Vietnam Insight

For the year, the Dow and S&P 500 rallied 13.7% and 24.2%, respectively, as inflation decelerated sharply, the economy remained strong and the Federal Reserve is set to cut rates in 2024. Moreover, the market endured a regional banking crisis in the US, as well as wars in Ukraine and the Middle East. The Nasdaq 100 also surged 54.9% to mark its best year since 2020, aided by a strong rebound in mega-cap technology names and enthusiasm over artificial intelligence. Meanwhile, analysts are warning of a challenging year ahead for equities amid concerns over the economy and corporate profits.

VNINDEX closed at 1129.93 points (+0.09%), with relatively low liquidity. The market rose slightly with 295 green and 190 red codes. Most sectors rose, the strongest being chemicals and telecommunications. Foreign investors stopped net selling, while local investors bought net slightly.

• World stocks: Mixed movements
• Vietnam stocks: Resistance remains high without Large-Cap consensus
• Business news: :#SMC, #FUEVFVND, #VTR, #VHM, #GMD, #NVL
• Technical perspective and updated recommendations #DCM
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