Morning call - Bank stocks enter the game
22/08/2024

Summary

In regular trading on Wednesday, the Dow rose 0.14%, the S&P 500 gained 0.42% and the Nasdaq Composite climbed 0.57%, with nine out of the 11 S&P sectors ending higher. Those moves came as the latest Fed minutes revealed that “the vast majority” of members agreed that “if the data continued to come in as expected, it would likely be appropriate to ease policy at the next meeting.” Markets are fully priced in for September rate cut, favoring a 25 basis point reduction

 

The VNINDEX closed at 1,284.05 points, up 11.5 points (+0.87%) with trading volume higher than the 20-day average. The market saw 241 gainers and 174 losers. Stocks contributing to the market's uptrend included VCB, BID, and CTG, while PLX, SAB, and VNM weighed on the market. Most sectors saw strong gains. Foreign investors sold more than 200 billion dong

 

  • World stocks: US stocks rose after the Fed meeting
  • Vietnamese stocks: Bank stocks enter the game
  • Macro news
  • Business news: #MWG, #MSH, #YTC, #LAS, #FRT, #ANV
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

Page: 13

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