Summary
In regular trading on Wednesday, the S&P 500 and Nasdaq Composite rallied 1.02% and 1.18%, respectively, hitting new all-time highs. The Dow also gained 1.09% to settle at a seven-week high. In his appearance before the House, Federal Reserve Chair Jerome Powell said that the central bank won’t wait to cut rates until inflation hits 2%. He also noted that the US economy is "no longer overheated."
VNINDEX closed at 1,285.94 (-7.77 points, -0.60%), liquidity was at the 20-session average. The market has 151 green codes and 299 red codes. The group of stocks that contributed to the market's increase included VCB, REE and MBB, whereas FPT GVR and BID contributed to the market's decrease. The financial group returned to the green to help the market accelerate. Foreign investors net sold about 1,030.9 billion VND, focusing on FPT and MWG.
- World stocks: Continue to maintain the good momentum
- Vietnamese stocks: Healthy adjustment
- Macro news
- Business news: #SBT, #GMD, #HSG, #Bamboo airways, #RTB, #VNM
- Technical perspective and updated recommendations
- Event calendar
- Q&A
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