Vietnam Insight

In regular trading on Thursday, the Dow fell 0.86%, the S&P 500 lost 0.6% and the Nasdaq Composite dropped 1.08%. The US economy expanded an annualized 1.3% in Q1 2024, below 1.6% in the advance estimate and 3.4% in Q4 mainly due to a downward revision in consumer spending. The second estimate came in line with market forecasts, and continues to point to the lowest growth since the contractions in the first half of 2022. 

VNINDEX closed at 1,266.32 (-6.32 points, -0.5%), liquidity higher than the 20-session average. The market has 156 green stocks and 277 red stocks. Financial stocks continued to correct in today session. Groups of stocks contributing to the market's increase include GVR MWG and MSN. On the contrary, the groups of stocks contributing to the market's decline were VCB BID and VIC. Foreign net sellers were about VND -1,356 billion.

• World stocks: US Q1 GDP growth is low
• Vietnamese stocks: Demand supported the market
• Macro news
• Business news: #MSN, #HPG, #QCG, #PET, #PSH, #EIB
• Technical perspective and updated recommendations 
• Event calendar
• Q&A