Recommendations

President Trump announced a ceasefire timeline between Israel and Iran, helping to improve market sentiment. US stock futures climbed on Tuesday after President Donald Trump announced a ceasefire timeline between Israel and Iran, referring to the conflict as “The 12-Day War.” The news helped calm investor nerves following a weekend escalation in which the US struck Iranian nuclear sites, effectively joining Israel’s conflict with Tehran. Iran’s response—a limited strike on a US base in Qatar—caused no casualties, helping to reverse the spike in oil prices and pressuring energy stocks. In Monday’s regular session, the Dow rose 0.89%, the S&P 500 gained 0.96%, and the Nasdaq advanced 0.94%, driven by easing geopolitical fears and strong corporate news. Investors now await Federal Reserve Chair Jerome Powell’s testimony before Congress on Tuesday and Wednesday for further clues on the outlook for interest rates.   MA20 resistance test. The VNINDEX closed at 1,358.18 (+8.83 points, +0.65%) with liquidity returning to the 20-day average. The market saw 120 advancing stocks and 205 declining stocks, with the real estate and energy sectors being significant positive contributors. The stocks contributing most to the markets gain were VIC, VHM, and GAS, while VCB, HVN, and VMN contributed to its decline. Foreign investors were net sellers of 164 billion VND, primarily in VCI and VNM.    Trading Strategy: Investors are temporarily holding off on buying stocks that have already seen strong gains, as capital may shift toward stocks trading below their 200-day or 50-day moving averages. For new buying positions, priority can be given to real estate and banking stocks that are trading at low levels with a consolidation base; however, the allocation should remain modest   Buy Recommendation: MWG

▶ In contrast to negative news on the world market, VN-Index recorded a spectacular against-the-current session when it ended with an increase of nearly 9 points, although the level of differentiation between industry groups was quite high. VIN Group stocks alone contributed almost all of the increase in points, combined with the Industrial Park sector which showed positive movements, while other sectors mostly decreased or remained unchanged. Liquidity did not fluctuate much and foreign investors net sold slightly, which were the highlights of today. ▶ At the end of the trading session, VN-Index increased by 8.83 points (+0.65%), reaching 1,358.18 points; HNX-Index increased by 0.35 points (+0.15%), reaching 227.42 points. Market liquidity reached 24.2 trillion VND, which was equivalent to about 988 million shares traded. Foreign investors net sold with a slight value of 166 billion VND, mostly concentrated in VCI, VNM and EIB. On the other hand, VIC, HPG and GEX were the typical net-bought stocks. ▶ Technical perspective: The market recorded an adjusting session to retest MA20 before cash flow participated to support the price. The liquidity increased relatively large but market index value gradually recovered, showing that although selling pressure increased, the cash flow still managed to support the price when VN-Index fluctuated near the support zone of 1,335. Currently, the market has successfully tested MA20 and needs to attract strong cash flow to complete the new uptrend movement. - In the positive case: If the index manages to maintain the EMA50 when facing of short-term profit-taking pressure from the market, along with positive updates from tax negotiations from Vietnam; then this will open up a positive signal to help investors confidently disburse in the upcoming time. - In the base case: If Vietnam has no new progress on tax agreements, the main trend will still be trading sideways and waiting for a clearer confirmative signal from the market. Strategy: Investors should temporarily stop buying new stocks that have increased a lot, because cash flow can take profits and switch to stocks that are trading below MA200/MA50. For new positions, priority can be given to stocks among the real estate and banking sectors that are in low price ranges, accompanied with tight accumulation bases. However, the disbursement ratio should also be kept low.  

Markets are now on edge, awaiting Tehran’s response amid fears of broader regional instability and higher oil prices. US stock futures edged lower on Monday after the US launched strikes on three Iranian nuclear sites over the weekend, fueling a fresh spike in oil prices and stoking fears of broader conflict in the Middle East. The move came unexpectedly, as President Donald Trump had stated on Friday that he would decide on a potential strike “within the next two weeks,” which had raised hopes for a diplomatic window. Following the attack, Trump said on Saturday, “there will be either peace, or there will be tragedy for Iran far greater than we have witnessed over the last eight days.” Markets are now bracing for a possible retaliation from Tehran, including the risk of attacks on US personnel in the region or potential disruption of global oil flows through the Strait of Hormuz.    Resistance around the recent peak. VNINDEX closed at 1,349.35, down 2.69 points or 0.2%, with liquidity at its 20-day average. There were 135 gainers and 167 decliners in the market, with the banking sector contributing positively. The stocks that contributed most significantly to the markets gains were MBB, VCB, and CTG, while VIC, VHM, and GAS were the biggest contributors to the decline. Foreign investors were net sellers of 573 billion VND, primarily in VIC and VHM.    Trading Strategy: Investors are temporarily holding off on buying stocks that have already seen strong gains, as capital may shift toward stocks trading below their 200-day or 50-day moving averages. For new buying positions, priority can be given to real estate and banking stocks that are trading at low levels with a consolidation base; however, the allocation should remain modest

Highlights: Tensions between Iran and Israel continue to escalate, causing commodity prices like oil, gas, and fertilizer to soar. The Fed kept interest rates unchanged, signaling two rate cuts this year amid a challenging economic outlook with weak growth, rising unemployment, and escalating prices Vietnams Q2 GDP could reach 7.6%, bringing the 6-month growth to 7.3%. This places Vietnam among the highest growth rates in the region and the world. Technical View: VN-Index closed the week at 1,349 points (+33.86 points, +2.6%), showing some volatility around its peak. The upward momentum over the past week mainly came from the banking stock group. Overall, the market still lacks a decisive cash flow session to establish an uptrend. Nevertheless, the market has shown positive signals from the banking stock group, suggesting a potential uptrend in the near future. To enter a sustained uptrend, the VN-Index needs a leading stock group that can create a market-wide ripple effect.   Investment Idea: Investors should refrain from initiating new positions in stocks that have already risen sharply, as profit-taking may occur and capital could shift to underperforming stocks trading below the MA200/MA50. For new positions, consider sectors such as real estate, steel, and banking, which are currently at low price bases with established accumulation zones — but keep new allocations conservative.

Decline continues amidst geopolitical instability. US stock futures fell further during Thursday’s Juneteenth holiday as heightening geopolitical conflict in the Middle East trimmed riskier positions, while markets continued to assess stagflationary risks from the Feds SEP. The three main averages were nearly 1% lower following Wednesdays flat close. The Federal Reserve held interest rates steady, with Chair Jerome Powell striking a cautious tone amid rising geopolitical and economic uncertainty. Powell reaffirmed a data-dependent approach, pointing to unclear inflation impacts from President Trump’s tariffs and the risk of stagflation. Resistance around the recent peak. VNINDEX closed at 1,352.04, marking a gain of 5.21 points or 0.39%, with liquidity at its 20-day average. The market saw 139 advancing stocks and 162 declining stocks. The real estate and banking sectors were strong contributors to the markets performance.The stocks contributing most to the markets increase were VIC, GVR, and TCB, while HPG, FPT, and HVN were the primary contributors to its decline. Foreign investors net sold 893 billion VND, mainly concentrating on FPT and VHM   Trading Strategy: Investors are temporarily holding off on buying stocks that have already seen strong gains, as capital may shift toward stocks trading below their 200-day or 50-day moving averages. For new buying positions, priority can be given to real estate and banking stocks that are trading at low levels with a consolidation base; however, the allocation should remain modest