Morning call - Liquidity dries up


In regular trading on Monday, the Dow fell 0.16%, the S&P 500 lost 0.19% and the Nasdaq Composite shed 0.07%. Those moves came as investors assessed the pause in the November rally, where all three benchmarks are set to gain at least 7%. Markets also turned cautious ahead of key data this week, headlined by the Federal Reserve’s preferred inflation measure, PCE prices. Several Fed officials will also deliver remarks in various events this week. The yield on the US 10-year Treasury note dropped to almost 4.4% after recent US treasury auctions showed strong demand and investors are coming to terms that interest rate cuts are coming soon in spite of mixed economic data

VNINDEX closed at 1088.06 (-7.5 points, 0.69%) with liquidity drying up. The market had 165 green codes and 351 red codes. The stock groups that contributed the most to the market's growth were VHM, VIC, SAB, while BID, TCB, STB pulled the market down. Most of the industry groups fell sharply, including the financial services, telecommunications, and retail services groups. Foreign and self-employed blocks traded insignificantly.

  • World stocks: Readjustment is inevitable after a period of rapid growth
  • Vietnamese stocks: Liquidity dries up
  • Business news: #VCI, #MWG, #IBC, #BSR, #VCB, #PDR, #VNZ
  • Technical perspective and updated recommendations
  • Event calendar
  • Q&A
Hoang Nam

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