Market Report Week 33 - A Joyful Weekend
16/08/2024
Summary
Highlights:
- According to the US Bureau of Labor Statistics' report released on August 14th, the Consumer Price Index (CPI) increased by 2.9% year-over-year, lower than the 3% forecast by economists. All three major US stock indices maintained their upward momentum.
- The VND/USD exchange rate has recently shown signs of cooling down and is expected to continue this positive trend for the rest of the year.
Technical view: The VN-Index closed the week at 1,252 points (+28.59 points; +2.34%) with a significant surge in trading volume on Friday. This suggests a strong momentum-driven rally that has allowed the market to reclaim the 50-day EMA. We expect the market to retest the 1,240 level and then rebound, creating new investment opportunities for investors.
Investment Ideas: We recommend that investors consider stocks with solid foundations and that have not risen significantly above their support levels. Recommended sectors include food and beverage, retail, and exports.
- Movement of cash flows and capital flows
- Top stocks worth noting
- Macro data
Category
Weekly
Author
Hoang Nam
Details
Page: 9
Lauguage:
File format: pdf
Size: 692.84 KB