Morning call - Strong profit-taking has appeared


 Last week, the Dow rose 1.3%, the S&P 500 gained 1.6% and the Nasdaq Composite climbed 1.4%. Those moves came as Nvidia’s blockbuster earnings pushed the market higher, driven by strong demand for artificial intelligence-related products. Markets also shrugged off the hawkish tone from the Federal Reserve, with Fed Governor Christopher Waller saying that the Fed should delay rate cuts by at least another couple more months to see if January’s hot inflation report was a fluke. Investors now look ahead to the monthly personal consumption expenditures price index, the Fed’s preferred inflation gauge due on Thursday.


VNINDEX closed at 1,212 (-15.31 points, -1.25%) with trading volume 1.5 times higher than the average of 30 sessions. The market had 98 stocks up and 414 stocks down. The stocks that contributed to the market's increase were BID, FRT. On the other hand, the stocks that contributed to the market's decline were VIC and VHM. All sectors fell, the strongest being real estate, oil and gas, and chemicals. Foreigners continued to net sell strongly in the last 2 sessions.


  • World stocks: Trend remains positive despite FED's statement
  • Vietnam stocks: Strong profit-taking has appeared
  • Macro news
  • Business news: #FLC, #POW, #VIC, #BID #QNS, #HAX
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Hoang Nam

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