Morning call - Too early to bottom-fishing


In regular trading on Thursday, the S&P 500 and Nasdaq Composite fell 0.22% and 0.52%, respectively, sliding for the fifth straight session and down 2.2% and 3.6%, respectively, so far this week. Meanwhile, the Dow inched up 0.06% but is also set to decline for the third straight week. Those losses came as investors scaled back bets on Federal Reserve rate cuts and started entertaining the possibility of no reductions at all this year. 


VNINDEX closed at 1,193.01 (-22.67 points, -1.86%) with liquidity down 60% compared to the previous session. The market had 137 green stocks and 348 red stocks. The stock groups contributing to the market's decline were BID, CTG, and GVR. On the other hand, the stock groups contributing to the market's increase were LPB, MSN, and GMD. Foreigners net sold heavily at VND 987 billion.


  • World stocks: Technical recovery
  • Vietnamese stocks: Too early to bottom-fishing
  • Macro news:
  • Business news: #FRT, #PVD, #CTG, #VDS, #SMB, #CTD
  • Technical perspective and updated recommendations   
  • Event calendar
  • Q&A
Hoang Nam

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