Summary
Last week, the Dow rose 0.65%, the S&P 500 gained 1.06% and the Nasdaq Composite added 0.94%. Meanwhile, the Fed is widely expected to hold interest rates steady on Wednesday, while investors will zero in on Fed Chair Jerome Powell’s remarks after the meeting for clues on the potential start of the easing cycle. Stronger-than-expected US economic data and hawkish signals from central bank officials dampened expectations for a March rate cut, although traders are still betting on rate reductions later this year.
VNINDEX closed at 1,175.67 (+5.3 points, +0.45%) with lower liquidity than the average of 20 sessions. The market had 253 green stocks and 193 red stocks. The group of stocks that contributed the most to the market's increase were VCB, BID and GVR. On the other hand, the group of stocks that contributed to the market's decline were SAB, MSN and GAS. Foreign investors continued to net buy at VND241 billion.
- World stocks: Maintains upward momentum ahead of interest rate announcement
- Vietnam stocks: The market bounced from the 1,170 zone
- Macro news
- Business news: #DCM, #TCB, #NTP, #ACB, #VC1, #PAN
- Technical perspective and updated recommendations #KSB, #GVR
- Event calendar
- Q&A
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