh mc 8,1%/nm v
Trang 3

Bo co th trng Vn tun 1+2 thng 3/2013

8,3%/nm, trong khi k hn thanh khon thp hn l 1 nm v 5 nm ln lt mc 7,5%/nm v 9%/nm.

-

Trong tun ti (18/03-22/03/2013), th trng s cp ha hn tip tc nng vi nhng phin u thu:

Th hai (25/02/2013): gi thu 2.000 t Tn phiu kho bc k hn 52 tun.

Th nm (21/03/2013): gi thu TPCP k hn 3 nm v 5 nm, ng thi gi thu TPCPBL do NHPTVN pht hnh vi c 4 k hn
chun:

T chc pht hnh

2 nm
3 nm
5 nm
10 nm
Kho bc
3.000
3.000
NHPTVN
1.000
1.000
1.000
1.000
Th su (22/03/2013): gi thu tri phiu Ngn hng chnh sch x hi cc k hn 3 v 5 nm, khi lng 500 t mi k hn.

Trang 4

Bo co th trng Vn tun 1+2 thng 3/2013

TH TRNG NGOI HI
T gi giao dch USD/VND
(T 18/02/2013 n 15/03/2013)

- Th trng ngoi hi c t sng tng kh mnh

21,250
21,200
21,150
21,100
21,050
21,000
20,950
20,900
20,850
20,800

khong 100 im vo u thng, c lc ln n hn

21.200 VND/USD trn th trng t do. Tuy nhin,
sau khi NHNN c nhiu ng thi can thip c v mt
trc tip bn ra USD ln gin tip qua phng tin

T gi giao dch USD/VND

15/03

14/03

13/03

12/03

11/03

10/03

09/03

08/03

07/03

06/03

05/03

04/03

03/03

02/03

01/03

28/02

27/02

26/02

25/02

24/02

23/02

22/02

21/02

20/02

19/02

18/02

truyn thng, th trng dn n nh tr li.

USD th trng T do

Chnh lch USD/VND t do - USD/VND Giao dch LNH

(T 18/02/2013 n 15/03/2013)

ng
260
200

- Mt bng gi USD hin xc lp quanh mc 20.950

trn th trng LNH v 21.150 ng i vi th trng
t do. Xu hng ch o trong tun qua l i ngang
i vi c 2 th trng chnh thc v phi chnh thc.
Chnh lch t gi gi nguyn mc kh cao khong

140
80

18/02

20/02

22/02

24/02

26/02

28/02

02/03

04/03

06/03

08/03

10/03 12/03 14/03

Ngun: Thomson Reuters

200/USD.

Trang 5

Bo co th trng Vn tun 1+2 thng 3/2013

TH TRNG VNG

triu VN

Gi Vng quc t v Vng SJC

(T 18/02/2013 n 15/03/2013)

46.00

- Gi vng th gii tng nh, tuy nhin xu hng c

45.00

bn vn l i ngang trong khong ngng h tr 1.570

44.00

USD/ounce v ngng khng c 1.600 USD/ounce.

43.00

42.00

Th trng tip tc ch i nhng din bin mi t

41.00

cc nn kinh t ch cht trn th gii nh M, Trung

40.00

Quc v cuc khng hong ca khi eurozone.

39.00

- Gi vng trong nc theo cng lnh xnh i

Vng TG - Gi bn

triu VN
6.00

SJC - Gi bn

ngang, xoay quanh ngng 44 triu ng/lng trong

Chnh lch Gi Vng quc t - Vng SJC

(T 18/02/2013 n 15/03/2013)

khi ch i phin u thu vng ming u tin s

c NHNN t chc trong thi gian ti.

4.50

- Chnh lch gi vng trong nc v th gii tip tc

3.00

duy tr mc kh cao khong 4 triu ng/lng.

Source: Thomson Reuters, SJC

Trang 6

Bo co th trng Vn tun 1+2 thng 3/2013

KHUYN CO
Bo co ny, bao gm ton b s liu, hnh minh ha, phn tch, nhn nh, l sn phm do B phn nghin cu-phn tch d liu
CafeF thc hin. Thng tin s dng thc hin bo co c CafeF thu thp t nhng ngun ng tin cy, tuy nhin CafeF khng
chu trch nhim vi cc quyt nh ca ngi c khi s dng cc thng tin ny.
Bo co ny l ti sn v c bn quyn thuc CafeF. Mi hnh vi sao chp, sa i, in n v pht hnh khi khng c s ng ca
CafeF u tri lut.

Bn quyn thuc v Cng thng tin, d liu Ti chnh - Chng khon Vit Nam - CafeF.

Trang 7

Bo co th trng Vn tun 1+2 thng 3/2013

GII THIU DCH V CUNG CP D LIU CA CAFEF

CafeF DataFeed Service l dch v c tha hng ton b h thng D liu ca Cng thng tin, d liu Ti chnh Chng khon ln
nht Vit Nam CafeF.vn. Chnh v l , chng ti t ho h thng d liu ca mnh bao ph c gn nh ton b cc d liu lin quan
th trng ti chnh Vit Nam.
Tnh chnh xc v tin cy ca d liu cng l mt trong nhng tiu ch c chng ti t ln hng u. Do , mc d ch mi tham
gia vo th trng cung cp d liu, CafeF Data Feed Service nhn c rt nhiu s quan tm ca cc t chc, cc nh ch ti chnh
ln.
Dch v Cung cp D liu - CafeF DataFeed Service
CafeF.vn

Tin bi/Bo
co phn
tch
D liu
Ngn hng,
Th trng
Vn

D liu
Hng ha,
Ngoi hi

CafeF Data
Feed
Service

D liu
Chng
khon Vit
Nam

Address: Tng 18, ta nh VTC Online - 18 Tam Trinh, H Ni

D liu Tri
phiu

Tel:

04-39743410 (ext 321);

Email:

research@cafef.vn ; datafeed@cafef.vn

Website

CafeF.vn

D liu T
gi

Trang 8