Morning call - VN-Index goes on a 'roller coaster' when entering the resistance zone
01/08/2024

Summary

In regular trading on Wednesday, the Dow rose 0.24%, the S&P 500 gained 1.58% and the Nasdaq Composite rallied 2.64%. The market also rallied as the Federal Reserve held its funds rate unchanged, but noted that it may be ready to cut its interest rate in September should inflation continue to improve. Investors now turn their focus to the highly-anticipated monthly jobs report on Friday.

 

VNINDEX closed at 1,251 points (+6.46 points, +0.52%) with improved liquidity to the 20-day average. The market had 206 gainers and 224 decliners. Stocks contributing to the market's increase included VCB, VNM, and GAS, while HPG, HVN, and PLX contributed to the decline. Banking and consumer goods stocks performed well during the session. Foreign investors net sold about 674 billion dong, focusing on VIC and HSG.

 

  • World stocks: The Fed's decision to maintain interest rates is as expected
  • Vietnamese stocks: VN-Index goes on a 'roller coaster' when entering the resistance zone.
  • Macro news
  • Business news: #KBC, #HPG, #BAF, #AAA, #BSR, #DGW
  • Technical perspective and updated recommendations  
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

Page: 13

Lauguage:

File format: pdf

Size: 1.22 MB