Morning call - The rise came from the financial and real estate sectors


The S&P 500 and the Nasdaq gained 0.4% each, while the Dow Jones rose 184 points. Durable goods orders fell more than expected to point to an economic slowdown while initial claims were lower than anticipated. This comes a day after the FOMC minutes failed to provide additional insights into the Federal Reserve's plans. The average rate on a 30-year fixed mortgage was 7.29% as of November 22, dropping for the fourth consecutive week and 50bps below the 23-year high from the end of October. The outcome mirrored the notable decline in long-term Treasury bond yields since late October. The University of Michigan consumer sentiment for the US was revised sharply higher to 61.3 in November 2023 from a preliminary of 60.4 but it still remained at the lowest level since May.

VNINDEX closes at 1113.8 (+3.36 points, +0.3%) with slightly increased liquidity. The market had 263 green and 220 red stocks. The leading stock groups were NVL, FPT and CTG, while VIC, BID and MWG contributed to the market decline. The strongest-performing sectors were financial services, travel & entertainment, and chemicals. The weakest-performing sector was retail services. Foreign investors continued to sell heavily, over VND 700 billion, while domestic investors sold slightly.

  • World stocks: Mixed movements amid rising macro-economic concerns
  • Vietnamese stocks: The rise came from the financial and real estate sectors
  • Business news: #VPB, #NVL, #BSI, #FPT, #HPG, #MIG
  • Technical perspective and updated recommendations
  • Event calendar
  • Q&A
Hoang Nam

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