Vietnam Insight

In regular trading on Thursday, the Dow rose 1.39%, the S&P 500 jumped 1.61% and the Nasdaq Composite rallied 2.34%. Cisco also gave a bullish revenue forecast, sending its shares up 6.8%, while Walmart advanced 6.6% after beating earnings and revenue expectations. Those moves came as US retail sales data came in much stronger than anticipated and weekly jobless claims fell, allaying fears of a recession. Data earlier this week also pointed to further signs of easing inflation, boosting confidence that the Federal Reserve will start cutting interest rates in September.

The VNINDEX closed at 1,223.5 points, down 6.8 points (-0.55%) with lower-than-average trading volume over the past 20 sessions. The market saw 301 declining stocks and 109 advancing stocks. Stocks contributing to the market's gains included VHM, LPB, and HDB, while GVR, BID, and MSN contributed to the decline. The telecommunications and steel sectors declined sharply. Foreign investors continued to be net buyers, worth more than 120 billion dong.

• World stocks: US markets rally
• Vietnamese stocks: Steel stocks are continuously hitting new lows
• Macro news
• Business news: #PLX, #HHV, #IDC, #TCH, #CTR, #BWE
• Technical perspective and updated recommendations 
• Event calendar
• Q&A