Vietnam Insight

US stocks had a positive week as the Nasdaq and S&P 500 indexes closed at nine-month highs on Thursday. The newly released US May jobs report showed job growth accelerated but wage growth was moderate. The rising unemployment rate adds to the view that labor market conditions are gradually easing.

Vietnam market increased 12.45 points (1.15%) to close at 1,090.84; however, foreign investors were net sellers for the second week in a row. Small stocks attracted cash flow at the beginning of the week with many ceiling codes; followed by the return of banking group leading the index to gain strongly at the end of the week.

• World stocks: Have an optimistic trading week
• Vietnam stocks: Breaking 1,070 short-term support zone
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