Unexpected forecast of gasoline prices in next week's operating session
Dennis Kissler, senior vice president in charge of transactions at BOK Financial, commented that OPEC+ oil production is expected to increase, along with the possibility of reaching a higher Iran nuclear deal, which has re-appeared the bearish price trend.
According to this Vice President, in the near future, when geopolitical tensions cool down, the demand for seasonal travel will increase sharply in the coming months.
ING analysts believe that a nuclear deal to lift sanctions would allow Iran to increase oil production and add about 400,000 barrels/day to the global market.
For the domestic market, according to a business representative, gasoline prices will fluctuate according to the world gasoline situation. According to current market developments, it is forecasted that in the next price adjustment period, retail prices of gasoline may have opposite adjustments. See more...
HCMC supports electricity prices, students and workers are excited to wait for application
Foreign investors return to net buying, stocks increase
The stock market this week recorded consecutive sessions of increase from the 1,270 zone to nearly 1,320 at the beginning of the week. The group of large-cap stocks, led by banks, is the main driving force for the overall score.
The highlight of the week was that VPL - Vinpearl shares were officially listed on the HoSE and immediately had 3 consecutive ceiling increases. However, selling pressure at high prices caused the VN-Index to reverse and adjust in the last two sessions of the week.
In the week, VN-Index increased by 34.09 points (+2.69%) compared to the previous week to 1,301.39. Exciting liquidity, general week, the total trading value on HOSE reached 119,505 billion dong, up 39.25% compared to the previous week.
On the foreign side, this group suddenly reversed to net buy strongly in many sessions, especially the mid-week session of May 14 with a total net value of nearly 2,200 billion. See more...
The price of live pigs is high, farmers are cautious about re-herding
In the past 3 months, the price of live pigs in the Mekong Delta in general and Can Tho in particular has remained high, ranging from 68,000 - over 80,000 VND/kg. This price has brought quite a profit to many livestock farming households.
Ms. Nguyen Thi Tu (a livestock farmer in O Mon district, Can Tho city) said that since the end of February this year, the price of live pigs has increased sharply. When selling each pig (about 100 kg), the family earns an average of 1.5 - 2 million VND. This is a good profit for a long-time pet owner like her.
In previous years, there was a time when live pigs were sold for only 48,000 VND/kg. At that time, the family had to suffer a loss of nearly 500,000 VND/pig because raising them would cost more maintenance costs, delaying the time to re-herded the new pigs... - Ms. Tu said. See more...
