Vietnam Insight

US equities finished in the red on Friday, with the S&P 500 closing 0.1% lower, below its all-time high of 5,374. The Nasdaq retreated by 0.2% and Dow Jones lost 87 points, after the robust jobs report alleviated concerns about an economic slowdown even though this might result in a possible postponement of Federal Reserve rate cuts. Nonfarm payrolls increased by 272K in May, surpassing the 185K estimate and April’s 175K gain. 

VNINDEX closed at 1,287.58 (+4.02 points, +0.31%), liquidity was low with an average of 20 sessions. The market had 235 green stocks and 178 red stocks. The stock groups that contributed to the market's increase were TCB, SAB, and FPT, while VCB, BID, and VPB contributed to the market's decline. Foreigners continued to net sell around VND 475 billion.

• World stocks: Stronger-than-expected jobs data for the US
• Vietnamese stocks: Flickering red and green
• Macro news
• Business news: #LHG, #PVD, #ACV, #OIL, #DBC, #GIL
• Technical perspective and updated recommendations 
• Event calendar
• Q&A