Morning call - Market to struggle around the 1300-point threshold
30/09/2024

Summary

US stocks finished mixed on Friday as investors analyzed fresh inflation data that may impact the Federal Reserve's upcoming decisions on interest rates. The S&P 500 lost 0.1%, and the Nasdaq slipped by 0.4%, pressured by a 2.1% drop in Nvidia shares, while the Dow Jones hit a fresh record with a 0.3% gain. The August PCE index, the Fed's preferred inflation measure, showed a mild 0.1% increase, signaling cooling price pressures.

 

The VNINDEX closed at 1,290.92 points (-0.57 points, -0.04%), with significantly improved liquidity above the 20-day average. The market saw 148 gainers and 228 decliners. Stocks contributing to the market's gains included CTG, STB, and EIB, while VHM, GVR, and GAS contributed to the decline. Foreign investors were net buyers of over 251 billion dong

 

  • World stocks: Wall Street has seen a 3-week winning streak.
  • Vietnamese stocks: Market to struggle around the 1300-point threshold
  • Macro news
  • Business news: #DBD, #SLS, #VJC, #PVI, #VBB, #DCM
  • Technical perspective and updated recommendations
  • Event calendar
  • Q&A
Category
Daily
Author
Thao Nguyen
Details

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