Stock market October 26: VN-Index closes to reference after shaking off at the beginning of the session

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The negative trading sentiment caused investors to witness a drop off session at the beginning of the morning session. 300 losers/67 gainers, the sellers completely prevailed under the consensus selling pressure from investors. However, the reciprocal demand appeared so the general index immediately narrowed the drop to near reference.

As of 9:30 a.m., the VN-Index was down 1.37 points (0.1 percent) at 1,384.03, the HNX-Index was up 0.11 points (0.03 percent) at 395.99, and the UPCoM-Index was up 0.03 points (0.03 percent) at 100.95.

The negative trading sentiment caused investors to witness a drop off session at the beginning of the morning session. 300 losers/67 gainers, the sellers completely prevailed under the consensus selling pressure from investors. However, the reciprocal demand appeared so the general index immediately narrowed the drop to close to reference. Market breadth was somewhat better with 275 losers/93 gainers.

The market was covered in red with correcting pressure from most industry groups. There are few stocks that can maintain the green color such as oil and gas, insurance, equipment, services & distribution of oil and gas. Banking and real estate are the two main drags of the market.

Returning to international developments, the US stock market on October 25th went up as investors were optimistic before the technology giants announced third-quarter business results.

The Dow Jones Industrial Average rose 64 points, or 0.18%, to a new high of 35,741 points. The S&P 500 Index also rose 0.47% to a new record of 4,566.48 points.

The tech-heavy Nasdaq Composite index outperformed with a gain of 0.9% and closed at 15,226.7 points as it was strongly supported by Tesla shares.

Source: vietnambiz.vn – Translated by fintel.vn