Morning call - Bull Trap


In regular trading on Thursday, the Dow shed 0.03%, the S&P 500 lost 0.13% and the Nasdaq Composite fell 0.12%, with seven out of the 11 S&P sectors ending lower led to the downside by consumer staples, materials and industrials. Those losses came as investors digested data showing initial jobless claims once again came in below forecasts at 207K, remaining close to 7-month lows and pointing to a resilient labor market.

VNINDEX closed at 1,113.89 (-14.7 points, -1.13%) with liquidity still at a low level. The market continued to decline with the banking group adjusting strongly, led by: VCB BID CTG. On the contrary, VGC GVR is a rare bright spot contributing and gaining momentum.

  • World stock: The downward momentum temporarily stopped
  • Vietnam stocks: Recovering after a sharp decline
  • Business news: #KBC, #CII, #FPT, #VSH, #CTG, #ANV
  • Technical perspective and updated recommendations #VHC
  • Event calendar
  • Q&A
Hoang Nam

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