Vietnam Insight

Global stocks stabilize – US Manufacturing PMI data improves significantly. US stock futures remained steady on Tuesday after the S&P 500 and Nasdaq Composite reached new record highs to kick off December, gaining 0.24% and 0.97%, respectively. In contrast, the Dow Jones dropped 0.29%. Investors are now focusing on key US labor market data, including Friday’s November nonfarm payrolls report. Additionally, traders will closely monitor speeches from several Federal Reserve officials this week. The ISM Manufacturing PMI for the US increased to 48.4 in November 2024 from 46.5 in October, beating forecasts of 47.5.

Resistance appears - Foreign investors continue net buying, focusing on FPT shares. VNINDEX closed at 1,251.21 (+0.75 points, +0.06%) with low liquidity. The market had 147 green codes and 221 red codes. The stocks contributing to the market's increase were VCB and LPB while FPT and BID contributed to the market's decline. Most industry groups increased, while the financial and consumer groups decreased. However, foreign investors returned to net selling after a week of net buying with a value of nearly 304 billion VND. Trading strategy: Investors should temporarily refrain from buying new stocks, particularly those with high market volatility. 

Buy recommendation for VCS stock

Focus: Update on HSG's Q3 financial results