Morning call - Liquidity remains low
09/09/2024

Summary

Last week, the S&P 500 dropped 4.25% for its worst week since March 2023, while the Nasdaq Composite tumbled 5.77% for its biggest weekly fall since January 2022. Those moves came as weak US manufacturing and labor market data stoked fears of a slowing economy. The August jobs report revealed that nonfarm payrolls grew less than expected, although the jobless rate edged lower. Investors now look forward to key inflation data this week that could provide more insights ahead of the Federal Reserve’s interest rate decision this month.

 

VNINDEX closed at 1,273.96 (+5.75 points, +0.45%) with liquidity falling below 20 sessions. The market had 118 green codes and 285 red codes. The group of stocks contributing to the market's increase included BID MSN CTG while VIC SSB HDB contributed to the market's decrease. Industry groups were differentiated, except for the real estate group. Foreign investors net bought more than 233.3 billion VND.

 

  • World stocks: Waiting for the US Inflation data this week
  • Vietnamese stocks: Liquidity remains low
  • Macro news
  • Business news: #MSN, #DBC, #PDR, #DRH, #HAH, #ACB
  • Technical perspective and updated recommendations  
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

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