- 2022-07-28T00:00:00
- Market Commentary
* Fed announces 75-bp rate hike to combat 40-year-high inflation
* BMP: Input plastic price correction drives strong 2022F earnings – Update
* AST: First profitable quarter in two years – Earnings Flash
* DGW: Mobile led sales growth, but laptops lost momentum – Earnings Flash
* DPM: nother robust quarterly profit on strong urea prices – Earnings Flash
* REE: Another robust quarter due to hydropower portfolio – Earnings Flash
* SAB: Solid revenue growth; profitability continues to improve – Earnings Flash
* VHM: H1 2022 presales with strong results at The Empire – Earnings Flash
* VRE: Resilient Q2 2022 results amid minimal support package – Earnings Flash
* Market wrap: VN-Index jumps to four-week high
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Market wrap: VN-Index jumps to four-week high
On Thursday, the VN-Index jumped 1.4% and hit a four-week high of 1,208.12 as markets in the Asia-Pacific region climbed following the US Federal Reserve’s decision to raise rates by 75 bps to fight inflation.
* BID (+2.7%) was the top contributor to the day’s gain. Fellow banks VPB (+2.5%), CTG (+2.2%), STB (+6.1%) and MBB (+2.6%) also increased.
* VRE (+6.8%) surged to the daily trading ceiling and hit a one-month high.
* Industrial real estate players BCM (+5.0%) and GVR (+3.7%) posted strong gains.
* Brewer SAB (+3.2%) advanced to a 16-month high.
* On the negative side, BVH (-1.0%) was the day’s leading contributing laggard as it retreated following its 5.1% gain on Wednesday.
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