Morning call - Strong gains from all sectors


In regular trading on Monday, the Dow lost 0.11%, the S&P 500 fell 0.54% and the Nasdaq Composite dropped 0.84%, with technology stocks leading the decline. Factory orders in the US sank 3.6% month-over-month in October 2023, following a downwardly revised 2.3% rise in September, and worse than market forecasts of a 2.8% fall. It is the biggest decrease since April 2020, in a sign the industrial sector is suffering from high interest rates and inflation.

VNINDEX closes at 1120.4 (+18.3 points, +1.6%), with liquidity up sharply by 1.5 times the 30-day average with a total trading value of VND 24 trillion. The market had 475 green codes and 64 red codes. The stocks that contributed the most to the market's upside were VCB, HPG, VIC, and GAS. On the other hand, SAB and BHN pulled the market down. All industry groups rose, with the strongest gains coming from the financial services, construction & materials, and chemicals sectors. However, foreign investors still sold heavily in the session today. Proprietary trading bought heavily.

  • World stocks: Correction
  • Vietnam stocks: Strong gains from all sectors
  • Business news:  #PET, #HPG, #NKG, #CTG, #VHC, #PDR
  • Technical perspective and updated recommendations #MWG, #MBB, #POW
  • Event calendar
  • Q&A
Hoang Nam

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