Market Report Week 20 - Reclaim what was lost
17/05/2024
Summary
Highlights:
- U.S. consumer price index (CPI) rises 0.3% from the previous month, lower than the forecast of 0.4% by experts.
- Vietnam's total import and export value of goods is estimated to reach USD 238.88 billion in the first 4 months of 2024 (+15.2% YoY); of which exports increased by 15%, imports increased by 15.4%. Trade surplus of goods reached USD 8.4 billion.
- 2/3 of participants in the Reuters May survey predict the first rate cut will occur in September.
Technical view: On the weekly chart, the market continued to extend its fourth winning streak with increasing liquidity, closing at 1,273 (+28.4 points, +2.28%). Thus, the market has officially regained all the points lost in the record-breaking decline on April 15. We believe that the market is likely to face fluctuations when approaching the old resistance zone of 1,280-1,300.
Investment Ideas: Investors should disburse with stocks that have a strong accumulation but still maintain a low weight. Pay attention to the real estate, export, transportation, oil and gas, securities and retail sectors, which are expected to grow well in the coming period.
- Movement of cash flows and capital flows
- Top stocks worth noting
- Macro data
Category
Daily
Author
Hoang Nam
Details
Page: 9
Lauguage:
File format: pdf
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