Vietnam Insight

Last week, the Dow gained 1.62%, the S&P 500 climbed 1.36% and the Nasdaq Composite jumped 1.49%. Those moves came as the Fed lowered its policy rate by 50 basis points for its first reduction in four years. The market reacted negatively after the initial announcement before rallying the following session

VNINDEX closed at 1,272.04 (+0.77 points, +0.06%) with strong liquidity as the index approached 1,300 points. The market had 224 green codes and 185 red codes. The group of stocks contributing to the market's increase included ACB HPG TCB while VCB VIC VHM contributed to the market's decrease. The banking group continued to increase well during the session. Foreign investors net sold more than 303.59 billion VND.

• World stocks: Positive developments after the FED cuts interest rates
• Vietnamese stocks: Selling increased at resistance zone
• Macro news
• Business news: #HPG, #DBT, #NLG, #NTL, #VIC, #NRC
• Technical perspective and updated recommendations  
• Event calendar
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