Vietnam Insight

The S&P 500 rose 0.5% to a record close of 5,537 and the Nasdaq 100 gained 0.8% for a record close of 20,187, while the Dow edged 40 points lower. The ISM PMI showed that services activity contracted the most in four years in June, contrasting sharply from expectations of an expansion. In turn, the ADP report showed that fewer private-sector jobs were added, while outstanding unemployment claims rose to their highest in over two years.

VNINDEX closed at 1,276.85 (+7.06 points, +0.56%), liquidity continued to maintain a level lower than the 20-session average. The market has 242 green codes and 161 red codes. The group of stocks that contributed to the market's increase included BID, FPT and TCB, whereas HVN VIC and VRE contributed to the market's decrease. Most industry groups recovered positively. Foreign investors net sold about VND 500 billion. 

• World stocks: The US Services PMI fell to its lowest level in four years
• Vietnamese stocks: Positive reversal signal 
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