Morning call - Liquidity has significantly decreased
13/09/2024

Summary

In regular trading on Thursday, the Dow rose 0.58%, the S&P 500 gained 0.75% and the Nasdaq Composite climbed 1%. Meanwhile, data released on Thursday showed that US producer prices rose more than expected in August. Still, markets expect the Federal Reserve to start cutting interest rates next week. Traders are assigning a 59% chance that the Fed will deliver a 25 basis point rate cut, with a 41% odds seen for a larger 50 bps reduction.

 

VNINDEX closed at 1,256.35 (+3.08 points, +0.25%) with liquidity below the 20-session average. The market had 218 green stocks and 163 red stocks. The group of stocks contributing to the market's increase included VCB FPT VPB while SSB HPG NVL contributed to the market's decrease. All industry groups ended the session in light green. Foreign investors net sold more than VND 187.99 billion.

 

  • World stocks: Expecting FED to cut interest rate next week
  • Vietnamese stocks: Liquidity has significantly decreased
  • Macro news
  • Business news: #VCB, #TAL, #GIL, #HPX, #DIG, #TNH
  • Technical perspective and updated recommendations 
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

Page: 13

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