Morning call - Demand disappears, downward trend resumes


In regular trading on Monday, the S&P 500 and Nasdaq Composite both gained about 1.2%, while the Dow jumped 1.6% for its best day since early June. Those moves came as the market hit oversold levels, prompting traders to cover shorts and opportunistic buyers to ride the bounce. Investors now look ahead to the Federal Reserve’s policy decision, the monthly jobs report and Apple’s earnings.

VNINDEX closed at 1,042.4 points (-18 points, -1.72%) with low liquidity. The market decreased with 393 red stocks, 111 green stocks and 21 floor stocks. Foreign investors were net sellers, while proprietary were net buyers. The group of stocks that fell sharply contributing to the decline of VNINDEX included GVR, TCB, BID, on the contrary, VCB and BCM contributed to the most significant increase. All industry groups decreased sharply, except for the health sector, which increased slightly by +0.05%. Among them, the financial services and chemicals groups decreased the most.

  • World stocks: Technical recovery from the global stock market
  • Vietnam stocks: Demand disappears, downward trend resumes
  • Business news: #BSR ,#NVL, #REE, #HAH, #SAB, #STB #MWG
  • Technical perspective and updated recommendations
  • Event calendar
  • Q&A
Hoang Nam

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