Morning call - Taking profits after a hot streak of gains


In regular trading on Thursday, the Dow rose 0.17%, while the S&P 500 and Nasdaq Composite fell 0.32% and 0.89%, respectively. Those moves came as data showed that initial jobless claims in the US came in at 216,000 last week, lower than the 230,000 expected by analysts. Markets still expect the Fed to hold rates steady this month, while bets for a rate increase in November edged higher.

The market closed at 1,243 (-2.36 points, -0.19%) after a recent hot streak of 6 sessions of gains. VNINDEX had 223 stocks in the green and 268 in the red. Leading groups included GAS, TCB, and GVR, while VIC, VHM, and VCB pulled the market down. Foreign investors sold heavily in today's session. Market liquidity continued to rise, reaching nearly 25 trillion VND.

  • World stocks: Simultaneous adjustments
  • Vietnam stocks: Taking profits after a hot streak of gains
  • Business news: #NT2, #TDA, #POM, #PSH, #VGC, #HAG
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Hoang Nam

Page: 12


File format: pdf

Size: 1.49 MB