Morning call - Banking Sector Riding High


In regular trading on Wednesday, the Dow fell 0.52%, the S&P 500 dropped 0.76% and the Nasdaq Composite tumbled 1.15%. Policymakers continued to stress that there are upside risks to inflation that could warrant a prolonged period of restrictive monetary policy or even another rate hike, keeping the pressure on US equities. Investors now look ahead to more earnings reports and the latest weekly jobless claims report on Thursday.

The VNINDEX increased by 9 points to close at 1,243 (+0.75%), led by the banking sector and VIN Group stocks. The market showed signs of mixed trading with 217 stocks gaining while 243 stocks declining. Although there was a slight improvement in liquidity, it remains low compared to the 20-session average. Domestic individual investors and foreign investors remained net sellers in today's session.

  • World market: Market Dips After FOMC Meeting
  • Vietnam market: Banking Sector Riding High
  • Business News #HHV, #DBC, #VIC, #VPG, #PVD, #NVL
  • Technical perspective and recommendation update  
  • Event calendar
  • Q&A
Hoang Nam

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