Vietnam Insight

In regular trading on Thursday, the Dow tumbled 1.53%, marking its worst day since March 2023. The S&P 500 and Nasdaq Composite also fell 0.74% and 0.39%, respectively. Those moves came as hotter-than-expected PMI data in the US fueled concerns that interest rates could stay elevated for some time.

VNINDEX closed at 1,281.03 (+14.12 points, +1.11%), liquidity maintained above the 20-session average. The market has 278 green codes and 152 red codes. Most industry groups increased, in which the oil and gas and basic materials groups had the strongest increases. Stock groups contributing to the market's increase include GAS HPG and PLX. On the contrary, the groups of stocks contributing to the market's decline were BID VND and FPT. Foreign countries returned to an insignificant net purchase of about VND66 billion.

• World stocks: US stocks undergo a significant correction
• Vietnamese stocks: Necessary market correction
• Macro news
• Business news: #BSR, #IDC, #RYG, #MWG, #HDB, #ITA
• Technical perspective and updated recommendations 
• Event calendar
• Q&A