Vietnam Insight

Last week, the Dow rose 1.27%, the S&P 500 gained 1% and the Nasdaq Composite climbed 0.89%. Those moves came as investors piled on bets that US interest rates have already peaked, with weak consumer spending data suggesting the Federal Reserve’s rate hikes are finally starting to weigh on the broader economy. Preliminary S&P Global PMIs also painted a mixed scenario in the US, with manufacturing contracting more than expected while services rose at a faster pace. Investors now look ahead to more economic data this week including new home sales, the latest Dallas Fed Manufacturing Survey, consumer confidence and inflation figures.

VNINDEX closed at 1095.06 (+7.3 points, +0.68%) with increased liquidity. The market had 290 green stocks and 210 red stocks. The groups of stocks that contributed the most to the market's rise were VHM, BID, and HPG. On the other hand, BCM and CTG dragged the market down. Most of the industry groups rebounded strongly, including the media, resources, and automotive and auto parts sectors. Foreign and self-owned blocks traded insignificantly.

• World stocks: Readjustment is inevitable after a period of rapid growth
• Vietnamese stocks: The market rose with low liquidity
• Business news: #NVL, #FRT, #VCB, #HPG, #NLG, #NKG
• MEETING MINUTES: UPDATE NAM LONG INVESTMENT CORPORATION (NLG) 28/11/2023 
• Technical perspective and updated recommendations
• Event calendar
• Q&A