Vietnam Insight

In regular trading on Monday, the Dow fell 0.3%, while the S&P 500 and Nasdaq Composite gained 0.11% and 0.56%, respectively. Those moves came as weak US manufacturing data for May weighed on market sentiment, while investors continued to assess the chances of Federal Reserve interest rate cuts. Investors now look ahead to US job opening factory order data for April on Tuesday, as well as the highly anticipated month jobs report on Friday. The ISM Manufacturing PMI unexpectedly edged lower to 48.7 in May 2024 from 49.2 in April, below forecasts of 49.6.

VNINDEX closed at 1,280.0 (+18.28 points, +1.45%), with liquidity higher than the 20-session average. The market had 367 gainers and 96 losers. Most sectors were up, with the most notable being telecommunications, finance, and consumer goods. Stocks that contributed to the market's gain included VCB, MBB, and CTG, while GVR, DHG, and EIB contributed to the market's decline. Foreigners continued to net sell lightly, around VND 244 billion.

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• Technical perspective and updated recommendations #VIB, #SZC
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