Morning call - Breaking below the critical support level of 1,250
01/07/2024

Summary

On Friday, the Dow fell 0.12%, the S&P 500 lost 0.41% and the Nasdaq Composite tumbled 0.71%.  Investors now look ahead to US manufacturing PMI data on Monday for more insight on the economy.

 

VNINDEX closed at 1,245 points (-13.77 points, -1.09%), liquidity was low. The market had 79 green stocks and 335 red stocks. The stock groups that contributed to the market's increase were EIB, VIC and VNM, while GVR, BID and HPG contributed to the market's decline. Most industry groups fell, with the oil and gas group falling the most. Foreign investors net sold about VND 1,167 billion.

 

  • World stocks: Looking ahead to US PMI data
  • Vietnamese stocks: The loss of the important support level of 1250 has increased short-term risks
  • Macro news
  • Business news: #LTG, #VHM, #SGN, #POW, #HSG, #GMC
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

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