Summary
Last week, the S&P 500 and Nasdaq Composite tumbled 1.97% and 3.65%, respectively. Meanwhile, the Dow edged up 0.72% and the small-cap focus Russell 2000 gained 1.7%. Those moves came as investors rotated out of mega-cap technology names into smaller cap stocks. Traders also adjusted portfolios ahead of an expected interest rate cut from the Federal Reserve in September.
VNINDEX closed at 1,264.78 (-9.66 points, -0.76%), liquidity decreased significantly compared to the previous session. The market has 126 green codes and 324 red codes. The group of stocks contributing to the market's uptrend includes MBB, VHM and ACB, whereas GVR, BID and HVN contributed to the market's downtrend. Most industry groups were in the red in the weekend session. Foreign investors net sold about 363 billion VND.
- World stocks: Concerns about potential trade barriers from the US
- Vietnamese stocks: Trading sideways around 1,250-1,280
- Macro news
- Business news: #DLG, #VND, #VPBankS, #CTD, #BAF, #HNA
- Technical perspective and updated recommendations
- Event calendar
- Q&A
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