Market Report Week 02 - Market slows down, banking sector continues to shine



According to data released by the U.S. government on January 11, the Consumer Price Index (CPI) in December 2023 rose 0.3% MoM, higher than the previous forecast of 0.2%. This is also the highest level in the last three months of 2023. CPI closed the year 2023 up 3.4%, higher than the market's expectation of 3.2%.

The Red Sea crisis has led to a significant increase in freight rates from Asia to North America. Freight rates from Asia to the east coast of North America have increased by 55% to $3,900 per 40-foot container. Freight rates to the west coast have increased by 63% to over $2,700.

Technical view: The VNINDEX closed at 1,154.7 (+0%) on the weekly chart of the second trading week of 2024. This was a doji candle, which indicates indecision among investors. The STOCH RSI indicator also fell below the signal line, which is a sign of a weakening upward trend.

Investment Ideas: Investors continue to pay attention to the sectors that benefit from this period, such as banking and securities, with a priority on holding and being ready to take profits. It is necessary to wait for more time to be able to clearly identify the next sector that will be targeted by the money in the future.

  • Movement of cash flows and capital flows
  • Top stocks worth noting
  • Macro data
Hoang Nam

Page: 9


File format: pdf

Size: 693.27 KB