Vietnam Insight

 Last week, the Dow rose 2.94%, the S&P 500 gained 3.93% and the Nasdaq Composite rallied 5.29%. Those moves came as the market recovered quickly from a sharp selloff earlier this month amid easing recession fears and an imminent Federal Reserve rate cut. Investors now look ahead to Fed Chair Jerome Powell’s speech in Jackson Hole, Wyoming and the latest FOMC minutes later this week for further guidance on the monetary policy path. Earnings are also set to come from Palo Alto Networks and Estee Lauder on Monday.

VNINDEX closed at 1,252.2 points (+28.6 points, +2.34%) with trading volume higher than the 20-day average. The market had 41 declining stocks and 413 advancing stocks. Stocks contributing to the market's gain included GVR, BID, and MWG, while VSH, TMS, and TBC contributed to the decline. All industry groups gained strongly. Foreign investors continued to net sell over 75 billion dong.

• World stocks: Stable developments, awaiting the FOMC meeting this week
• Vietnamese stocks: The VN-index has restored investor confidence
• Macro news
• Business news: #FPT, #POW, #TCB, #PPC, #LDG, #HBC
• Technical perspective and updated recommendations 
• Event calendar
• Q&A