- 2022-09-22T00:00:00
- Market Commentary
* Fed raises rates further to fight inflation
* SBV raises policy rates
* DIG to seek shareholder approval for the adjustment of its rights issuance plan at its second attempted EGM on October 12
* Market wrap: VN-Index ended Thursday session with a gain
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Market wrap: VN-Index ended Thursday session with a gain
A decline in US markets following a 0.75% rate hike decision from the Fed on Wednesday night (September 21st) had a negative impact on the VN-Index in Thursday’s morning session. However, a rally in the afternoon helped the index to recoup the morning’s loss and close with a 0.34% gain.
* The utilities sector was the biggest contributor to the VN-Index’s gain, led by rallies from GAS, NT2 and VSH.
* Materials stocks showed good performance with gains from HPG, NKG, DPM and DCM.
* Financial tickers traded mixed with gains from BID, EIB and brokerage names such as SSI, HCM and VCI and losses from VCB, VPB, CTG and NVB.
* Large-cap names in consumer staples, including MSN, SAB and KDC witnessed small declines.
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