Vietnam Insight

Stocks in the US closed lower on Tuesday, as investors scaled back their expectations that the Federal Reserve would ease monetary policy in June, after fresh data continued to show that the US economy remains strong. The S&P 500 fell 0.7%, the Dow dropped 396 points, and the Nasdaq slid 0.9%. February saw a rise in US job openings by 8,000 to 8.756 million, slightly surpassing forecasts of 8.75M. Additionally, factory orders exceeded expectations, echoing the prior day's ISM manufacturing report indicating growth after 18 months of decline. 

The VNINDEX closed at 1,287.04 (+5.52 points, +0.43%) with trading volume up more than 30%. The market had 248 green stocks and 241 red stocks. The stocks that contributed to the market's uptrend were GVR GAS and HPG. On the other hand, the stocks that contributed to the market's downtrend were VCB STB and BID. The oil and gas and technology groups continued to increase sharply. Foreigners continued to sell net heavily at around 737 billion, with STB being the focus.

• World stocks: The US macro economic data is quite good
• Vietnamese stocks: Reversal at the end of the session
• Macro news
• Business news: #STB, #CTS, #VCI, #PVS, #OIL, #HPG
• Technical perspective and updated recommendations #DHC, #TIP
• Event calendar
• Q&A