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

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