Morning call - Strong buying pressure at the lower price range


In regular trading on Tuesday, the Dow and S&P 500 lost 0.51% and 0.28%, respectively, dragged lower by banks after S&P Global Ratings joined Moody’s Investors Service and downgraded some US banks due to a challenging economic environment. Markets also await US new home sales and purchasing data on Wednesday, as well as the start of the two-day Federal Reserve symposium in Jackson Hole, Wyoming, beginning Thursday.

The VNINDEX closed at 1180.4 (+0.73 points, +0.06%) showing a sideways movement compared to the second trading session. However, if calculated from the lowest point in today's session at 1149, the market witnessed a 30-point increase. This upward momentum mainly came from the financial services and retail sectors, with stocks like SSB, SSI, and TCB leading the way. Additionally, the VIC stock group continued to experience strong selling pressure.

  • World market: Sideway
  • Vietnam market: Strong buying pressure at the lower price range.
  • Business News #KBC, #SGN, #MBB, #TCB, #LCG, #TDM
  • Technical perspective and recommendation update  #TCB #VRE #SZC
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Hoang Nam

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