Vietnam Insight

In regular trading on Thursday, the Dow rose 0.64%, the S&P 500 gained 0.53% and the Nasdaq Composite added 0.18%. Those moves came as higher-than-expected US economic growth in the fourth quarter bolstered hopes that the economy has avoided a deep recession, boding well for corporate America. The US economy expanded an annualized 3.3% in Q4 2023, much better than forecasts of a 2% rise, and following a 4.9% rate in Q3, according to the advance estimate.

VNINDEX closed at 1,170.37 (-2.6 points, -0.22%) with declining liquidity. The market had 140 green and 301 red codes. The stock groups that contributed the most to the market's rise were MWG, FRT, and MSN. On the other hand, the stock groups that contributed to the market's decline were BID, SAB, and VHM. Foreigners continued to net buy around VND140 billion. There was a strong differentiation in the rise and fall of the industry groups.

• World stocks: Positive ahead of US Q4 GDP data
• Vietnam stocks: The correction process is still ongoing
• Business news: #BVB, #FRT, #VOS, #TCB, #LPB, #BMP
• Technical perspective and updated recommendations
• Event calendar
• Q&A