Morning call - The downward momentum temporarily stopped
28/09/2023

Summary

 In regular trading on Wednesday, the Dow fell 0.2%, while the S&P 500 and Nasdaq Composite rose 0.02% and 0.22%, respectively. Those moves came as investors continued to assess the economic and interest rate outlook, with surging Treasury yields weighing heavily on equities. New orders for manufactured durable goods in the US unexpectedly rose 0.2% month-over-month in August 2023, rebounding from an upwardly revised 5.6% slump in July, and beating market forecasts of a 0.5% fall.

 

VNINDEX closed 1.53.85 (+ 15.89 points, +1.4%) with low liquidity. The group leading the market is VCB MSN VPB, on the other side there is SAB PLX pulling the market down. Most industry groups increased as this was a relatively good recovery session for VNINDEX, in which the financial services and chemicals groups increased the most. Foreign investors and proprietary trading continued to buy strongly. During the Index's down sessions, this group still maintained net buying.

  • World stocks: Trend unknown
  • Vietnamese stocks: The downward momentum temporarily stopped
  • Business news #RDP, #VNS, #DIG, #EVN, #HAG, #VEA
  • Technical perspective and updated recommendations #HPG, #PVS, SZC
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

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