Vietnam Insight

In regular trading on Wednesday, the Dow fell 0.25% for its third straight down day, while the S&P 500 and Nasdaq Composite dropped 0.56% and 0.59%, respectively, for their second straight losing day. Those moves came as the benchmark 10-year US yield touched 4.1% on Wednesday, its highest in five weeks, following hawkish statements from a US Federal Reserve official. Stronger-than-expected retail sales data for December also tempered expectations that the central bank might initiate a rate-cutting campaign as early as March. Retail sales in the US soared 0.6% month-over-month in December 2023, following a 0.3% rise in November and beating forecasts of 0.4%.

VNINDEX closed at 1,162.53 (-0.59 points, -0.05%) with improved liquidity compared to the previous session, at the average of 20 sessions. The market had 233 green codes and 241 red codes. The groups of stocks that contributed the most to the market's rise were VCB, GVR, and MWG. On the other hand, the groups of stocks that contributed to the market's decline were VHM, CTG, and VPB. Foreigners continued to buy net with a value of VND142 billion.

• World stocks: Retail data in the US is higher than expected
• Vietnam stocks: The opposite trend of large-cap stocks
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