Vietnam Insight

In regular trading on Wednesday, the Dow fell 1%, the S&P 500 dropped 0.95% and the Nasdaq Composite lost 0.84%. Those losses came as a hot March inflation reading raised concerns that the Federal Reserve may implement fewer rate cuts than expected, with markets now seeing only two rate reductions instead of three this year. Annual inflation rate in the US accelerated for a second straight month to 3.5% in March 2024, the highest since September, compared to 3.2% in February and forecasts of 3.4%. 

VNINDEX closed at 1,258.56 (-4.26 points, -0.34%) with a sharp decrease in liquidity compared to the previous session. The market had 177 green stocks and 275 red stocks. The group of stocks contributing to the market's decline included BID CTG GVR. On the other hand, the group of stocks contributing to the market's increase included VHM VIC and HVN. The oil and gas group and the basic materials group put downward pressure on the session today. Excluding the MBB agreement, today, foreigners net sold about 1,000 billion VND.

• World stocks: CPI higher than expected
• Vietnamese stocks: Running out of steam 
• Macro news:
• Business news: #DGC, #FPT, #CTR, #EIB, #HAH, #MIG 
• Technical perspective and updated recommendations
• Event calendar
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