Vietnam Insight

In regular trading on Wednesday, the Dow fell 1.25%, the S&P 500 plunged 2.32% and the Nasdaq Composite sank 3.64%. The underwhelming megacap earnings also raised doubts about the sustainability of the artificial intelligence-driven bull market. Investors now look ahead to more earnings reports on Thursday, as well as weekly jobless claims and preliminary second-quarter GDP data. The S&P Global US Composite PMI rose to 55.0 in July 2024 from 54.8 in June, the highest since April 2022, indicating continual growth over the past 18 months, flash estimates showed.

VNINDEX closed at 1,238.47 (+6.66 points, +0.54%), liquidity at the average level of 20 trading sessions. The market has 259 green codes and 177 red codes. The group of stocks contributing to the market's increase included GVR PLX SSB, while HVN MWG and SSI contributed to the market's decrease. Most industry groups showed recovery in the afternoon session. Foreign investors net bought about VND 238 billion

• World stocks: Waiting for more macro data this week
• Vietnamese stocks: Waiting for a reversal
• Macro news
• Business news: #PTB, #VIC, #VNS, #BIC, #VIC, #DGC
• Technical perspective and updated recommendations #NLG 
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