Morning call - The upward momentum is coming from individual retail investors


The Dow inched up 0.07%, the S&P 500 rose 0.57% and the Nasdaq Composite jumped 1.05%. Investors now look ahead to retail earnings and more data later this week. European markets finished mixed as of the most recent closing prices. The DAX gained 0.46% and the CAC 40 rose 0.12%. The FTSE 100 lost 0.23% due to concerns about China's real estate sector and the overall economic prospects of the country, investor sentiment has been weighed down.

VNINDEX closed higher at 1,236 (+0.38%), with a clear market breadth favoring the buying side, as 620 stocks gained points, completely dominating the decliners. Liquidity continued to improve with trading value on HOSE reaching over 23.5 trillion VND. Foreign trading activity was lackluster as they net sold 976 billion VND across the whole market. VIC remains one of the leading stocks driving the market, but the upward momentum has decreased, so there's a risk that if VIC reverses its direction and starts declining, the index might struggle to surpass 1,260.

  • World market: Divergent trends between China and the United States.
  • Vietnam market: The upward momentum is coming from individual retail investors
  • Business News #VPB, #VIC, #MWG, #STB, #HAG, #DPM
  • Technical perspective and recommendation update #KBC 
  • Event calendar
  • Q&A
Hoang Nam

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