Morning call - The market rose sharply from the support level


The major averages rallied sharply during Thursday’s regular session, with the Dow and S&P 500 surging 1.7% and 1.9%, respectively, for their fourth straight day of gains. Those moves came amid growing expectations that the Federal Reserve rate-hiking campaign is over and as the benchmark 10-year US yield dropped to a three-week low of 4.65%. Investors now look ahead to the October jobs report on Friday for further guidance.

VNINDEX closed at 1,075.4 points (+35.8 points, 3.44%) with improved liquidity. The market recovered with 516 stocks up and 32 stocks down. Foreign and retail investors continued to buy net. The groups of stocks that contributed to the VNINDEX's rise were BID, HPG, VCB, and VHM, while there were hardly any stocks that fell significantly. Most sectors also rebounded strongly, such as financial services and chemicals.

  • World stocks: Global market sentiment improves
  • Vietnam stocks: The market rose sharply from the support level
  • Business news: #TCB, #HPG, #HHV, #PLX, #LCG, #NVL
  • Technical perspective and updated recommendations
  • Event calendar
  • Q&A
Hoang Nam

Page: 12


File format: pdf

Size: 1.41 MB