Morning call - Price momentum weakened


In regular trading on Monday, the Dow rose 0.93%, the S&P 500 gained 1.06% and the Nasdaq Composite jumped 1.2%. The yield on the US 10-year Treasury note rose to 4.7% on Monday, rebounding from an 8bps fall on Friday, as traders continue to assess the monetary policy outlook and the impact of the Israel-Hamas war. Market participants will closely monitor comments from several Fed officials this week, including an appearance by Fed Chair Powell before the Economic Club of New York on Thursday, for further insights into the central bank's next steps. 

VNINDEX closed 1,141.42 (-13.31 points, -1.15%) with liquidity at the same level as the previous session. The market recorded an increase with 114 green codes and 393 red codes. Foreign net sellers were relatively strong today with a total value of more than 800 billion. Proprietary trading continues to be a net seller. The upward momentum was led by VPB, GAS and FPT, on the contrary, VHM and HPG pulled the market down. Industry groups that increased sharply included telecommunications and oil and gas, on the contrary, financial services and resources decreased sharply.

  • World stocks: Mixed movements
  • Vietnam stocks: Price momentum weakened
  • Business news #HND, #SZL, #PVS, #PNJ,  #DLG, #POM
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Hoang Nam

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