Vietnam Insight

In regular trading on Wednesday, the Dow gained 0.88%, the S&P 500 climbed 1.17% and the Nasdaq Composite rallied 1.4%. Those moves came as April's inflation data showed that both headline and core annual inflation slowed, and retail sales unexpectedly stalled, bolstering expectations that the Federal Reserve may start cutting interest rates in September. Annual inflation rate in the US eased to 3.4% in April 2024 from 3.5% in March which was the highest reading since September, in line with market forecasts.

VNINDEX closed at 1,254.39 (+11.11 points, +0.89%) with improved liquidity compared to the previous session. The market has 290 green codes and 126 red codes. Stock groups contributing to the market's increase include HPG, FPT, and BID. On the contrary, the stock groups contributing to the market's decline were VPB, ACB and PDN. Foreign countries returned to net buy about +296 billion.

• World stocks: Inflation data eased as expected
• Vietnamese stocks: Stalemate at the resistance zone
• Macro news
• Business news: #VDS, #NVL, #VSC, #VJC, #HVN, #Agribank, #TDC
• Technical perspective and updated recommendations #HAH, #BSI #DXG
• Event calendar
• Q&A