Vietnam Insight

Last week, the S&P 500 and Nasdaq Composite reached all-time highs as technology stocks continued to rally despite uncertainties around the economic outlook and Federal Reserve interest rate cuts. Meanwhile, the Dow gained 1.5% last week as traders rotated into more reasonably valued sectors like financials, consumer staples and energy. Investors now look ahead to the Fed-preferred PCE inflation data this week for further guidance.

The VNINDEX closed at 1,282.02 (-0.28 points, -0.02%), with liquidity decreasing. The market had 185 gainers and 234 losers. The stocks that contributed to the market's gain included LPB, FPT, and GVR, while TCB, HPG, and HDB contributed to the market's decline. Foreign investors net sold approximately VND  1,005 billion.

• World stocks: Waiting for PCE data this weekend
• Vietnamese stocks: Sideways but highly differentiated
• Macro news
• Business news: #ACV, #HVN, #FRT, #PNJ, #VGT, #VNA
• Technical perspective and updated recommendations #KDH
• Event calendar
• Q&A