Morning call - The upward momentum stalled at the resistance zone
13/10/2023

Summary

 In regular trading on Thursday, the Dow fell 0.51%, the S&P 500 lost 0.62% and the Nasdaq Composite dropped 0.63%European markets finished mixed as of the most recent closing prices. The DAX gained 0.24%, while the CAC 40 led the FTSE 100 lower. They fell 0.44% and 0.11% respectively. Those moves came as hotter-than-expected US consumer inflation data drove Treasury yields higher, pressuring equities. The CPI went up by 0.4% last month, easing from a 0.6% increase seen in August, but more than market consensus of 0.3%. Meanwhile, the 10-year Treasury yields moved nearly 10 basis points higher to 4.695%.

VNINDEX closed 1,151.6 (+0.8 points, +0.07%) with liquidity at the same level as the previous session. The market recorded an increase with 242 green codes and 226 red codes. Foreign countries were strong net sellers while proprietary traders were net buyers. The increase was led by VIC, VNM and TPB, on the other hand, VCB HPG dropped sharply. Industry groups with strong increases include telecommunications and real estate.

 

  • World stocks: US CPI is higher than expected
  • Vietnam stocks: The upward momentum stalled at the resistance zone
  •  Business news #DGW, #STB, #BAB, #DHT, #PNJ, #LCS
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

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