Vietnam Insight

For the first quarter, the S&P 500 rallied 10.2%, its best quarterly performance since 2019. The Dow also added 5.6% and the Nasdaq Composite climbed 9.1%. Fed rate cut expectations for this year and enthusiasm over artificial intelligence rove those gains. Investors now look ahead to more key data this week. Federal Reserve Chair Jerome Powell reiterated on Friday that the central bank was in no hurry to cut interest rates, and that the latest PCE inflation data was along the lines of what the Fed wants to see.

VNINDEX closed at 1,284.09 (-6.09 points, -0.47%) with 159 green stocks, and 296 red stocks, liquidity remained average. Foreign investors continued to net sell nearly VND 800 billion, while domestic investors net bought insignificantly. The stock groups contributing to the market's increase were LPB VIB, while the large-cap stock groups affecting the market's decline were VCB BID MSN. All sectors have mixed movements. 

• World stocks: US stocks closed for holiday, PCE data in line with expectations
• Vietnamese stocks: VN-INDEX rose more than 13% in Q1
• Macro news
• Business news: #REE, #DIG, #ABB, #ORS, #DPM, #VND
• Technical perspective and updated recommendations
• Event calendar
• Q&A