Vietnam Insight

In regular trading on Tuesday, the Dow fell 0.45%, the S&P 500 lost 0.42% and the Nasdaq Composite dropped 0.79%, with 8 out of the 11 S&P sectors ending lower led to the downside by materials, consumer discretionary and financials. Moody’s downgraded ten regional banks in the US and it may downgrade another six large US banks.

VNINDEX moved sideways to close at 1,242 with a slight gain of 0.81 points (+0.07%) with liquidity remaining above the 20-day average. The market moved sideways with a narrow range, showing the indecision in the upcoming trend of investors. Vin stocks (VIC and VRE) continued to support the market. Foreign and self-trading were net sellers in this session.

• World market: World markets fell on news that Moody's lowered credit scores of US banks
• Vietnam market: The market moves sideways with a tug-of-war trend
• Business News #MSB, #DIC, #ITA, #SMC, #TMB
• Technical perspective and recommendation update 
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