Vietnam Insight

Global stock market: The Dow index showed strong gains last week as investor sentiment was uplifted by expectations of the tightening of monetary policies coming to an end.

Assessment: The US stock market reacted positively to the news of easing inflation and the expectation of good Q2 financial results. The consumer sentiment index from the University of Michigan indicates consumer enthusiasm. The anticipated recovery from the US market is starting to take place.. 

Vietnam's stock market: In the past week, VNINDEX continued its third consecutive week of increase, closing at 1185.9 (+1.5%). During the week, the index experienced some sideways movement for 3 sessions and then quickly regained strong momentum on Friday's session.

Assessment: With the recovery from the US market, there are expectations for improvement in industries that export to the US such as seafood, textile and garment, interior materials, etc.

Recommendation: Prioritize holding stocks with good upward trends and limit new purchases for stocks that have deviated significantly from the MA 10 and MA 20 lines. The market is currently displaying optimistic and greedy sentiments.

• Movement of cash flows and capital flows
• Top stocks worth noting
• Macro data