Morning call - Balanced supply and demand
15/11/2023

Summary

In regular trading on Tuesday, the S&P 500 and Nasdaq Composite surged 1.91% and 2.37%, respectively, for their best one-day performance since April. The Dow also jumped 1.43%. Those moves came as US inflation data came in lower-than-expected, bolstering the view that the Federal Reserve is done raising interest rates and putting downward pressure on Treasury yields. The annual inflation rate in the US slowed to 3.2% from 3.7% in September, slightly below forecasts of 3.3% while the core rate eased to 4%, the lowest in two years.

 

VNINDEX closed at 1109 (+9.6 points, +0.88%) slightly up with maintained liquidity. The market has 365 green codes and 171 red codes. The group of stocks leading the market includes BID VCB and VPB, whereas VHM and HPG contributed the most to the market decline. Most of the industry groups with strong increases include retail and banking services. Foreign investors and proprietary trading continued to be net sellers

 

  • World stocks: Consensus increases in price due to low US inflation information
  • Vietnamese stocks: Balanced supply and demand
  • Business news: #PVD, #CTR, #SKD, #FLC, #NAB, #HHV
  • Technical perspective and updated recommendations
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

Page: 12

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