Summary
Last week, the major averages came under heavy selling pressure due to US recession fears and the unwinding of yen carry trades. Wall Street then recouped most of the losses as analysts suggested that the global selloff was an overreaction, with the Dow losing merely 0.6%, while the S&P 500 and Nasdaq Composite shed 0.04% and 0.18%, respectively. Investors now look ahead to US producer inflation data on Tuesday and consumer inflation figures on Wednesday for confirmation that price growth has continued to stabilize. US retail sales numbers will also follow on Thursday. On the corporate front, earnings are set to come from retail giants Home Depot on Tuesday and Walmart on Thursday.
The VNINDEX closed at 1,223.64 (+15.3 points, +1.27%) with lower-than-average trading volume over the past 20 sessions. The market saw 86 declining stocks and 329 advancing stocks. Stocks contributing to the market's gain included FPT, CTG, and MWG, while VIC, HVN, and VHM weighed on the market. The technology sector made an impressive recovery in today's trading session. Foreign investors net bought approximately 56 billion dong
- World stocks: Slow recovery
- Vietnamese stocks: The securities sector is becoming more influential
- Macro news
- Business news: #VJC, #DGW, #HAH, #IST, #DGW, #HAH
- Technical perspective and updated recommendations #DHC, #REE
- Event calendar
- Q&A
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