Vietnam Insight

Stable market movement, US markets closed on Thursday for Thanksgiving. US stocks ended Wednesday’s session in the red, following a strong rally in November. The S&P 500 and Dow Jones dropped 0.4% and 0.3%, respectively, while the Nasdaq 100 fell more sharply, losing 0.8%. US markets will be closed on Thursday for the Thanksgiving holiday.

Selling pressure emerged at the 1,250 level. The VNINDEX closed at 1,242.11 (+0.14 points, +0.01%) with low liquidity. The market had 193 stocks in the green and 181 in the red. Stocks contributing to the market’s gains included CTG and VIB, while VHM and BID contributed to the decline. Most sectors showed gains, while the financial and consumer sectors declined. Additionally, foreign investors continued to buy moderately with a net value of nearly 45 billion VND.

Trading strategy: Investors should temporarily refrain from buying new stocks, particularly those with high market volatility. It is advisable to observe the market closely and be ready to sell if stocks hit target price levels as per the predetermined scenario.