Vietnam Insight

Last week, the S&P 500 and Nasdaq Composite fell 0.83% and 2.08%, respectively. Meanwhile, the Dow and Russell 200 gained 0.75% and 3.5%, respectively, as investors rotated out of mega-cap tech names into interest rate sensitive stocks such as small-caps. The personal consumption expenditure price index in the US edged up 0.1% month-over-month in June 2024, following a flat reading in May, in line with forecasts.

VNINDEX closed at 1,242.11 (+8.92 points, +0.72%), liquidity dropped sharply below the 20-session average. The market had 284 green codes and 129 red codes. The group of stocks contributing to the market's increase included MSN FPT BCM, while LPB, VRE and NVL contributed to the market's decline. Most industry groups showed recovery in the last session of the week. Foreign investors net bought about VND388.89 billion.

• World stocks: The U.S. PCE increased slightly in line with forecasts
• Vietnamese stocks: Waiting for more buyers
• Macro news
• Business news: #MSN, #VIB, #HBC, #DIG, #KDH, #POW
• Technical perspective and updated recommendations  #CTG
• Event calendar
• Q&A