Vietnam Insight

In regular trading on Wednesday, the Dow fell 1.27%, the S&P 500 dropped 1.47% and the Nasdaq Composite tumbled 1.5%, with all three benchmarks posting their worst one-day loss in months. Sales of previously owned homes in the United States went up 0.8% month-over-month to a seasonally adjusted annualized rate of 3.82 million units in November 2023, rising for the first time in five months, and rebounding from 3.79 million in October which was the lowest level since August 2010. The US current account deficit shrank by 7.6% to $200.3 billion in Q3 of 2023, compared with Q2's revised figure of $216.8 billion and the market consensus of a $196 billion gap. It is equivalent to 2.9% of the current-dollar GDP

VNINDEX closed at 1,100.7 (+4.46 points, +0.41%) with low liquidity. The market had 318 green codes and 151 red codes. The groups of stocks that contributed the most to the market's rise were MWG, MSN, and VNM, while the codes that contributed to the decline were TCB, LGC, and VCB. Most sectors recovered, with retail services, oil and gas, and insurance rising the most. Foreign investors continued to net sell.

• World stocks: Correction after a hot rally
• Vietnam stocks: The recovery is still ongoing
• Business news: #DCM, #HAG, #LIX, #QNS, #FRT, #IMP
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