Morning call - Lack of leadership from large-cap groups


Last week, the Dow jumped 2.92%, the S&P 500 rallied 2.49% and the Nasdaq Composite surged 2.85%. Those gains came as the Federal Reserve held interest rates steady and signaled three rate cuts in 2024 amid cooling inflation. However, New York Fed Bank President John Williams said on Friday that the central bank is not currently discussing rate cuts and that it is focused on whether rates are restrictive enough to bring inflation back down within target. Investors now look ahead to December’s business leaders survey and housing market index results this week for further guidance.


VNINDEX closed at 1102.3 points (-7.83 points, -0.71%) with relatively low liquidity. The market increased with 162 green codes and 338 red codes. The market leading group includes NVL, VND and ACB, on the contrary VCB MSN contributed the most to the market decline. Foreign investors continued to be strong net sellers, while proprietary traders were light net buyers.


  • World stocks: Traded in opposite direction
  • Vietnam stocks: Lack of leadership from large capitalization groups
  • Business news: #FPT, #HVN, #NVL, #HAG, #CTG, #VCB
  • Technical perspective and updated recommendations
  • Event calendar
  • Q&A
Hoang Nam

Page: 12


File format: pdf

Size: 1.41 MB