Vietnam Insight

Last week, the S&P 500 and Nasdaq Composite gained 1.58% and 3.24%, respectively, notching their seventh winning week in eight amid a strong rally in technology stocks. Meanwhile, the Dow lost 0.54% last week, its third losing week in four. Those moves came as the Federal Reserve signaled only one interest rate cut this year which could come as late as December, even as US inflation figures for May came in below market expectations

VNINDEX closed at 1,279.91 (-21.6 points, -1.6%), liquidity increased compared to the average of 20 sessions. The market had 89 green stocks and 366 red stocks. The groups of stocks that contributed to the market's increase included HVN, LPB, and FPT, while GVR, VPB, and CTG contributed to the market's decline. Most industry groups declined, with the strongest decline in the securities and banking sectors. Foreigners continued to net sell about VND 571 billion.

• World stocks: Global stocks sink into the red
• Vietnamese stocks: The 1,300-point mark has been breached
• Macro news
• Business news: #PET, #TV2, #SBS, #MCM, #GSM, #CTR
• Technical perspective and updated recommendations 
• Event calendar
• Q&A