Vietnam Insight

In regular trading on Monday, the Dow rose 0.02%, the S&P 500 gained 0.07% and the Nasdaq Composite inched up 0.01%, with traders getting chopped around amid a central bank-heavy week. The NAHB/Wells Fargo Housing Market Index in the United States declined for a second month to 45 in September 2023, the lowest in five months, from 50 in August and below forecasts of 50. The gauge for current single-family home sales went down to 51 from 57 and the gauge for prospective buyers dropped 5 points to 30.

The VNINDEX closed at 1,211.8, down 1.27%, with continued decreasing trading volume. The most significant contributors to today's sharp decline were VHM, VCB, and BID. On the flip side, VHC and VND made slight contributions to the increase. Proprietary trading returned with strong net buying after two consecutive net selling sessions, while foreign investors continued to be net sellers. Most industry sectors experienced significant declines, particularly in the banking and petroleum sectors.

• World stocks: Global markets decreased slightly before the upcoming FED meeting
• Vietnamese stocks: The market fluctuates around the MA20 area
• Business news: #DXG, #LPB, #FCN, #PVT, #STB, #MVN, #SKV
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