At closing, the MXV-Index fell 0.45% to 2,943 points, officially ending a streak of 11 consecutive days of gains.
According to the Vietnam Commodity Exchange (MXV), the energy sector is under pressure to correct as positive signals emerge from the negotiations between the US and Iran.
The market quickly adjusted its risk expectations, especially given that oil prices had surged 4-6% in the previous session. As the upward momentum weakened, profit-taking occurred across the board, dragging oil prices down.
At the close of trading, Brent crude fell nearly 4%, dropping below $110 per barrel, while WTI crude lost about 3.9%, falling below $102.3 per barrel.
Domestically, policy-making efforts are also being intensified to facilitate the market. Resolution 19/2026/NQ-CP, recently issued, has reduced and simplified many administrative procedures, including in the petroleum sector, thereby expected to reduce compliance costs and support business operations.
The industrial raw materials market recorded positive developments, notably cotton, whose price continued to rise sharply and reached its highest level in 23 months.
At the close of trading, July cotton futures rose 2.27% to approximately $1,869.5 per ton, bringing the total increase since the beginning of the month to over 16%.
In Vietnam, cotton imports from the beginning of the year to mid-April reached over 516,000 tons, a decrease in both quantity and value compared to the same period last year. Amidst volatile prices, the use of hedging tools in the futures market is considered a crucial solution to help businesses stabilize input costs.
Current developments indicate that the commodity market is entering a rebalancing phase, with a clear differentiation between commodity groups as capital flows continuously adjust according to new expectations.
Source: https://hanoimoi.vn/gia-dau-giam-mxv-index-cham-dut-chuoi-tang-11-phien-748537.html
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