Vietnam Insight

In regular trading on Monday, the Dow fell 0.73%, the S&P 500 lost 0.36% and the Nasdaq Composite shed 0.13%. Those losses came as Fed Powell said in a “60 Minutes” interview aired on Sunday that the central bank will likely move at a considerably slower pace on rate cuts than the market expects. Fresh data showed that US ISM Services PMI reached a four-month high of 53.4 in January, surpassing expectations of 52. The PMI release along with the Fed Chair Powell’s latest statements on Sunday, dampened expectations of a rate cut in March.

VNINDEX closed at 1,186 (+13.51 points, +1.15%) with liquidity higher than the average of 30 sessions. The market had 270 green stocks and 212 red stocks. The group of stocks contributing to the market's increase were CTG, BID and MBB. On the other hand, the group of stocks contributing to the market's decline were VCB VRE BCM. Most of the industries increased strongly, of which the banking and industrial services group increased the most.

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• Technical perspective and updated #PTB, #STB
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