- 2022-12-15T00:00:00
- Market Commentary
* Fed raises policy rate by another 50 bps to 15-year high
* Prime Minister directs SBV to support real estate market, housing development
* Solutions to support businesses and production enterprises
* POW: Slightly lower-than-expected 11M 2022 sales volume, Nhon Trach 3 & 4 progressing
* Vietnam Macro Flash Note: Current account returns to surplus in Q3 2022
* NVL: Suspension of rating
* Market wrap: VN-Index advances, led by VPB
----------------------------------------
Market wrap: VN-Index advances, led by VPB
The VN-Index gained a half of a percent on Thursday, which was unlike most other Asian markets declined after the US Federal Reserve raised its benchmark interest rate to the highest level in 15 years.
* Banks VPB (+6.7%) and MBB (+4.4%) were the day’s top two contributing gainers. TCB (+2.4%) and CTG (+1.2%) also increased.
* HVN (+6.7%) has surged more than 35% since December 8.
* Other notable gainers included MSN (+2.3%) and FPT (+1.8%).
* Real estate players VHM (-4.3%), NVL (-3.2%) and PDR (-4.3%) dropped.
Powered by Froala Editor