Vietnam Insight

Last week, the S&P 500 and Nasdaq Composite rallied 1.95% and 3.5%, respectively, with both benchmarks reaching new all-time highs. The Dow lagged behind its peers, gaining only 0.66%.Those moves came as the latest batch of US economic reports showed signs of a slowing economy, bolstering bets on Federal Reserve interest rate cuts. Meanwhile, June consumer inflation data will be scrutinized this week to guide the rates outlook further. The US economy added 206K jobs in June 2024, slightly below a downwardly revised 218K in May and above forecasts of 190K.

VNINDEX closed at 1,283.04 (+3.19 points, +0.25%), liquidity continued to remain lower than the 20-session average. The market has 182 green codes and 231 red codes. The group of stocks contributing to the market's uptrend includes HVN, FPT and LPB, while SAB VRE and HDB contributed to the market's downtrend. Most industry groups recovered positively. Foreign investors net sold about 380 billion VND.

• World stocks: U.S. employment data falls from the previous month.
• Vietnamese stocks: Waiting for cash flow to enter the market
• Macro news
• Business news: #KDH, #CSV, #VSC, #DIG, #LGH, #SBG
• Technical perspective and updated recommendations 
• Event calendar
• Q&A