Market Report Week 19 - Some economic headwinds



  • In the US, the unemployment rate rose to 3.9%, contrary to analysts' expectations that it would remain at 3.8%. The report released by the US Department of Labor showed that the world's largest economy created 175,000 jobs in April, lower than the expectation of 240,000 and lower than the previous month (March employment was 315,000).
  • Compared to December 2023, Vietnam's CPI in April increased by 1.19% YTD and by 4.4% YoY. On average in the first 4M/2024, CPI increased by 3.93% YoY; core inflation increased by 2.81% YoY.

Technical view: On the weekly chart, the market continued to recover, closing at 1,244 (+23 points, +1.94% YoY) with improved liquidity. However, VNINDEX shows signs of going sideways in the 1,250 zone, indicating that supply and demand are balanced in this area. The market is expected to trade in the range of 1,230 - 1,280.

Investment Ideas: Investors should limit new purchases during this period as the short-term upward trend from the bottom shows signs of weakening.

  • Movement of cash flows and capital flows
  • Top stocks worth noting
  • Macro data
Hoang Nam

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