Morning call - Tug-of-war at the resistance level
22/05/2024

Summary

In regular trading on Tuesday, the S&P 500 and Nasdaq Composite rose 0.25% and 0.22%, respectively, with both benchmarks closing at new record highs. The Dow also gained 0.17%, recouping some losses from the previous session. Those moves came as investors assessed a series of earnings reports from retailers, while digesting the latest comments from Federal Reserve officials.

 

VNINDEX closed at 1,277.14 (-0.44 points, -0.03%) with liquidity remaining above the 20-session average. The market has 207 green codes and 236 red codes. Stock groups contributing to the market's rising momentum include FPT, BID, and GAS. On the contrary, the group of stocks contributing to the market's decline were VCB, TCB and VHM. Foreign net selling is about -715 billion.

 

  • World stocks: Mixed movements
  • Vietnamese stocks: Tug-of-war at the resistance level
  • Macro news
  • Business news: #GDT, #TCM, #DCM, #LTG, #PLX, #TAL
  • Technical perspective and updated recommendations #PDR
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

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