Vietnam Insight

The S&P 500 closed 0.2% lower on Thursday after briefly peaking at a new high of 5,500. Similarly, the Nasdaq retreated by 0.8% from earlier record levels, reflecting a pullback in the performance of tech megacaps.  Investors took advantage of the sector’s strong momentum and cashed their gains while continuing to speculate on how far megacaps that lead the AI rally can continue to carry major stock indices, as economic data shows growing evidence that the US economy is slowly losing its resilience to higher interest rates by the Fed.

VNINDEX closed at 1,282.3 (+2.51 points, +0.2%), with average liquidity. The market had 189 gainers and 242 losers. The stocks that contributed to the market's gain included VPB, FPT, and TCB, while BID, VCB, and CTG contributed to the market's decline. Most sectors fell, with the telecommunications sector rising the most. Foreigners net sold around VND 991 billion.

• World stocks: Mixed movements
• Vietnamese stocks: Pulling up the pillars to hold the index
• Macro news
• Business news: #VTP, #MBB, #VEA, #GEX, #BCM, #GEG
• Technical perspective and updated recommendations 
• Event calendar
• Q&A