Vietnam Insight

 In regular trading on Wednesday, the Nasdaq Composite plunged 2.43%, the S&P 500 tumbled 1.43% and the Dow lost 0.32%. Those losses came as investors weighed the latest batch of corporate reports, with disappointing results from Alphabet pressuring the market.  Investors now look ahead to more earning reports and preliminary Q3 GDP figures on Thursday for more clues. Sales of new single-family houses in the United States surged by 12.3% to a seasonally adjusted annualized rate of 759 thousand in September 2023, up from a revised 676 thousand in the previous month and surpassing the market consensus of 680 thousand.

VNINDEX closed at 1,101 points (-4.24 points, -0.38%) with relatively low liquidity. The market decreased with 274 red stocks and 190 green stocks. Foreign investors continued to net sell more than 500 billion VND, while proprietary traders increased their net buying to 340 billion VND. Stocks leading the market include VIC VHM and MWG, while BID VNM CTG contributed to the market's decline. Industry groups with strong increases include telecommunications, automobiles and spare parts, and retail.

• World stocks: Mixed movements
• Vietnam stocks: Buying demand is still weak
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